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11618 Victory Blvd
North Hollywood, CA 91606

$1,249,000 USD

Land For Sale  •  0.16 AC

Property Details

  • Property Type Land
  • Lot Size 0.16 AC
  • Zoning LAR3
52 Transit Score
84 Walk Score

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!

Highlights

Ready to Issue
5 units all 2 bedrooms

Public Transportation

Commuter RailDriveWalkDistance
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 5 min - 2.5 mi
Burbank Airport - North (Av Line) Metrolink Station (Metrolink Antelope Valley Line - Metrolink Trains) 8 min - 3.8 mi
AirportDriveWalkDistance
Bob Hope 6 min - 2.6 mi
Los Angeles International 36 min - 24.5 mi
Long Beach (Daugherty Field) 50 min - 36.7 mi
Martin Lazarian 818-240-4142 Fiv Realty
Martin Lazarian 818-240-4142 Fiv Realty