8
See all 8 photos
$999,000
Est. payment /mo
3 Beds
1 Bath
1,380 SqFt
New
11618 Victory Boulevard North Hollywood, CA 91606
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Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,380 sqft
Price per Sqft $723
MLS Listing ID GD25155281
Bedrooms 3
Full Baths 1
Year Built 1941
Property Sub-Type Detached
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
Direction Cross Street Beck Ave
Interior
Fireplace No
Exterior
Garage Spaces 1.0
Pool Below Ground, Private
View Y/N Yes
Water Access Desc Public
Building
Story 1
Sewer Sewer Paid
Water Public
Level or Stories 1
Others
Tax ID 2335026008
Special Listing Condition Standard
Listed by Mike Babakhanyan JohnHart Real Estate