9-Unit Apartment
11505 Tiara Street, North Hollywood, CA 91601
For Sale
$1,920,000
Under Contract
Residential Income, North Hollywood, CA
Property Size6,724 SF
Lot Size0.24 Acres
Price / SF$285.54
Days on Market54
Property Features for 11505 Tiara Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Sewer type
Water source
Building Details
Year built
Floors in Building
Flooring type
Listing Agency:
Keller Williams Exclusive Properties · Keller Williams Realty
(805) 777-7117
Listed By:
Norma Halvorson · License CA #01700077
(805) 298-0685
Added: Sep 18
Changed: Oct 26
Last Checked: Nov 10 at 7:06PM
MLS# 226004521
Copyright © 2026 Conejo Simi Moorpark Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9-unit apartment property, constructed in 1981, contains 6,724 square feet of rentable space on a 10,531-square-foot lot. The unit mix includes eight 1+1 units and one 2+1 unit, with linoleum, carpet, and ceramic tile flooring represented throughout the property. Two units are vacant, and current rents are below market, creating an opportunity to address occupancy and rental income performance.
The property is served by public water and public sewer. Its North Hollywood setting provides access to the NoHo Arts District, Metro rail stations, the North Hollywood Red Line and Orange Line busways, and the 101, 170, and 134 freeways. Nearby neighborhood amenities include theaters, galleries, cafes, restaurants, bars, music venues, and shops.
The property is served by public water and public sewer. Its North Hollywood setting provides access to the NoHo Arts District, Metro rail stations, the North Hollywood Red Line and Orange Line busways, and the 101, 170, and 134 freeways. Nearby neighborhood amenities include theaters, galleries, cafes, restaurants, bars, music venues, and shops.
Key Highlights
- 9‑unit apartment property built in 1981
- Unit mix includes eight 1+1 units and one 2+1 unit
- 6,724 square feet of rentable space on a 10,531‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,195
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,163,900
$2.2M
Cap Rate 7%
$1,545,643
$1.5M
Cap Rate 9%
$1,202,167
$1.2M
Market Conditions
NOI Build-Up for 6,724 SF
Gross rent
$213.8K $31.80/SF
− Vacancy
−$17.1K −$2.54/SF
EGI
$196.7K $29.26/SF
− OpEx
−$88.5K −$13.17/SF
NOI
$108.2K $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%
$2,163,900
Cap Rate 7%
$1,545,643
Cap Rate 9%
$1,202,167
Alternative Uses
Best Use
Apartment 5plus
$1.55M
$1.35M – $1.80M
NOI $108,195 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.60M
$3.15M – $4.20M
NOI $252,000 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
9
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
$961,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Income-producing multifamily property with eight one-bedroom units and one two-bedroom unit.
Where is this apartment building located?
The property is located at 11505 Tiara Street North Hollywood, CA.
What is the asking price?
The asking price for this property is $1,920,000.
What are key features of this property?
This property features: 9‑unit apartment property built in 1981; Unit mix includes eight 1+1 units and one 2+1 unit; 6,724 square feet of rentable space on a 10,531‑square‑foot lot
