$1,249,000
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11618 Victory Boulevard North Hollywood, CA 91606
Single Family
Residence
3
Beds
1
Baths
1,380
Sq. Ft.
0.16
Acre
Lot
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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!
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MLS#
GD24184759
Property Type
Single Family
Status
Bedrooms
3
Bathrooms
1 Full
Year Built
1941
Square Feet
1,380
sq. ft
Lot Size
0.16
Stories
1.0
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