11618 Victory Blvd - Residential LAND FOR SALE


North Hollywood, CA 91606 7,022 SF
$999,000 USD
818-259-1046
11618 Victory Blvd, North Hollywood, CA for Sale
$999,000 USD
Residential LAND - FOR SALE
1/20
7,022 SF

11618 Victory Blvd
North Hollywood, CA 91606


HIGHLIGHTS

  • major street
  • Great rental opportunity

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/ACRE

$6,197,158/AC

PRICE/SF

$142 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Victory Blvd Project- for 5 units

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units, Apartment Units - Condo

LAND ACRES

0.16 AC

LAND SF

7,022 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk

ZONING

R3

APN/PARCEL ID

2335-026-008

ASK ABOUT THIS PROPERTY

Martin LazarianJohnHart Real EstateMore Info
818-259-1046

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Martin LazarianJohnHart Real EstateMore Info
818-259-1046

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.