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11618 Victory Blvd - Victory Blvd Project-RTI ready for 5 units

0.16 Acres of Residential Land Offered at $1,249,000 in North Hollywood, CA 91606

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Investment Highlights

Ready to Issue

5 units all 2 bedrooms

Executive Summary

Prime location in North Hollywood. RTI ready for 5 units.

Property Facts

Price	$1,249,000	Property Type	Land
Sale Type	Investment or Owner User	Property Subtype	Residential
Sale Conditions	Build to Suit Redevelopment Project	Total Lot Size	0.16 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,249,000
Sale Type	Investment or Owner User
Sale Conditions	Build to Suit Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	0.16 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot 105

Price	$1,249,000	Lot Size	0.16 AC
Price Per AC	$7,750,206

Price	$1,249,000
Price Per AC	$7,750,206
Lot Size	0.16 AC

Property of the Lankershim Ranch, Land and water co W 60 Ft of E 510 FT of S 117 FT of N 142 FT of Lot 105

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!

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