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Daina Burness

North Hollywood CA Real Estate & Land for Sale

1 Properties Found

The median home value in North Hollywood, CA is $838,000. This is higher than the county median home value of $790,000. The national median home value is $308,980. The average price of homes sold in North Hollywood, CA is $838,000. Approximately 45.51% of North Hollywood homes are owned, compared to 47.38% rented, while 5.3% are vacant. North Hollywood real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you like to see a property, contact North Hollywood real estate agent to arrange a tour today!
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Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
BB24016301
Type:
Land
Lot size:
0.16 Acres
Listing Agent: Elizabeth Maddox - Myunits.com Inc., 818-850-8485
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Developers, here is your next opportunity to build a new construction 5-unit in NOHO ARTS! 11334 Tiara St is an SB-8 EXEMPT, NON-RENT CONTROLLED, 7,002 square foot flat lot that is being delivered with RTI plans for FIVE meticulously designed units with a unit mix destined to bring in maximum return upon completion. With three 5 bedroom, 5 bathroom units and two 4 bedroom, 4.5 bathroom units, we predict gross annual rent of $290,400 and a future sales price of $3,850,000.These expertly designed plans will be impressive to both future tenants and future buyers- making this a brilliant investment whether you build and hold or build and sell. Upon completion of the construction, we project a cap rate over 7.97% if you buy and hold, and a savings of close to $900,000 off retail price.This property boasts an unbeatable NoHo location walking distance to Lankershim Blvd (NoHo Arts Districts main hub) and NoHo West, a massive mixed-use development with Trader Joes, Regal Cinema Movie Theater, LA Fitness, The Stand, Ulta Beauty, Starbucks and more. NoHo is the hottest rental market in the Valley- and this highly walkable location will make for low vacancy and ideal tenants for years to come!

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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Based on information from CRISNet MLS as of 3/3/2024. 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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