Income-Producing Multifamily
11421 Tiara Street North Hollywood, CA 91601
11421 Tiara Street, North Hollywood, CA, 91601
$1,799,999
For Sale
$1,799,999
For sale multifamily property with eight units, including one 3-bedroom and seven 1-bedroom homes.
Property Size5,210 SF
Price / SF$345.49
Days on Market87
Property Features for 11421 Tiara Street
General Information
- Standard status
- Active
- Size
- 5,210 SF
- Property subtype
- Commercial Sale / Multi Family
Building Details
- Year Built
- 1957
Listing agency
Equity Union
(818) 432-1524
Listed by
Dennis Chernov · License #01850113
(818) 432-1524
Source
Compass
Added: Apr 27 Updated: Jul 21 at 1:04PM Checked: Jul 21 at 1:04PM
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
Investment Insights
Based on property information with market context.
This for-sale multifamily property features eight residential units, with a unit mix of one 3-bedroom, 2-bathroom unit and seven 1-bedroom, 1-bathroom units. The asset is positioned as an income-producing rental building within North Hollywood.
The property is located just minutes from NOHO West’s shopping, dining, entertainment, and fitness options, with easy access to the 170, 101, and 405 Freeways.
The building’s configuration offers straightforward diversity across unit sizes while maintaining a predominantly 1-bedroom rental base. Offered with an indicated 4.8% cap rate, it presents an acquisition opportunity for buyers evaluating residential income properties in the San Fernando Valley.
The property is located just minutes from NOHO West’s shopping, dining, entertainment, and fitness options, with easy access to the 170, 101, and 405 Freeways.
The building’s configuration offers straightforward diversity across unit sizes while maintaining a predominantly 1-bedroom rental base. Offered with an indicated 4.8% cap rate, it presents an acquisition opportunity for buyers evaluating residential income properties in the San Fernando Valley.
Key Highlights
- Multifamily property built in 1957 with 8 units total
- Unit mix: one 3‑bedroom/2‑bath unit plus seven 1‑bedroom/1‑bath units
- Offered with a 4.8% cap rate (per provided remarks)
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $165.7k | $31.80 |
| − Vacancy | −$13.3k | −$2.54 |
| EGI | $152.4k | $29.26 |
| − OpEx | −$68.6k | −$13.17 |
| NOI | $83.8k | $16.09 |
5,210 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - For sale multifamily property with eight units, including one 3-bedroom and seven 1-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: Multifamily property built in 1957 with 8 units total; Unit mix: one 3‑bedroom/2‑bath unit plus seven 1‑bedroom/1‑bath units; Offered with a 4.8% cap rate (per provided remarks)
