MarketPier

11342 TIARA Street - North Hollywood, CA 91601

$795,000
Listing Description

Triplex located within walking distance from the Mega NoHo West, a brand new mixed use development currently under construction at the corner of Laurel Canyon Boulevard and Oxnard Street. Once completed, NoHo West will offer 300,000 square feet of retail shopping and dining around a large open air plaza, 1.3 miles away from the subject property, adding considerable value to properties in the area. Tiara Apartments consist of three structures, a main house and a free standing enclosed two-car garage, on-site laundry room, and a duplex with private yard in a private and gated setting. The property is located on a large lot measuring 7,703 square feet of land with considerable room to add square footage to existing units, commanding higher rents. The main house has been fully remodeled with top of the line materials, appliances, laminate wood floors, new windows, central heating and air conditioning, and updated electrical systems

Listing Information
MLS Number
19423054
APN/Parcel ID
2337012006
Type
Multifamily
Sub Type
Multifamily
Building Size
1,759 sqft
Lot Size
7,703 sqft
Price / SQFT
$452
No Units
3
Price / Unit
$265,000
Gross Income
$46,181
Total Expenses
$13,575
Net Income
$32,606
Rent Multiplier
17
Listing Date
1/11/2019
Days Active
72
Last Updated
3/25/2019
Listing Provided By
Jeanette Monfared
Marcus & Millichap
BRE# 00765098

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