CA > North Hollywood
North Hollywood, CA 91606,11618 Victory BLVD
North Hollywood, CA 91606,11618 Victory BLVD
North Hollywood, CA 91606,11618 Victory BLVD
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$999,000
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3 Beds
1 Bath
1,380 SqFt
Active

11618 Victory BLVD North Hollywood, CA 91606

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Mason Frakes

Mason Frakes

+1(805) 260-4860

UPDATED:

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 $723

MLS Listing ID GD25155281

Bedrooms 3

Full Baths 1

HOA Y/N No

Year Built 1941

Lot Size 7,021 Sqft

Property Sub-Type Single Family Residence

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. 11618 Victory Blvd is a rare SB-8 EXEMPT. 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

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

Lease Land No

CRMLS – RECore
Listed by Mike Babakhanyan JohnHart Real Estate 818-688-1645

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agent

Mason Frakes

Broker Associate | License ID: 02036823

+1(805) 260-4860

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