8-Unit Apartment
For Sale
$1,799,999
11421 Tiara Street, North Hollywood, CA 91601
A varied apartment mix includes a larger three-bedroom residence alongside seven one-bedroom homes.
Property Size5,210 SF
Price / SF$345.49
Days on Market142
Property Features for 11421 Tiara Street
General Information
Standard status
Active
Size
5,210 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/2BA, 7 x 1BR/1BA
Multifamily Units
8
Additional Details
Cap Rate
4.8%
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$22,500
Building Details
Building Size
5,210 SF
Year Built
1957
Listing Agency:
Equity Union
(818) 989-2000
Listed By:
Dennis Chernov · License #01850113
(818) 355-2461
Source:
Brandolinogroup
Added: Jun 8
Changed: Oct 26
Last Checked: Oct 26 at 3:13PM
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 Equity Union
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Investment Insights
Based on property information with market context.
This 8-unit apartment building contains 5,210 square feet and dates to 1957. Its unit mix comprises one 3-bedroom, 2-bathroom apartment and seven 1-bedroom, 1-bathroom apartments.
The property is at 11421 Tiara Street in North Hollywood, with NOHO West’s shopping, dining, entertainment, and fitness offerings nearby. Access to the 170, 101, and 405 Freeways is also noted.
The property is at 11421 Tiara Street in North Hollywood, with NOHO West’s shopping, dining, entertainment, and fitness offerings nearby. Access to the 170, 101, and 405 Freeways is also noted.
Key Highlights
- 8 units: one 3‑bedroom, 2‑bathroom apartment and seven 1‑bedroom, 1‑bathroom apartments
- 5,210 square feet
- Built in 1957
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,833
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,676,660
$1.7M
Cap Rate 7%
$1,197,614
$1.2M
Cap Rate 9%
$931,478
$931.5K
Market Conditions
NOI Build-Up for 5,210 SF
Gross rent
$165.7K $31.80/SF
− Vacancy
−$13.3K −$2.54/SF
EGI
$152.4K $29.26/SF
− OpEx
−$68.6K −$13.17/SF
NOI
$83.8K $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%
$1,676,660
Cap Rate 7%
$1,197,614
Cap Rate 9%
$931,478
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,833 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $195,259 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,749
Businesses Nearby
Explore this area
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A varied apartment mix includes a larger three-bedroom residence alongside seven one-bedroom homes.
Where is this apartment building located?
The property is located at 11421 Tiara Street North Hollywood, CA.
What is the asking price?
The asking price for this property is $1,799,999.
What are key features of this property?
This property features: 8 units: one 3‑bedroom, 2‑bathroom apartment and seven 1‑bedroom, 1‑bathroom apartments; 5,210 square feet; Built in 1957
