11618 Victory Boulevard
North Hollywood, CA 91606
0.16 acres | #GD24184855
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!
Property Details
- CountyLos Angeles
- Original List Price$1,249,000
- MLS #GD24184855
- MLS #GD24184855
- Property TypePurchase
- Cost1249000
- Acres0.1612
- Utility SourcePublic
- Property SubtypeLand
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Mike Babakhanyan (#G165112333)
Listing Office: JohnHart Real Estate (#G7561)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
