11618 Victory Boulevard, North Hollywood (los Angeles), CA 91606

$1,249,000 Asking Price

3 beds
1 bath
1,380  sqft
Built in 1941

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!

Features & Amenities

Interior

Laundry:
None
A/C:
false, None
Fireplace:
None

Exterior

Pool:
In Ground
Parking:
Detached

Construction

General:
1

Location

HOA Amenities:
0.0
School District:
Los Angeles Unified
County:
Los Angeles

Lot

Zoning:
LAR3, 2335026008
View:
None

Utilities

Utilities:
Other Water/Sewer
Water:
Public,Other

This listing courtesy of:
FIV REALTY CO, Mike Babakhanyan

About North Hollywood, CA

Housing

Number of Units
59,776
Median Home Value
$659,587
Median Rent
$1,471

71.18% of housing units are renter occupied.

4.61% are vacant.

Commute

Car
60.25%
Public Transportation
3.85%
Walk to Work
0.86%
Work from Home
33.67%
Other
0.91%

The median travel time to work is 23 minutes.

People

Population
152,986
Median Age
36.70
Median Household Size
2.67

Education

High School
18.35%
Associate’s Degree
9.55%
Bachelor’s Degree
24.85%
Graduate Degree
8.29%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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