Multifamily
11447 Tiara St
11447 Tiara St, Los Angeles, CA 91601
Listing Price: $1,475,000
Investment Overview
Marcus and Millichap is pleased to present the opportunity to acquire 11447 Tiara St, an eight-unit apartment building located in the highly desirable 91601 zip code of North Hollywood.
11447 Tiara St
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. The property offers six on-site parking space, unusual for a 1950s-era building.
- Gas and electric are separately metered for each unit, while a single water meter serves the building. This configuration allows landlords to pass most utility costs to tenants and reduces expenses.
- Individual units have been updated with hardwood or waterproof wood flooring, granite countertops, updated lighting, modern kitchens and bathrooms.
- Many units include in-unit laundry, wall A/C, ceiling fans, gas stoves and modern fixtures, while a gated entry and landscaped courtyard provide a secure and attractive environment.
- Desirable North Hollywood Location — The building lies in the heart of the NoHo Arts District, directly south of the North Hollywood Metro station. The Metro Red/Orange Line station is a 16-minute walk away, giving residents rapid transit to downtown Los Angeles, Hollywood, Universal City and Burbank Airport.
Exclusively Listed By
Listing Price: $1,475,000
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. The property offers six on-site parking space, unusual for a 1950s-era building.
- Gas and electric are separately metered for each unit, while a single water meter serves the building. This configuration allows landlords to pass most utility costs to tenants and reduces expenses.
- Individual units have been updated with hardwood or waterproof wood flooring, granite countertops, updated lighting, modern kitchens and bathrooms.
- Many units include in-unit laundry, wall A/C, ceiling fans, gas stoves and modern fixtures, while a gated entry and landscaped courtyard provide a secure and attractive environment.
- Desirable North Hollywood Location — The building lies in the heart of the NoHo Arts District, directly south of the North Hollywood Metro station. The Metro Red/Orange Line station is a 16-minute walk away, giving residents rapid transit to downtown Los Angeles, Hollywood, Universal City and Burbank Airport.
Investment Overview
Marcus and Millichap is pleased to present the opportunity to acquire 11447 Tiara St, an eight-unit apartment building located in the highly desirable 91601 zip code of North Hollywood.
Exclusively Listed By
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