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11447 Tiara St
North Hollywood, CA 91601
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Vintage 8-Unit Asset — Two-story multifamily property built in 1957 with a 5,210 sqft building on a 7,031 sqft lot.
- Desirable North Hollywood Location — The building lies in the heart of the NoHo Arts District, directly south of the North Hollywood Metro station.
- Walkable Lifestyle & Regional Connectivity — Tenants enjoy walkable access to theaters, restaurants, farmers markets and shops in the NoHo Arts Dist.
- On-site Parking & Separate Utilities — The property offers six on-site parking space & gas and electric are separately metered.
- Turn-Key Interiors & Amenities — Individual units have been updated with hardwood/waterproof wood flooring, granite countertops, updated lighting, +
EXECUTIVE SUMMARY
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 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.
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.
PROPERTY FACTS
| Price Per Unit | $184,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 3.47% | Building Size | 5,210 SF |
| Gross Rent Multiplier | 10.62 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 1.54/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | LAR3 | ||
| Price Per Unit | $184,375 |
| Sale Type | Investment |
| Cap Rate | 3.47% |
| Gross Rent Multiplier | 10.62 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,210 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.54/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR3 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | $1,375 | 517 |
| 3+2 | 1 | $2,271 | 1,200 |
PROPERTY TAXES
| Parcel Number | 2338-011-003 | Improvements Assessment | $295,948 |
| Land Assessment | $690,549 | Total Assessment | $986,497 |
PROPERTY TAXES
Parcel Number
2338-011-003
Land Assessment
$690,549
Improvements Assessment
$295,948
Total Assessment
$986,497
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