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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$3,750,000

Est. payment - /mo

20 Beds

15 Baths

7,540 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,540 sqft

Price per Sqft $497

MLS Listing ID 26856319

Bedrooms 20

HOA Y/N No

Year Built 2026

Lot Size 7,000 Sqft

Property Description

An Investor's Dream in the Heart of North Hollywood. Introducing an exceptional new-construction investment opportunity at 11223 Tiara Street. A rare five-unit residential income property thoughtfully designed for today's investor seeking strong cash flow, modern construction, and long-term appreciation.Situated on an approximately 7,000 SF lot, this architecturally designed development offers approximately 7,540 square feet of living space across five spacious residences, creating a truly unique asset in one of the San Fernando Valley's most desirable rental markets. The property consists of: Unit 1: 1,533 SF, Unit 2: 1,532 SF, Unit 3: 1,535 SF, ADU Unit 4: 1,471 SF, ADU Unit 5:1,469 SF. Every residence has been thoughtfully designed with spacious open floor plans, contemporary architecture, designer kitchens, premium cabinetry, modern fixtures, quality finishes, recessed lighting, and an abundance of natural light. The developer spared no expense in creating a product that stands apart from traditional multifamily investments, delivering large, home-style residences that appeal to today's premium rental market.Projected gross rental income is approximately $22,000 per month, providing investors with immediate income potential upon stabilization while benefiting from the advantages of brand-new construction and minimal deferred maintenance for years to come.One of the property's greatest strengths is its location. Positioned in the heart of North Hollywood, residents enjoy convenient access to the vibrant NoHo Arts District, the shopping, dining, and entertainment at NOHO West. The property also offers excellent connectivity to major studios, the Metro B Line, and the surrounding employment centers throughout the San Fernando Valley and greater Los Angeles.Whether you're completing a 1031 exchange, expanding a multifamily portfolio, or acquiring a newly constructed income-producing asset with exceptional long-term upside, 11223 Tiara Street represents a rare opportunity to own a turnkey investment that would be difficult and costly to replicate in today's development environment.Properties of this caliber, offering five newly constructed residences, substantial building square footage, premium finishes, and strong projected rental income, rarely become available. This is an opportunity to acquire a truly distinctive investment positioned for both immediate cash flow and long-term appreciation. **Potential opportunity for accelerated depreciation through a professional cost segregation study. Seller has not completed a cost segregation study, allowing a new owner to evaluate potential tax benefits. Buyers should consult their cpa regarding eligibility. No rent control via sb-8 exempt status.**

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LARD2

Interior

Interior Features Open Floorplan, Jack and Jill Bath

Heating Central

Cooling Central Air

Flooring Wood

Fireplace No

Appliance Dishwasher, Electric Cooktop, Microwave, Oven, Refrigerator

Exterior

Parking Features On Street

Pool None

Community Features Gated

Total Parking Spaces 5

Private Pool No

Building

Story 2

Entry Level Two

Sewer Other

Architectural Style Modern

Level or Stories Two

New Construction Yes

Others

Senior Community No

Tax ID 2337011025

Security Features Gated Community

Special Listing Condition Standard

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Listed by Bradley Koulback The Agency #02021588

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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California 92625, USA

11223 Tiara ST North Hollywood, CA 91601

Ernie Caponera

Key Details

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Interior

Exterior

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11223 Tiara ST