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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 1,000,000

Est. payment -/mo

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Active Under Contract

16419 Victory Boulevard BLVD Los Angeles, CA 91406

6,446 Sqft Lot

UPDATED:

10/24/2024 06:45 PM

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

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

Rick Lee

16419 Victory Boulevard BLVD Los Angeles, CA 91406

Key Details

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Interior

Exterior

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16419 Victory Boulevard BLVD