Property Detail

Description

An Investor's Dream in the Heart of North Hollywood. Introducing an exceptional new-construction investment opportunity at 11223 Tiara Street. A rare five-unit residential income property thoughtfully designed for today's investor seeking strong cash flow, modern construction, and long-term appreciation.Situated on an approximately 7,000 SF lot, this architecturally designed development offers approximately 7,540 square feet of living space across five spacious residences, creating a truly unique asset in one of the San Fernando Valley's most desirable rental markets. The property consists of: Unit 1: 1,533 SF, Unit 2: 1,532 SF, Unit 3: 1,535 SF, ADU Unit 4: 1,471 SF, ADU Unit 5:1,469 SF. Every residence has been thoughtfully designed with spacious open floor plans, contemporary architecture, designer kitchens, premium cabinetry, modern fixtures, quality finishes, recessed lighting, and an abundance of natural light. The developer spared no expense in creating a product that stands apart from traditional multifamily investments, delivering large, home-style residences that appeal to today's premium rental market.Projected gross rental income is approximately $22,000 per month, providing investors with immediate income potential upon stabilization while benefiting from the advantages of brand-new construction and minimal deferred maintenance for years to come.One of the property's greatest strengths is its location. Positioned in the heart of North Hollywood, residents enjoy convenient access to the vibrant NoHo Arts District, the shopping, dining, and entertainment at NOHO West. The property also offers excellent connectivity to major studios, the Metro B Line, and the surrounding employment centers throughout the San Fernando Valley and greater Los Angeles.Whether you're completing a 1031 exchange, expanding a multifamily portfolio, or acquiring a newly constructed income-producing asset with exceptional long-term upside, 11223 Tiara Street represents a rare opportunity to own a turnkey investment that would be difficult and costly to replicate in today's development environment.Properties of this caliber, offering five newly constructed residences, substantial building square footage, premium finishes, and strong projected rental income, rarely become available. This is an opportunity to acquire a truly distinctive investment positioned for both immediate cash flow and long-term appreciation. **Potential opportunity for accelerated depreciation through a professional cost segregation study. Seller has not completed a cost segregation study, allowing a new owner to evaluate potential tax benefits. Buyers should consult their cpa regarding eligibility. No rent control via sb-8 exempt status.**