Prime Development Opportunity in North Hollywood, CA
This single-family home on Victory Blvd is a prime investment opportunity for developers looking to capitalize on the high demand for quality rental units in the area.
- Price
- $1,249,000
- Bed
- 3
- Bath
- 1
- Sq ft
- 1,380
11618 Victory Blvd North Hollywood, CA 91606
Listing Courtesy Of: FIV REALTY CO, Babakhanyan, Mike, 01781588
MLS #: GD24184759IT
Property Type: Single Family
Year Built: 1941
Status: Active
City: North Hollywood
Days on Market: 53
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
Cooling
- None
Fireplace
- None
Laundry
- None
What's Special About This Home
Located at 11618 Victory Blvd in North Hollywood, this 1941-built single-family home is ready for demolition and comes with an RTI permit to build a 5-unit complex.
Surrounded by high-demand apartment complexes, this project offers the perfect opportunity for investors to capitalize on the growing need for rental units.
Each unit features 2 bedrooms, 2 bathrooms, and 1,200 sqft of living space, with two on the first floor and three on the second.
With new construction properties commanding premium rents, this project offers strong long-term cash flow potential.
The heavy lifting has already been done, with plans less than a month away from approval.
Take advantage of this rare chance to develop in a high-demand area with major upside potential.
Don't miss out on this investment opportunity in North Hollywood.