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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!
Property Type(s):
Lot/Land/Acreage
| Last Updated | 10/6/2024 | Community | North Hollywood |
|---|---|---|---|
| County | Los Angeles |
Additional Details
| AREA | North Hollywood |
|---|---|
| HOA DUES | 0 |
| LOT | 7022 sq ft |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | LAR3 |
Location
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Listed with FIV REALTY CO
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