11820-11824 Victory Blvd 5 Unit Apartment Building $1,750,000 ($350,000/Unit) North Hollywood, CA 91606

## **Prime Development Opportunity in the Heart of North Hollywood**
**11820-11824 Victory Blvd, North Hollywood, CA 91606**
**Offered As a Premier 5-Unit Development Project**
**±12,000 SF Corner Lot | Two Parcels | Tier 3 TOC**
Sellers are open to seller financing!
Discover a rare and highly desirable investment opportunity in one of the San Fernando Valley’s most dynamic and rapidly appreciating neighborhoods. This unique corner-lot development offering spans over **12,000 square feet across two contiguous parcels** and is entitled for **five spacious residential units**, presenting tremendous upside for builders, developers, and investors seeking long-term value in the thriving NoHo market.
### **Property Highlights**
* **Lot Size:** ±12,000 SF (combined across two legal parcels)
* **Zoning:** LARD1.5 – Ideal for small-lot subdivision or multifamily development
* **TOC Tier 3 Bonus:** Increased density, reduced parking requirements, and expedited entitlement process
* **Corner Lot Advantage:** Excellent street frontage on Victory Blvd with dual access — ideal for maximizing design, access, and curb appeal
* **Current Improvements:** Low-density residential structures, delivering with minimal demolition costs
### **Development Potential**
Take advantage of this **low-density infill site** in a high-demand rental and for-sale housing market. With the added benefit of **Tier 3 Transit-Oriented Community (TOC) incentives**, the site supports **greater unit density, reduced parking minimums, and height flexibility**, allowing for an optimized, design-forward residential community.
Preliminary design studies indicate potential for:
* **5 large, multi-story townhome-style units**
* Modern architectural design with rooftop decks or private patios
* Secure gated parking and open living plans
### **Location Perks**
Situated near the bustling arts district of NoHo, the site is:
* Minutes from the **North Hollywood Metro Station** (B/G Lines)
* Walking distance to **Valley Plaza, retail amenities, and schools**
* A short drive to **Burbank, Studio City, and Universal City**
* Convenient access to the **170 & 101 Freeways**
### **Investment Highlights**
* Ideal for small lot subdivision or luxury rental product
* High absorption market with strong rental demand
* Clear path to entitlement and construction
* Premium visibility and accessibility on a major corridor