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… Read More 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! Read Less
Property listed by FIV REALTY CO, Mike Babakhanyan 818-240-4142
Listing Snapshot
Days Online
84
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
1
Square Ft.
1,380
Lot Size
0.16 Acres
Year Built
1941
MLS Number
GD24184759
30 Days Snapshot Of 91606
$792k
-2%
(avg) sold price
5
-58%
homes sold
139
+28%
(avg) days on market
Snapshot
Area Map
Additional Details
Fireplaces
None
Building
Built in 1941, Levels: One, Living area: 1380, 1 story, Common walls: NoCommonWalls
Community
Valley
Cooling
None
Garage
1 space
Laundry
None
Lot
0.1612 acres, 7,022 square feet, Size: 7,022
Parking
1 total parking
Pool
InGround, Private
Property
Zoning: LAR3, None
Sewer
SewerTapPaid
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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