11334 Tiara Street, North Hollywood

$1,375,000

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0 Bed
0 Bath
.16 Acre
0 Garage

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!

Essential Information

MLS® #
BB24057054
Price
$1,375,000
Bathrooms
0.00
Acres
0.16
Type
Land
Status
Active

Community Information

Address
11334 Tiara Street
Area
NHO - North Hollywood
City
North Hollywood
County
Los Angeles
Zip Code
91601
Community Features
Sidewalks
Senior Community
N

Amenities

Utilities
Water Not Available
View
Neighborhood

Exterior

Lot Description
Rectangular Lot, Value In Land

Additional Information

Date Listed
March 21st, 2024
Days on Market
38
Zoning
LARD2

Listing Details

Agent
Elizabeth Maddox
Office
Myunits.com Inc.

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Based on information from California Regional Multiple Listing Service, Inc. as of April 28th, 2024 at 2:55pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.