$1,475,000

11447 Tiara St Unit 1 North Hollywood, CA 91601

North Hollywood Neighborhood

Estimated payment $9,226/month

10 Beds
9 Baths
5,210 Sq Ft
$283 Price per Sq Ft

About This Home

11447 Tiara St presents an attractive eight-unit multifamily investment opportunity located in the highly desirable North Hollywood 91601 submarket. Built in 1957, this 5,210 SF, two-story property sits on a 7,037 SF lot and is zoned LAR3. The asset offers stable in-place income with meaningful pro forma upside, supported by a strong rent-to-market gap and 100% occupancy at the time of underwriting. The property benefits from six on-site parking spaces, separately metered gas and electric, and updated unit interiors featuring modern kitchens, bathrooms, flooring, and in-unit laundry in select units, driving tenant retention and rent growth. Ideally positioned just south of the North Hollywood Metro Station and in the heart of the NoHo Arts District, the asset offers tenants walkable access to dining, entertainment, and employment hubs, while providing investors with strong long-term tenant demand, ADU or redevelopment optionality under LAR3 zoning (buyer to verify), and multiple executable paths to grow NOI and long-term equity.

Listing Agent

Tony Azzi

Tony Azzi License #00910513 Listed on: 12/01/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 7,039 Sq Ft Lot

Interior Spaces

  • 5,210 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 9 Bathrooms

Community Details

  • 8 Units
  • Vacancy Allowance $6,944

Listing and Financial Details

  • Assessor Parcel Number 2338-011-003

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: 11447 Tiara St presents an eight-unit multifamily investment opportunity in the highly desirable North Hollywood 91601 submarket. Built in 1957, this 5,210 SF, two-story property sits on a 7,037 SF LAR3-zoned lot and offers stable in-place income with meaningful pro forma upside, supported by a strong rent-to-market gap and 100% occupancy at underwriting. The asset features six on-site parking spaces, separately metered utilities, and updated interiors in select units, and is ideally positioned near the North Hollywood Metro Station and the NoHo Arts District, providing excellent walkability, strong long-term tenant demand, and ADU or redevelopment optionality (buyer to verify).
  • Living Area: 5210
  • Lot Acreage: 0.1616
  • Stories: 2
  • Year Built: 1957
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 9.00
  • Price Per S Q F T: 283.11

Exterior Features

  • Other Structures: None

Lot Info

  • Assessed Improvement Percent: 30.00
  • Assessed Improvement Value: 295948
  • Assessed Land Percent: 70
  • Assessed Land Value: 690549
  • Total Assessed Value: 986497
  • Assessor Parcel Number: 2338-011-003
  • Lot Size Area: 7039

Rental Info

  • Total Actual Rent: 11574.00

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.62
  • Number Of Units: 8
  • Type Of Units: Standard
  • Vacancy Allow: 6944
  • Vacancy Allow Percent: 5.00

Map

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 List to Sale Price per Sq Ft
12/01/2025 12/01/25 For Sale $1,475,000 -- $283 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 25625857

The MLS
California Los Angeles County North Hollywood 91601 North Hollywood

11447 Tiara St Unit 1, North Hollywood, CA

For Sale

MultiFamily

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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Tony Azzi
Listing Agent
Tony Azzi
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Tony Azzi
(747) 529-7154