11618 Victory BLD, North Hollywood, CA 91606 - MLS#CRGD24184855

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Eric Boyenga

e@boyenga.com +1(408) 506-3942

$ 1,249,000

Est. payment | -/mo

7,022 Sqft Lot

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$ 1,249,000

Est. payment | -/mo

Save

7,022 Sqft Lot

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

Listed by Mike Babakhanyan • FIV REALTY CO

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA