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!
Property Details
Property Features
Listing Office:
Office Name: FIV REALTY CO
Office Phone: (818) 240-4142
Listing Agent: Mike Babakhanyan
Exterior Features
Exterior Information:
View: None
Lot Features
Lot Information:
Lot Size: 0.16 Acres
Other
Directions Information:
Directions: Cross Street Beck
Price Information
Listing Price Info
Price Summary:
List Price: $1,249,000
Tax Information:
Annual Amount: $921
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $225.5K more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #GD24184855
Listing Office:
Office Name: FIV REALTY CO
Office Phone: (818) 240-4142
Listing Agent: Mike Babakhanyan
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 7:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$921
$62,679
2020
$895
$62,037
2019
$801
$60,822
2018
$783
$59,631
2017
$783
$58,462
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Victory Boulevard Elementary School
6315 Radford Ave
Distance between this listing and this school0.44 miles
Public District Grades KG-5
5
/10
Fair Avenue School
6501 Fair Ave
Distance between this listing and this school0.62 miles
Public District Grades KG-5
5
/10
Maurice Sendak Elementary
11414 Tiara St
Distance between this listing and this school0.64 miles
Public District Grades KG-5
Nearby Schools
5
/10
New Horizons Charter Academy
5955 Lankershim Blvd
Distance between this listing and this school0.53 miles
Public Charter Grades KG-8
4
/10
Roy Romer Middle School
6501 Laurel Canyon Blvd
Distance between this listing and this school0.71 miles
Public District Grades 6-8
6
/10
Isana Palmati Academy
6501 Laurel Canyon Blvd
Distance between this listing and this school0.75 miles
Public Charter Grades KG-8
Nearby Schools
2
/10
Amelia Earhart Continuation
5355 Colfax Ave
Distance between this listing and this school1.27 miles
Public District Grades 9-12
9
/10
Science Academy STEM Magnet
5525 Vineland Ave
Distance between this listing and this school1.31 miles
Public Magnet Grades 6-11
3
/10
East Valley High School
5525 Vineland Ave
Distance between this listing and this school1.31 miles
The neighbors living near this home have an average income of $34,437. The most common annual income of people living in Los Angeles, CA is less than $35k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 11618 Victory Blvd
What is the listing price of this property?
The listing price of 11618 Victory Blvd property is $1,249,000.
What type of property is this?
The property 11618 Victory Blvd is land located in North Hollywood, California, 91606.
Is this property for sale now?
Active Listing: 11618 Victory Blvd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $921 (source: MLS/based on county public records data).
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This home is located at 11618 Victory Blvd in North Hollywood, CA and zip code 91606 in the North Hollywood neighborhood. This home sits on a 0.16 acre lot. It has been listed on Rocket Homes since September 06, 2024 and is currently priced at $1,249,000.
Over 598 listings were sold over their listed price in October 2024 in Los Angeles, CA. In the same period over 753 listings were sold below the listed price and 191 listings were sold for the listed price. Between September 2024 and October 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 11.2%. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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