11447 Tiara St presents an attractive eight-unit multifamily investment opportunity located in the highly desirable North Hollywood 91601 submarket. Built in 1957, this 5,210 SF, two-story property sits on a 7,037 SF lot and is zoned LAR3. The asset offers stable in-place income with meaningful pro forma upside, supported by… Read More a strong rent-to-market gap and 100% occupancy at the time of underwriting. The property benefits from six on-site parking spaces, separately metered gas and electric, and updated unit interiors featuring modern kitchens, bathrooms, flooring, and in-unit laundry in select units, driving tenant retention and rent growth. Ideally positioned just south of the North Hollywood Metro Station and in the heart of the NoHo Arts District, the asset offers tenants walkable access to dining, entertainment, and employment hubs, while providing investors with strong long-term tenant demand, ADU or redevelopment optionality under LAR3 zoning (buyer to verify), and multiple executable paths to grow NOI and long-term equity. Read Less
Property listed by Tony Azzi, Tony Azzi 310-259-7556
Listing Snapshot
Days Online
81
Last Updated
Beds
10
Square Ft.
5,210
Lot Size
0.16 Acres
Year Built
1957
MLS Number
25625857
Additional Details
Building
Built in 1957, Living area: 5210.0, 1 building, 2 stories, Levels: Two
Income
Gross Income: $138,885, Net Operating Income: $72,987
Lot
0.1616 acres
Taxes
Parcel Number: 2338011003, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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