11618 Victory Boulevard

North Hollywood, CA 91606

$1,249,000

List Price

3

bed Beds

1

shower Baths

1,380 sqft

straighten / sqft

1941

calendar_month 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!

Listing Information

List Price $1,249,000
Status Active
MLS GD24184759
HOA $0
Type Residential
Subtype Single Family Residence
Year Built 1941
Lot Size 7,022
Structure Size 1,380
DOM 1
Courtesy Of FIV REALTY CO
Listing Agent Mike Babakhanyan DRE#01781588
Co-Listing Agent Martin Lazarian DRE#01457363

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms 3
Total Bathroom
Bathrooms 1
Fireplace Information
Features None
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Mike Babakhanyan, Martin Lazarian, FIV REALTY CO . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 7th, 2024 at 1:35 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.