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Patrick Downtain
Wheeler Steffen Sotheby's International Realty
Wheeler Steffen Sotheby's International Realty home
United StatesCaliforniaNorth Hollywood11334 Tiara Street

11334 Tiara Street
11334 Tiara Street North Hollywood, California 91601 United States

$1,375,000
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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...
$1,375,000
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.1608 Acres
Exterior
Land
Property type
BB24057054
Web Id
BB24057054
MLS ID
Los Angeles Unified
School District
40
days ago

About 11334 Tiara Street

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!

Listing Courtesy of Myunits.com Inc., Email/Phone : 818-850-8485

The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.

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Lot Description
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Listing Courtesy of Myunits.com Inc., Email/Phone : 818-850-8485
Patrick Downtain
Patrick Downtain
  • DRE# 00894345
500 W. Foothill Blvd.
Claremont, California 91711 United States
Listing Courtesy of Myunits.com Inc., Email/Phone : 818-850-8485
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