– – – 7,022 –
Beds Baths Sq Ft Sq Ft Lot Yr Built

Property Details

Neighborhood Map
About this Property

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!

MLS Listing Information

MLS #

CRGD24184855

MLS Source

California Regional MLS

Days on Site

104

Parking, School, and Other Information

HOA Fee

$0

Zoning

LW

Contact Information

Listing Agent

Mike Babakhanyan

FIV REALTY CO

License #: 01781588

Phone: –

Co-Listing Agent

Martin Lazarian

FIV REALTY CO

License #: 01457363

Phone: –

Contact Agent

Mike Babakhanyan

FIV REALTY CO

License #: 01781588

Phone: –

Neighborhood: Around This Home

Neighborhood: Local Demographics

11618 Victory Bld is in North Hollywood, CA 91606. This Land is currently priced at $1,249,000. This address can also be written as 11618 Victory Bld, North Hollywood, CA 91606.

©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.

Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.

This listing information is up-to-date as of September 06, 2024. For the most current information, please contact Mike Babakhanyan