$1,249,000
3 Bed
1 Bath
1,380 Sqft
7,022 Sqft

11618 Victory Boulevard, North Hollywood (los Angeles), CA 91606

  • Residential Property Type
  • 175 Days Days On Market
  • 1941 Year Built
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!

Basic Details
Residential
Detached
For Sale
CRGD24184759
$1,249,000
None
3
1
175
1,380 Sqft
1941
7,022 Sqft
1
0.16 Acre
Active
1
: One Story
1
Features
: In Ground
: None
Other Water/Sewer
1
: None
1
: None
: Detached
Address Map
CA
Los Angeles
North Hollywood (los Angeles)
91606
Victory Boulevard
11618
W119° 36' 54''
N34° 11' 11.2''
LAR3
Cross Street Beck Ave
Additional Info
JohnHart Real Estate
Mike Babakhanyan
brokermikeb@gmail.com
Los Angeles Unified
Active
Public
1
For Sale
Price History
09/06/2024
$1,249,000
$0
Additional Information
1380
Listing Information
2024-12-28T00:31:25Z
Martin Lazarian
FIV REALTY CO
BayEast
CR248702
CR370765844
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    Rekha Mahalingam
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