11618 Victory Boulevard 2335026008
North Hollywood, CA, 91606
$1,249,000
Beds
0 Baths
SqFt
0.16 Acres
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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&#39'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&#39'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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11618 Victory Boulevard 2335026008
North Hollywood, CA