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Listed by Mike Babakhanyan • JohnHart Real Estate
$999,000
Est. payment /mo
3 Beds
1 Bath
1,380 SqFt
New
11618 Victory BLD North Hollywood, CA 91606
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Key Details
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,380 sqft
Price per Sqft $723
MLS Listing ID CRGD25155281
Bedrooms 3
Full Baths 1
Year Built 1941
Lot Size 7,022 Sqft
Property Sub-Type Single Family Home
Source California Regional MLS
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 LAR3
Interior
Cooling None
Fireplaces Type None
Laundry None
Exterior
Garage Spaces 1.0
Pool Pool - In Ground, Pool - Yes
View None
Building
Story One Story
Sewer Sewer Available
Water District - Public
Others
Tax ID 2335026008
Special Listing Condition Not Applicable
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