0.1608
Acre Lot
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 Districts 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!
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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Bike Score
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Courtesy: Elizabeth Maddox, Myunits.com Inc.
Agent Office Phone: 818-850-8485
Agent License: 01921425
Office License: 01921425
Office Phone: 818-859-7242