Active Open Sunday 08/30 5 PM-8 PM

11223 Tiara Street

North Hollywood, CA 91601
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Bed 20

Bed

Bath 15

Bath

SqFt7,540

Sqft

SqFt7,002

Sqft(Lot)

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 architect ure, 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.**

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,750,000

AD Id : 87704208

MLS Id : 26856319

Beds : 20

Lot Size : 7,002 Sqft

Living Area Size : 7,540

Year Built : 2026

County : Los Angeles

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  • 08/30 5 PM-8 PM
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Feature Features

  • Bedroom Information

    Total beds: 20

    Bathroom Information

    Total Baths: 15

    Flooring Information

    Wood
  • Interior Features

    OpenFloorplan, JackAndJillBath
    Appliances: Dishwasher, ElectricCooktop, Microwave, Oven, Refrigerator
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 2026
    Building Area Total: 7540
    Stories: 2
    Pool Features: None
    Private Pool: No

  • Lot Information

    Lot Dimensions: 50x140 Main Square Feet: 7002 Lot Size Acres: 0.1607 Lot Size Square Feet: 7,002

  • Listing Price Information

    Listing Price: $3750000

  • Tax Information

    Parcel Number: 2337011025

  • Location Information

    Direction: Tujunga Ave to Tiara St. Security Features: GatedCommunity
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
10414 Tiara Street, North Hollywood, CA, 91601 $1,300,000 3 3 1,478 1,478 SqFt
5505 Clybourn Avenue, North Hollywood, CA, 91601 $925,925 2 1 1,110 1,110 SqFt
5665 Whitnall, North Hollywood, CA, 91601 $1,650,000 -- -- 5,440 5,440 SqFt
5108 Strohm Avenue, North Hollywood, CA, 91601 $2,049,000 3 3 2,360 2,360 SqFt
5887 Whitnall, North Hollywood, CA, 91601 $1,489,000 -- -- 4,837 4,837 SqFt
10703 Collins Street, North Hollywood, CA, 91601 $1,150,000 3 2 1,958 1,958 SqFt
5854 Satsuma, North Hollywood, CA, 91601 $999,990 3 3 1,728 1,728 SqFt
5123 Cahuenga Boulevard, North Hollywood, CA, 91601 $679,999 2 1 855 855 SqFt
5617 Denny Avenue, North Hollywood, CA, 91601 $1,279,000 5 4 3,102 3,102 SqFt
5637 - 5641 Riverton Av.., North Hollywood, CA, 91601 $3,800,000 16 16 9,052 9,052 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. 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 Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/26/2026 @ 04:51

MLS: 26856319 LISTED BY: Bradley Koulback, The Agency 424-230-3700 SOURCE: CRMLS

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