11425 Tiara is a premium owner-user building, that can be delivered fully vacant, with a remodeled owner's unit. The new buyer has the opportunity to select all tenants, buy and share with family or friends. The building can also be delivered fully rented, which when stabilized, generates $162,000 of gross income, and a 5.5% Cap Rate. The property qualifies for an FHA owner user loan at this price with only a 3.5% down payment. There are 3 oversized four-bedroom units, averaging 1,500 sq. feet each, which is extremely rare. Additionally, to increase profitability, you can build up to 3 ADUs on the site. Adjacent to the NoHo Arts District, this property is close to studios, entertainment, dining and public transit, in a rapidly growing area. Convenienetly located across the street from Maurice Sendak Elementary School, and right near the North Hollywood Metro Station, the property benefits from proximity to major employment hubs, transit, and a thriving live-work-play environment. With an 85 Walking Score, tenant demand is very strong due to nearby stores like Target and Trader Joe's, and top dining options such as Idle Hour and The Front Yard.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.