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… Read More 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. Read Less
Property listed by KW Westside Estates, Richard Schulman 310-259-7556
Listing Snapshot
Days Online
18
Last Updated
Beds
12
3/4 Baths
8
Square Ft.
4,503
Lot Size
0.16 Acres
Year Built
1980
MLS Number
26948855
Additional Details
Building
Built in 1980, Living area: 4503.0, 1 building, Levels: Two
Cooling
CentralAir
Heating
Central
Lot
0.1616 acres, Dimensions: 50x141
Parking
6 total parking spaces, Assigned, Private, OneSpace
Taxes
Parcel Number: 2338011007, 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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