Bought with Andrianna Chakava • Coldwell Banker Realty
$1,000,000
$1,000,000
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16419 Victory Boulevard Boulevard Los Angeles, CA 91406
6,446 SqFt
Key Details
Sold Price $1,000,000
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
Square Footage 6,446 sqft
Price per Sqft $155
MLS Listing ID CRP1-18159
Sold Date 11/15/24
HOA Y/N No
Originating Board Datashare California Regional
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
Interior
Fireplace No
Exterior
View None
Building
Water None
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