$ 1,000,000
16419 Victory Boulevard BLVD Los Angeles, CA 91406
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$ 1,000,000
Est. payment | /mo
6,446 Sqft Lot
$ 1,000,000
Est. payment | /mo
6,446 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID P1-18159
HOA Y/N No
Lot Size 6,446 Sqft
Property Description
Back on market, no fault of sellers. Unlock the potential of this RTI (Ready-to-Issue) development opportunity adjacent to beautiful Lake Balboa. This exceptional offering includes a full set of meticulously designed architectural plans for a 5-unit apartment building, featuring four spacious units plus an Additional Dwelling Unit (ADU). The proposed development includes a total of 6,548 square feet of modern living space on a generous 7,835 square foot lot. The plans also call for a 4-car garage for a convenient and secure parking option as well as alley access for ease of entry and exit. This opportunity is RTI ready. All permits and plans are approved and ready to build, saving you time and hassle. The land comes with detailed and professionally designed architectural plans for optimal functionality and aesthetic appeal. Investors can benefit from no rent control due to new construction. The plans appeal to tenants looking for modern, brand-new living spaces which can easily garner top rental prices. All the heavy lifting has been done, just step in and start building! Photos are renderings based off of the architectural plans.
Location
State CA
County Los Angeles
Area Lkbl - Lake Balboa
Zoning LAR3
Interior
Fireplace No
Exterior
Fence None
Community Features Sidewalks
Utilities Available Water Not Available
View Y/N No
View None
Building
Lot Description Sprinklers None
Water None
Others
Senior Community No
Tax ID 2231005029
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Listed by Amy Weber • COMPASS • amyweberre@gmail.com
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "