11618 Victory Boulevard Active Save Request In-Person Tour Request Virtual Tour
North Hollywood,CA 91606
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. 11618 Victory Blvd is a rare SB-8 EXEMPT. This is the investment opportunity you've been waiting for!
Location
State CA
County Los Angeles
Zoning LAR3
Exterior
Garage Spaces 1.0
Pool Below Ground,Private
View Y/N Yes
Building
Story 1
Sewer Sewer Paid
Water Public
Others
Special Listing Condition Standard