$1,940,000
$50K PRICE DROP

Estimated payment $11,503/month

Total Views 440
12 Beds
8 Baths
4,503 Sq Ft
$431 Price per Sq Ft

Highlights

  • Central Heating and Cooling System
  • North Hollywood Senior High School Rated A
  • 5-minute walk to Tiara Street Park

About This Home

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.

Listing Agent

Richard Schulman

KW Westside Estates License #01427211 Listed on: 07/10/2026

KW Westside Estates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 7,038 Sq Ft Lot
  • Lot Dimensions are 50x141

Home Design

  • Triplex

Interior Spaces

  • 4,503 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Parking

  • 6 Parking Spaces
  • Private Parking
  • Assigned Parking

Utilities

  • Central Heating and Cooling System

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 2338-011-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

7,038 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4503
  • Lot Acreage: 0.1616
  • Lot Dimensions: 50x141
  • Year Built: 1980
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 8.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 430.82

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Parking Space, Private, Assigned
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 45.08
  • Assessed Improvement Value: 526522
  • Assessed Land Percent: 54.92
  • Assessed Land Value: 641421
  • Total Assessed Value: 1167943
  • Assessor Parcel Number: 2338-011-007
  • Lot Size Area: 7038

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 12.28
  • Number Of Units: 3
  • Type Of Units: Triplex

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $14,488 $1,191,301 $654,249 $537,052
2025 $14,488 $1,167,943 $641,421 $526,522
2024 $14,278 $1,145,044 $628,845 $516,199
2023 $14,006 $1,122,593 $616,515 $506,078
2022 $13,360 $1,100,582 $604,427 $496,155
2021 $13,178 $1,079,003 $592,576 $486,427
2019 $9,744 $787,918 $439,564 $348,354
2018 $9,648 $772,470 $430,946 $341,524
2016 $9,187 $742,476 $414,213 $328,263
2015 $9,056 $731,325 $407,992 $323,333
2014 $9,100 $717,000 $400,000 $317,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/12/2026 08/12/26 Price Changed $1,940,000 -2.5% $431 / Sq Ft
07/10/2026 07/10/26 For Sale $1,990,000 -- $442 / Sq Ft
Source: The MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed $1,046,500 First Amer Ttl Co Los Angele
Grant Deed $717,000 Lawyers Title
Interfamily Deed Transfer -- Commonwealth Land Title Co
Interfamily Deed Transfer -- Commonwealth Land Title Co
Grant Deed $682,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $511,300 Purchase Money Mortgage
Previous Owner $345,000 Unknown
Source: Public Records

Source: The MLS

MLS Number: 26856509

The MLS

APN: 2338-011-007

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