11618 Victory Boulevard
North Hollywood, CA 91606
- – beds
- – baths
- – sqft
- 7,022 sqft lot
- – on site
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!
Last checked:
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Last updated Sep 6, 2024
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MLS# GD24184855 —
This property is listed in more than one place. See it here, and here, and here.
The Building
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New Construction:No
Location
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Directions:Cross Street Beck
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Latitude:34.18637800
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Longitude:-118.38499900
The Property
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Property Type:Land
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Zoning:LAR3
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Lot Features:Lot 6500-9999
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Lot Size Area:7022.0000
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Lot Size Acres:0.1612
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Lot Size SqFt:7022.00
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Lot Size Source:Assessor
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View:None
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:1241.04
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Tax Lot:105
The Listing
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Special Listing Conditions:Standard
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Parcel Number:2335026008
Utilities
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Water Source:Public
The Community
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Senior Community:No
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Features:Valley
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Association:No
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Distance To Water Comments:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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9/6/24
Sep 6, 2024
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Listed / Active | CRMLS_CA | $1,249,000 | 47.1% (21.3% / YR) |
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6/21/22
Jun 21, 2022
|
CRMLS_CA | $849,000 | ||
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6/1/22
Jun 1, 2022
|
CRMLS_CA | $849,000 |
