11334 Tiara Street, North Hollywood, CA 91601
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Listed Price :
$1,375,000
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Beds :
N/A
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Baths :
N/A
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Property Size :
N/A sqft
Property Description
Developers, here is your next opportunity to build a new construction 5-unit in NOHO ARTS! 11334 Tiara St is an SB-8 EXEMPT, NON-RENT CONTROLLED, 7,002 square foot flat lot that is being delivered with RTI plans for FIVE meticulously designed units with a unit mix destined to bring in maximum return upon completion. With three 5 bedroom, 5 bathroom units and two 4 bedroom, 4.5 bathroom units, we predict gross annual rent of $290,400 and a future sales price of $3,850,000.
These expertly designed plans will be impressive to both future tenants and future buyers- making this a brilliant investment whether you build and hold or build and sell. Upon completion of the construction, we project a savings of close to $900,000 off retail price.
This property boasts an unbeatable NoHo location walking distance to Lankershim Blvd (NoHo Arts District’s main hub) and NoHo West, a massive mixed-use development with Trader Joes, Regal Cinema Movie Theater, LA Fitness, The Stand, Ulta Beauty, Starbucks and more. NoHo is the hottest rental market in the Valley- and this highly walkable location will make for low vacancy and ideal tenants for years to come!
Interior Features
Bedroom Information |
Bedrooms |
N/A |
Bathroom Information |
Bathrooms |
N/A |
Listing Information
Address |
11334 Tiara Street |
City |
North Hollywood |
State |
CA |
Zip |
91601 |
County |
Los Angeles |
Listing Agent |
Elizabeth Maddox DRE #01921425 |
Courtesy Of |
Myunits.com Inc. |
List Price |
$1,375,000 |
Status |
Hidden |
Type |
Land |
Structure Size |
N/A |
Lot Size |
7,004 |
Listing information courtesy of: Elizabeth Maddox, Myunits.com Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Mar 25th, 2024 at 3:26 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.