top of page

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 projected rent of $24,200/month! If you buy and hold, we project a cap rate of 7.97% or more.

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:

$1,395,000

RTI Land

Pre-Market

5

N/A

7.97%

10.19

$290,400/Year (Pro Forma)

8,106 sqft

7,002 sqft

$199.23

N/A

3 x 5b/5b, 2 x 4b/4.5b

No

1 Garage Spot, 5 Exterior Spots
(3 Permitted/2 Bonus)

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.

  • If you build and hold, we project a 7.97% cap rate upon completion, if not higher!

  • Conservative 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 fall in love with.

  • 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, The Stand, Ulta Beauty, Starbucks and 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

topography bg_myunits.png

Contact

Elizabeth Maddox

818.850.8485

Lauren Cearley

213.302.8662

Property Presented By:

bottom of page