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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,940,000

Est. payment | -/mo

12 Beds

8 Baths

4,503 SqFt

Save

$ 1,940,000

Est. payment | -/mo

Save

12 Beds

8 Baths

4,503 SqFt

Open House

Sun Aug 23, 1:00pm - 3:00pm

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,503 sqft

Price per Sqft $430

MLS Listing ID 26856509

Bedrooms 12

HOA Y/N No

Year Built 1980

Lot Size 7,039 Sqft

Property 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.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Assigned, Private, One Space

Total Parking Spaces 6

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2338011007

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Richard Schulman KW Westside Estates #01427211

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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11425 Tiara ST Los Angeles, CA 91601