CA > North Hollywood
North Hollywood, CA 91606,11618 Victory Boulevard
North Hollywood, CA 91606,11618 Victory Boulevard
North Hollywood, CA 91606,11618 Victory Boulevard
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Mike Babakhanyan • FIV REALTY CO
$1,249,000
Est. payment /mo
3 Beds
1 Bath
1,380 SqFt
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UPDATED:

09/07/2024 02:50 PM

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,380 sqft

Price per Sqft $905

MLS Listing ID GD-24184759

Bedrooms 3

Full Baths 1

Year Built 1941

Lot Size 7,022 Sqft

Property Description

Located at 11618 Victory Blvd, this single-family home is ready for demolition, less than a month away from RTI (Ready to Issue) permit, to build a 5-unit complex. Set in an area surrounded by high-demand apartment complexes, this project is perfect for investors looking to capitalize on the growing need for quality rental units. Each of the 5 units features 2 bedrooms, 2 bathrooms, and 1,200 sq. ft. of living space, with two units on the first floor and three on the second floor. With new construction properties commanding premium rents, this project offers a unique opportunity to build and hold for your portfolio, providing strong long-term cash flow or whether you're an experienced developer looking to flip for a significant return, the possibilities are endless. The heavy lifting has already been done - plans are less than a month away from approval! Prior to opening escrow, RTI plans will be presented. Close escrow and start the demolition right away. Take advantage of this rare chance to develop in a high-demand area with major upside potential. This is the investment opportunity you've been waiting for!

Location

State CA

County Los Angeles

Zoning LAR3

Interior

Cooling None

Fireplaces Type None

Laundry None

Exterior

Garage Spaces 1.0

Pool Private, In Ground

Community Features Valley

View Y/N No

View None

Building

Lot Description Lot 6500-9999

Sewer Sewer Paid

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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