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$ 1,249,000
Est. payment /mo
Active
11618 Victory BLD North Hollywood, CA 91606
7,022 Sqft Lot
UPDATED:
09/06/2024 07:03 PM
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRGD24184855
Originating Board California Regional MLS
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
Area Nho - North Hollywood
Zoning LW
Exterior
View None
Building
Water District - Public
Others
Tax ID 2335026008
Special Listing Condition Not Applicable
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Listed by Mike Babakhanyan • FIV REALTY CO