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!
Property Details
Price:
$1,249,000
MLS #:
GD24184855
Status:
Active
Baths:
0
Address:
11618 Victory Boulevard 2335026008
Type:
Land
Neighborhood:
nhonorthhollywood
City:
North Hollywood
Listed Date:
Sep 5, 2024
State:
CA
ZIP:
91606
Lot Size:
7,022 sqft / 0.16 acres (approx)
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Schools
Interior
Exterior
Community Features
Valley
Lot Features
Lot 6500-9999
View
None
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address11618 Victory Boulevard 2335026008 North Hollywood CA
- AreaNHO – North Hollywood
- CityNorth Hollywood
- CountyLos Angeles
- Zip Code91606
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Courtesy of JohnHart Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
11618 Victory Boulevard 2335026008
North Hollywood, CA
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