11425 Tiara Street,Los Angeles, CA 91601
Los Angeles, CA 91601
Description
11425 Tiara is a premium owner-user building, that can be delivered fully vacant, with a remodeled owner's unit. The new buyer has the opportunity to select all tenants, buy and share with family or friends. The building can also be delivered fully rented, which when stabilized, generates $162,000 of gross income, and a 5.5% Cap Rate. The property qualifies for an FHA owner user loan at this price with only a 3.5% down payment. There are 3 oversized four-bedroom units, averaging 1,500 sq. feet each, which is extremely rare. Additionally, to increase profitability, you can build up to 3 ADUs on the site. Adjacent to the NoHo Arts District, this property is close to studios, entertainment, dining and public transit, in a rapidly growing area. Convenienetly located across the street from Maurice Sendak Elementary School, and right near the North Hollywood Metro Station, the property benefits from proximity to major employment hubs, transit, and a thriving live-work-play environment. With an 85 Walking Score, tenant demand is very strong due to nearby stores like Target and Trader Joe's, and top dining options such as Idle Hour and The Front Yard.
Details
| MLS # | 26101925 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1980 |
| Days On Site | 7 |
| Listing Provided By | KW Westside Estates | Richard Schulman |
Features
| Bed(s) | 12 |
|---|---|
| Bath(s) | 8 |
| SQ Feet | 4,503 |
| Story(s) | 2 |
| Units | 3 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.16 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Parking
| Parking Features | Assigned, Private, One Space |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 91601 |
| Area | NHO North Hollywood |
| Listing VS Median (in 91601) | |
Price: $1,850,000 low | high Med: $468,000 sqft: 4,503 low | high Med: 836 $ / sqft: $411 low | high Med: $560 On site: 7 low | high Med: 34 | |
Market Activity 91601
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 91601 |
| Area | NHO North Hollywood |
| Listing VS Median (in 91601) | |
Price: $1,850,000 low | high Med: $468,000 sqft: 4,503 low | high Med: 836 $ / sqft: $411 low | high Med: $560 On site: 7 low | high Med: 34 | |
