11334 W Tiara St, North Hollywood
NoHo RTI Land
Amazing NoHo location! An SB-8 EXEMPT, NON-RENT CONTROLLED, 7,002 square foot flat lot that is being delivered with RTI plans for 5 meticulously designed units with a future projected value of $3,850,000!!! The plans on this are next level, combining ultra-sleek design with attention to cost-effective construction. Plans feature three 5 bedroom units and two 4 bedroom units, with pro forma rent of $24,200/month! We project a savings of close to $900,000 off retail price.
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
Gross Rent:
Bldg. SF:
Lot SF:
$/SF:
$/Unit:
Unit Mix:
Opportunity Zone:
Parking:
Other Features:
$1,375,000
RTI Land
For Sale
5
N/A
5.85%
10.19
$290,400/Year (Pro Forma)
8,106 sqft
7,002 sqft
$196.37
N/A
3 x 5b/5b, 2 x 4b/4.5b
No
10 Carport Spaces
SB-8 Exempt, Non Rent Controlled
The Highlights
No rent control on the future project!
Delivered RTI!!! Get ready to build ASAP.
SB-8 EXEMPT!
Huge (7,002 SF) flat lot, ideal for a new construction project.
Outstanding projected exit price of $3,850,000.
Future projected monthly rent of $24,200.
All 5 and 4 bedroom units, meaning maximum income.
Expertly designed plans that combine ultra-sleek design with attention to cost-effective construction.
Ideal floorplans that future buyers and future tenants will love.
No relocations needed!
Ideal lot dimensions of 50’ x 140’
Located in the ultra-trendy NoHo Arts District, the hottest rental market in the Valley.
Moments to NoHo West, an exciting new mixed-use development with Trader Joes, Regal Cinema Movie Theater, LA Fitness, & more.
The Neighborhood
<15-Minute Walk
In-N-Out Burger, Starbucks, North Hollywood Metro, Tiara Street Park, India's Clay Pit, Mofongos, Jaltepeque, Superior Grocers, Coffee for Breakfast, The Room Escape Room, Roger Dunn Golf Shop, Los Burritos
<15-Minute Drive
NoHo West, Amazon Fresh, The Federal, Laemmle NoHo 7, LA Fitness, Teapop, Player One, WeWork, Lawless Brewing, In-N-Out Burger, Dave’s Hot Chicken, El Portal Theater, Magnolia Park, Porto’s, the Chandler Bike Path
<$15 Uber Ride
NoHo West, Amazon Fresh, The Federal, Laemmle NoHo 7, LA Fitness, Teapop, Player One, WeWork, Lawless Brewing, In-N-Out Burger, Dave’s Hot Chicken, El Portal Theater, Magnolia Park, Porto’s, the Chandler Bike Path
Contact
Lauren Cearley
213.302.8662
Property Presented By:
