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Shawn Bengtson

Office Broker - DRE 01236964

  • Office 760-805-7199
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11618 Victory Boulevard, North Hollywood, CA – $1,249,000

  • 3 Beds
  • 1 Bath
  • 1,380 Sqft
  • .16 Acres
  • 3 Beds
  • 1 Bath
  • 1,380 Sqft
  • .16 Acres

11618 Victory Boulevard

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!

Essential Information

  • MLS® #GD24184759
  • Price$1,249,000
  • Bedrooms3
  • Bathrooms1.00
  • Full Baths1
  • Square Footage1,380
  • Acres0.16
  • Year Built1941
  • TypeResidential
  • Sub-TypeDetached
  • StatusACTIVE

Community Information

  • Address11618 Victory Boulevard
  • AreaNORTH HOLLYWOOD (91606)
  • CityNorth Hollywood
  • CountyLos Angeles
  • StateCA
  • Zip Code91606

Amenities

  • # of Garages1
  • ViewN/K
  • Has PoolYes
  • PoolBelow Ground, Private

Interior

  • CoolingN/K
  • FireplacesN/K
  • # of Stories1

Additional Information

  • Date ListedSeptember 5th, 2024
  • Days on Market2
  • ZoningLAR3

Listing Details

  • OfficeFIV REALTY CO
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FIV REALTY CO.

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Listing information last updated on November 28th, 2024 at 8:46pm PST.