11425 Tiara St, Los Angeles, CA 91601
11425 Tiara St, Los Angeles, CA 91601
11425 Tiara St, Los Angeles, CA 91601
13
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$1,940,000
Est. payment /mo
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12 Beds
8 Baths
4,503 SqFt
Price Dropped by $50K

11425 Tiara St Los Angeles, CA 91601

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,503 sqft

Price per Sqft $430

MLS Listing ID 26856509

Bedrooms 12

Year Built 1980

Lot Size 7,038 Sqft

Acres 0.1616

Property Sub-Type Multi-Family

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 North Hollywood

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment Range/Oven

Exterior

Parking Features Parking Space, Private, Assigned

Garage Spaces 6.0

Building

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by KW Westside Estates

NEARBY SCHOOL & BUSINESS

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INA MEDINA

INA MEDINA

BROKER - SALESPERSON | RE.BS.0146850

+1(702) 927-0612

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11425 Tiara St