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$ 1,940,000
Est. payment | /mo
4 Beds
4,503 SqFt
$ 1,940,000
Est. payment | /mo
4 Beds
4,503 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 4,503 sqft
Price per Sqft $430
MLS Listing ID CL26856509
Bedrooms 4
HOA Y/N No
Year Built 1980
Lot Size 7,038 Sqft
Acres 0.16
Property Sub-Type OTHER
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
Zoning LAR3
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Total Parking Spaces 6
Building
New Construction No
Others
Tax ID 2338011007
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Listed by Richard Schulman • KW Westside Estates
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