11618 Victory Blvd, North Hollywood
Prime NoHo SB-8 Exempt R3 Lot in Opportunity Zone!
Rare SB-8 EXEMPT, non-rent-controlled, Opportunity Zone lot in NoHo, just minutes from the thriving NoHo Arts District. This flat, LAR3-zoned property allows for multiple residential units (+ potential for ADUs) with possible density bonuses under Executive Directive 1 (ED-1). Developers can bypass tenant relocation delays and build immediately in a high-demand rental market! Priced to sell!
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
Gross Rent:
Bldg. SF:
Lot SF:
$/SF:
$/Unit:
Unit Mix:
Opportunity Zone:
Parking:
Rent Control:
$1,075,000
Land
Pre-Market
1
1941
N/A
N/A
N/A
1,380 sqft
7,022 sqft
$153.09
N/A
N/A
Yes
N/A
No
Other Features:
No relocations needed!
The Highlights
No rent control on the future project!
SB-8 EXEMPT!
Large (7,022 SF), 60 x 117, flat lot, ideal for a new construction project.
No relocations needed!
LAR3 Zoning, build one Unit/1200 SF (Q Condition)
Opportunity Zone!
Potential for additional density using ED-1 incentives.
Prime NoHo location, walking distance to the NoHo Arts District, NoHo West, and the Metro Station.
High-demand rental market, attracting entertainment industry professionals, young creatives, and commuters.
Minutes from Toluca Lake and Studio City, offering upscale shopping, dining, and a short commute to major studios.
Excellent transit connectivity—Red Line Metro Station and Orange Line BRT make commuting a breeze.
New construction in this neighborhood commands premium rents and high resale value.
The Neighborhood
<15-Minute Walk
Coffee for Breakfast, In-N-Out, Mofongos, India's Clay Pit, Tiara Street Park, United Children's Learning Academy, New Horizons Charter Academy, Los Burritos, NoHo MMA, "The Room" Live Escape Room
<15-Minute Drive
NoHo Arts District, The Federal, Amazon Fresh, Eat, Dave's Hot Chicken, Republic of Pie, 24 Hour Fitness, NoHo West, Trader Joe's, Laemmle NoHo7, North Hollywood Park, The Good Nite, Lawless Brewing
<$15 Uber Ride
Disney Studios, Tujunga Village, Aroma Cafe, Porto's Bakery, Target, Magnolia Park, Vitello's, Bob's Big Boy, The Thirsty Merchant, Whole Foods, Aeirloom Bakery, Forman's Whiskey Tavern, Jinya Ramen
Property Presented By:
