$999,000

Estimated payment $6,441/month

Total Views 1,050
3 Beds
1 Bath
1,380 Sq Ft
$724 Price per Sq Ft

Highlights

  • In Ground Pool
  • No HOA
  • 1-Story Property
  • North Hollywood Senior High School Rated A

About This Home

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!

Listing Agent

Masis Babakhanyan

JohnHart Real Estate Brokerage Phone: 818-688-1645 License #01781588 Listed on: 07/11/2025

JohnHart Real Estate

Co-Listing Agent

Martin Lazarian

JohnHart Real Estate Brokerage Phone: 818-688-1645 License #01457363

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,880

Year Built

  • Built in 1941

Lot Details

  • 7,022 Sq Ft Lot
  • Property is zoned LAR3

Parking

  • 1 Car Garage

Interior Spaces

  • 1,380 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Additional Features

  • In Ground Pool
  • Sewer Paid

Community Details

  • No Home Owners Association
  • Valley

Listing and Financial Details

  • Tax Lot 105
  • Tax Tract Number 1241
  • Assessor Parcel Number 2335026008
  • $1,132 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,880

Year Built

Built in 1941

Lot Details

0

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: No
  • Zoning: LAR3
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2335026008
  • Year Built: 1941
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1380.00 Square Feet
  • Stories: 1
  • Entry Location: main
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 723.91

Exterior Features

  • Pool Features: Private, In Ground
  • Pool Private: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: No
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Valley

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7022.00
  • Lot Size Acres: 0.1612

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7022.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 1241.04
  • Tax Lot: 105
  • Tax Tract Number: 1241
  • TaxOtherAnnualAssessmentAmount: 1132.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,880 $883,298 $706,639 $176,659
2023 $11,518 $865,980 $692,784 $173,196
2022 $941 $63,931 $34,620 $29,311
2021 $921 $62,679 $33,942 $28,737
2019 $896 $60,822 $32,936 $27,886
2018 $802 $59,631 $32,291 $27,340
2016 $748 $57,317 $31,038 $26,279
2015 $738 $56,457 $30,572 $25,885
2014 $749 $55,352 $29,974 $25,378
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 For Sale $999,000 +17.7% $724 / Sq Ft
06/21/2022 06/21/22 Sold $849,000 0.0% $615 / Sq Ft
04/20/2022 04/20/22 For Sale $849,000 0.0% $615 / Sq Ft
02/01/2022 02/01/22 Pending -- -- --
01/21/2022 01/21/22 For Sale $849,000 -- $615 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD25155281

California Regional Multiple Listing Service (CRMLS)

APN: 2335-026-008