$1,000,000
Accepting Backup Offers

16419 Victory Boulevard Boulevard

Los Angeles, CA 91406
Listing OfficeCOMPASS
Browse 7 photos
Type:Purchase
Structure:Land
Zone:Residential

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.

  • Property Details
      • Lot DescriptionSprinklersNone
    • Measurements
      • Acres0.148
  • Construction Details
      • Property TypePurchase
  • Utilities / Energy Details
      • Utility FeaturesWaterNotAvailable
  • Community and Neighborhood Details
      • SubdivisionNot Applicable
    • Location
      • CountyLos Angeles
  • Financial Details
      • Original List Price$1,400,000
  • Other
      • MLS #P1-18159

Location

Joshua HenryBerkshire Hathaway Home Services California Properties
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00