5-Unit Apartment
11223 Tiara St, North Hollywood, CA 91601
For Sale
$3,750,000
Five newly built homes offer open layouts, contemporary kitchens, and quality interior finishes.
Property Size7,540 SF
Lot Size0.16 Acres
Price / SF$497.35
Days on Market128
Property Features for 11223 Tiara St
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Public Transit
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
The Agency
Listed By:
Bradley Koulback · License CA #02021588
(310) 880-6544
Source:
Donhellergroup
Added: Jul 6
Changed: Nov 8
Last Checked: Nov 9 at 3:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Agency
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Investment Insights
Based on property information with market context.
Completed in 2026, this five-residence apartment property contains approximately 7,540 square feet of living area on an approximately 7,000-square-foot lot. The unit areas are 1,533, 1,532, 1,535, 1,471, and 1,469 square feet; the last two residences are accessory dwelling units. Interiors include open layouts, designer kitchens, premium cabinetry, recessed lighting, modern fixtures, and quality finishes.
The property is in North Hollywood, with access to the NoHo Arts District, NOHO West, major studios, and the Metro B Line. Employment centers across the San Fernando Valley and greater Los Angeles are also identified as nearby destinations.
The property is in North Hollywood, with access to the NoHo Arts District, NOHO West, major studios, and the Metro B Line. Employment centers across the San Fernando Valley and greater Los Angeles are also identified as nearby destinations.
Key Highlights
- Five residences, including two accessory dwelling units
- Approximately 7,540 square feet of living area on an approximately 7,000‑square‑foot lot
- Unit areas: 1,533 SF, 1,532 SF, 1,535 SF, 1,471 SF, and 1,469 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,325
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,426,500
$2.4M
Cap Rate 7%
$1,733,214
$1.7M
Cap Rate 9%
$1,348,056
$1.3M
Market Conditions
NOI Build-Up for 7,540 SF
Gross rent
$239.8K $31.80/SF
− Vacancy
−$19.2K −$2.54/SF
EGI
$220.6K $29.26/SF
− OpEx
−$99.3K −$13.17/SF
NOI
$121.3K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,426,500
Cap Rate 7%
$1,733,214
Cap Rate 9%
$1,348,056
Alternative Uses
Best Use
Apartment 5plus
$1.73M
$1.52M – $2.02M
NOI $121,325 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.04M
$3.53M – $4.71M
NOI $282,582 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,872
Businesses Nearby
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Business Placement
Demographics for 91601, CA
39,429
Population
20,539
Households
1.9
Avg Household Size
35
Median Age
51%
College-Educated
89%
High-School Grad
2.6 sq mi
ZIP Area
15,165
Density / Sq Mi
$77,540
Median Household Income
$48,907
Median Earnings
$2,115
Median Rent
$961,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in North Hollywood, CA
Properties on Market for Apartment buildings in North Hollywood
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Five newly built homes offer open layouts, contemporary kitchens, and quality interior finishes.
Where is this apartment building located?
The property is located at 11223 Tiara St North Hollywood, CA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Five residences, including two accessory dwelling units; Approximately 7,540 square feet of living area on an approximately 7,000‑square‑foot lot; Unit areas: 1,533 SF, 1,532 SF, 1,535 SF, 1,471 SF, and 1,469 SF
