Land for Sale in Los Angeles, California
16419 Victory Blvd Los Angeles, CA 91406
Back on market no fault of seller. 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.
Directions
From Woodly Ave, turn onto Victory Blvd.
Property details
- County
- Los Angeles County
- Zoning
- LAR3
- Elevation
- 722 feet
- MLS Number
- MRMLS P1-18159
- Date Posted
Parcels
- 2231005029
Detailed attributes
Listing
- Type
- Land
Exterior
- Features
- Sidewalks Community Features Included
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Oct 24, 2024 | Under contract | $1,000,000 | — | MRMLS |
| Oct 20, 2024 | Back on market | $1,000,000 | — | MRMLS |
| Sept 13, 2024 | Under contract | $1,000,000 | — | MRMLS |
| Sept 5, 2024 | Price drop | $1,000,000 | $200,000 -16.7% | MRMLS |
| Aug 21, 2024 | New listing | $1,200,000 | — | MRMLS |