11618 Victory Boulevard, North Hollywood, CA 91606
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Listed Price :
$1,249,000
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Beds :
N/A
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Baths :
N/A
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Property Size :
N/A 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!
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
11618 Victory Boulevard |
| City |
North Hollywood |
| State |
CA |
| Zip |
91606 |
| County |
Los Angeles |
| Listing Agent |
Mike Babakhanyan DRE #01781588 |
| Co-Listing Agent |
Martin Lazarian DRE #01457363 |
| Courtesy Of |
JohnHart Real Estate |
| List Price |
$1,249,000 |
| Status |
Active |
| Type |
Land |
| Structure Size |
N/A |
| Lot Size |
7,022 |
Listing information courtesy of: Mike Babakhanyan, Martin Lazarian, JohnHart Real Estate. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 27th, 2024 at 11:54 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
