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11334 Tiara

North Hollywood, CA 91601
  • $1,395,000
  • STATUS: ACTIVE
  • ON SITE: 29 Days
  • ID#: BB24016301
UPDATED: 185 min ago
$1,395,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

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 cap rate over 7.97% if you buy and hold, and a savings of close to $900,000 off retail price. This property boasts an unbeatable NoHo location walking distance to Lankershim Blvd (NoHo Arts Districts 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! 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 cap rate over 7.97% if you buy and hold, and a savings of close to $900,000 off retail price. This property boasts an unbeatable NoHo location walking distance to Lankershim Blvd (NoHo Arts Districts 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!

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.coasthomewithcheryl.net/homes/146973157
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11334 Tiara North Hollywood, CA 91601

  • Price: $1,395,000
  • Status: ACTIVE
  • On Site: 29 Days
  • Updated: 185 min ago
  • ID#: BB24016301
0
Beds
0
Baths
0
½ Baths
0.16
Acres
Neighborhood:
North Hollywood (91601)
County:
Los Angeles
Area:
North Hollywood (91601)
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 cap rate over 7.97% if you buy and hold, and a savings of close to $900,000 off retail price. This property boasts an unbeatable NoHo location walking distance to Lankershim Blvd (NoHo Arts Districts 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! 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 cap rate over 7.97% if you buy and hold, and a savings of close to $900,000 off retail price. This property boasts an unbeatable NoHo location walking distance to Lankershim Blvd (NoHo Arts Districts 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!
Exterior Features

Lot Dimensions Approx 140x50 Site CurbsSidewalks Topography Level

Property Features

Cfd Mello Roos Fee 261.0 Cfd Mello Roos Fee Reflects Year Home Owners Fees 0.0 Miscellaneous Value in Land Monthly Total Fees 21

San Diego MLS logo Listing provided courtesy of Elizabeth Maddox of Myunits.com Inc.: 818-850-8485. Listing information © 2024 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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Cheryl Mahoney | Berkshire Hathaway HomeServices California
1299 Prospect St. #100
La Jolla CA, 92037