11618 Victory BLVD, North Hollywood, CA 91606

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Kenny Bonilla

kennybo92107@gmail.com +1(619) 992-5174

$ 1,249,000

Est. payment -/mo

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Active

11618 Victory BLVD North Hollywood, CA 91606

3 Beds

1 Bath

1,380 SqFt

UPDATED:

12/05/2024 04:37 AM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,380 sqft

Price per Sqft $905

MLS Listing ID GD24184759

Bedrooms 3

Full Baths 1

HOA Y/N No

Year Built 1941

Lot Size 7,021 Sqft

Property Description

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!

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LAR3

Rooms

Main Level Bedrooms 3

Interior

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool In Ground, Private

Community Features Valley

View Y/N No

View None

Attached Garage No

Total Parking Spaces 1

Private Pool Yes

Building

Dwelling Type House

Story 1

Entry Level One

Sewer Sewer Tap Paid

Water Public

Level or Stories One

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 2335026008

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Listed by Mike Babakhanyan • FIV REALTY CO

Kenny Bonilla

Agent | License ID: 01771992

+1(619) 992-5174

Kenny Bonilla

11618 Victory BLVD North Hollywood, CA 91606

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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11618 Victory BLVD