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Listed by Mike Babakhanyan • JohnHart Real Estate
$999,000
Est. payment /mo
3 Beds
1 Bath
1,380 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,380 sqft
Price per Sqft $723
MLS Listing ID CRGD25155281
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 1941
Lot Size 7,022 Sqft
Property Sub-Type Detached
Source Datashare California Regional
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. This is the investment opportunity you've been waiting for!
Location
State CA
County Los Angeles
Interior
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Spaces 1.0
Pool In Ground
View None
Private Pool true
Building
Story 1
Water Public
Schools
School District Los Angeles Unified
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Altie Schmitt
Partner at Village Associates | License ID: 00924672
Partner at Village Associates License ID: 00924672
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