UPDATED:
09/07/2024 04:57 PM
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,380 sqft
Price per Sqft $905
MLS Listing ID GD24184759
Style Detached
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 1941
Lot Size 7,022 Sqft
Acres 0.1612
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 North Hollywood (91606)
Zoning LAR3
Exterior
Garage Spaces 1.0
Pool Below Ground, Private
Total Parking Spaces 1
Building
Story 1
Lot Size Range 4000-7499 SF
Sewer Sewer Paid
Water Public
Level or Stories 1 Story
Others
Monthly Total Fees $94
Miscellaneous Valley
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
MORTGAGE CALCULATOR
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