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10842 Victory Blvd
North Hollywood, CA 91606
LAR3 Lot in NoHo | Shovel Ready for 6-Unit · Land For Sale
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0.14 AC
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.14 AC |
| Property Subtype | Residential | No. Stories | 1 |
| Proposed Use | Apartment Units | ||
| Zoning | LAR3 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.14 AC |
| No. Stories | 1 |
| Zoning | LAR3 |
DESCRIPTION
The 2-4 Unit Specialists are pleased to present 10842 Victory, a 5,999 square foot LAR3 lot that is blocks from Burbank and 5 minutes from both the NoHo Arts District and NoHo West, an enormous mixed-use development project that is poised to take North Hollywood to a whole new level! 10842 Victory is a vacant, fenced in piece of land that is 100% shovel ready. The previous structure on this parcel was a single family residence, which means no rent control on the future project! The seller has already paid close to $50,000 for approved permits for a 6-unit building made up of six 3b/2b units (three 1,440 SF and three 1,250 SF). We project the resale on this project would be around $2,900,000. An additional option for this lot would be to build a fourplex! We project the resale on a fourplex in this location would be $2,150,000-$2,200,000. With such a strong location nearby both NoHo and Burbank, this is the ideal opportunity to develop!
PROPERTY TAXES
| Parcel Number | 2414-008-004 | Improvements Assessment | $573,688 |
| Land Assessment | $903,349 | Total Assessment | $1,477,037 |
PROPERTY TAXES
