NOT LISTED FOR SALE

11319 Miranda St North Hollywood, CA 91601

North Hollywood Neighborhood
14 Beds
10 Baths
5,400 Sq Ft
7,309 Sq Ft Lot

Last Sold November 09, 2017

Last sale price $2,200,000 $407 Per Sq Ft

32 Days on Market

Highlights

  • Newly Remodeled
  • Open Floorplan
  • Main Floor Bedroom
  • Primary Bedroom Suite
  • Property is near public transit
  • Modern Architecture

About This Home

As of November 2017

A 2017 CONSTRUCTION luxury fourplex in the ultra-trendy NoHo Arts District. If you are looking for a building with a phenomenally high return that is virtually management free, here is your chance! At the pre-market price of $2,250,000 you can be in possession of a 5.92% cap rate - unheard of! At this point the property is still in the construction phase. 11319 Miranda consists of two separate two story buildings, each one containing a 4 bedroom, 3 bathroom unit and a 3 bedroom, 2 bathroom unit. There are a total of two sprawling 4 bedroom, 3 bathroom units and two enormous 3 bedroom, 2 bathroom units. The developers have constructed this property with extreme attention to detail, making sure all units have top of the line appliances, well laid out floor plans and an overall building quality you won' t find anywhere else.

11319 Miranda is located in the heavily sought after NoHo Arts District, which is home to the most popular arts, dining and nightlife scene in all of the Valley. Rentals are in the highest of demand in this area. These units were strategically built in the hottest rental market to ensure low vacancy rate and quality tenants.

Last Agent to Sell the Property

Elizabeth Maddox

No Firm Affiliation License #01921425 Listed on: 07/10/2017

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • 7,309 Sq Ft Lot
  • 1 Common Wall
  • Cul-De-Sac
  • Landscaped
  • Paved or Partially Paved Lot

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Modern Architecture
  • Quadruplex
  • Flat Roof Shape

Interior Spaces

  • 5,400 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Sliding Doors
  • Living Room
  • Laminate Flooring
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 14 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Suite
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Balcony
  • Exterior Lighting

Additional Homes

  • Two Homes on a Lot

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • High-Efficiency Water Heater

Listing and Financial Details

  • Tenant pays for all utilities, telephone
  • Tax Lot 3
  • Tax Tract Number 7384
  • Assessor Parcel Number 2337036011

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Electric Expense $750
  • Gardener Expense $1,200
  • Insurance Expense $1,782
  • Maintenance Expense $1,000
  • New Taxes Expense $26,816
  • Operating Expense $31,548
  • Gross Income $14,000
  • Net Operating Income $133,093

Property Details

Home Type

Multi-Family

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.92
  • Other Phone Number: 818-859-7242
  • Price Per Unit: 562500
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: LARD1.5
  • Architectural Style: Modern
  • New Construction: Yes
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 2337036011
  • Year Built: 2017
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Open Floorplan, Unfurnished
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 407.41
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Master Suite

Exterior Features

  • Other Structures: Two On A Lot
  • View: Neighborhood
  • Pool Private: No
  • Roof: Flat
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Covered, Uncovered, Garage, On Site
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Freezer, Disposal, Gas Oven, Gas Cooktop, High Efficiency Water Heater, Refrigerator
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Landscaped, Near Public Transit, Paved
  • Lot Size Sq Ft: 7309.00

Rental Info

  • Tenant Pays: All Utilities, Telephone

Multi Family

  • Electric Expense: 750.00
  • Gross Income: 14000.00
  • Gross Multiplier: 13.39
  • Gross Operating Income: 164000.00
  • Gross Scheduled Income: 168000.00
  • Insurance Expense: 1782.00
  • Maintenance Expense: 1000.00
  • Net Operating Income: 133093.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 31548.00
  • Rent Control: No
  • Total Actual Rent: 14000.00
  • Total Expenses: 31548.00
  • Vacancy Allowance: 3360
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 26816.00
  • Tax Area: 42
  • Tax Census Tract: 1242.04
  • Taxes Percent: 1.19
  • Tax Lot: 3
  • Tax Tract: 42
  • Tax Tract Number: 7384
  • Tax Year: 2017

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2017 11/09/17 Sold $2,200,000 -2.2% $407 / Sq Ft
08/11/2017 08/11/17 Pending -- -- --
07/10/2017 07/10/17 For Sale $2,250,000 -- $417 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2017

    Elizabeth Maddox

    No Firm Affiliation

    Section Image

  • N

    Buyer's Agent in 2017

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    6 in this area

    5,780 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17156387

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County North Hollywood 91601 North Hollywood

11319 Miranda St, North Hollywood, CA

This home is located at 11319 Miranda St, North Hollywood, CA 91601 since 10 July 2017. This property was built in 2017. 11319 Miranda St is a home located in Los Angeles County with nearby schools including Maurice Sendak Elementary School, Roy Romer Middle School, and East Valley Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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