$ 999,000
-
$999,000
Price -
3
Bed -
1
Bath -
1,380
SqFt
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About the Listing G7561 - G165112333,G84978
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!
Listing Highlights for 11618 Victory Boulevard
Status
Pending
Days on Site
56
Property Type
Residential
MLS ®
GD25155281
Year Built
1941
Total Square Footage
1,380
Lot/Acreage
0.16
Interior Details
- Bedrooms: 3
- Bathrooms: 1 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Lot 6500-9999,No Land Lease
- Garage Capacity: 1 car
- Parking Spaces: 1
- Zoning: LAR3
- Roof:
- Others:
- Sewer: Sewer Paid
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 2335026008
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Listing Location
Questions About..
11618 Victory Boulevard North Hollywood, CA 91606
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