Property Detail

11315 Tiara

North Hollywood CA 91601

$2,275,000

Status: Active

Property Details

Description

We are pleased to exclusively offer 11315 Tiara Street, a fully renovated and furnished triplex with a junior accessory dwelling unit in the heart of Mid-Town North Hollywood. Although recently appraised higher, the property is offered for sale at $2,275,000. The property consists of three (3) three-bedroom/two-bathroom units and one (1) one-bedroom/one-bathroom JADU, totaling approximately 4,350 square feet of living space on a 7,000-square-foot lot. All four units are fully furnished with approximately $50,000 in quality furnishings including beds, sofas, dining sets, smart TVs, and full kitchen appliances. Originally constructed in 1926 with additions in 2005, the property underwent a comprehensive renovation starting in 2024 that included a new 400-amp electrical panel with three meters, 13 ductless mini-split HVAC units, full plumbing replacement, and complete interior remodeling. Six building permits have been filed and finalized, effectively delivering brand new systems within an established residential setting. At stabilized full occupancy, the property generates $184,800 in annual gross scheduled rent, with the three-bedroom units commanding $4,200 to $4,350 per month and the JADU at $2,500 per month. All utilitieswater, gas, electric, trash and internetare included in rent, a strategy that supports premium rents and appeals to the mid-term rental demographic of young professionals, traveling nurses, and entertainment industry workers who increasingly populate this submarket. At the offering price of $2,275,000, the property delivers a GRM of 12.3 against a comparable sales average of 15.0, meaning a buyer acquires 18% more income per dollar invested compared to recent comparable transactions. All occupied units are on short-term leases expiring by June 2026, giving a buyer complete flexibility to reposition the property at each turnover. A new investor has the option to continue the furnished mid-term model, convert to traditional unfurnished rentals with tenant-paid utilities or occupy a unit personally. Vacancy decontrol under LA's Rent Stabilization Ordinance (RSO) allows an investor to perform a market-rate reset at each turnover, eliminating concerns about below-market legacy rents. North Hollywood's Mid-Town corridor is positioned for transformative appreciation driven by District NoHo, a $1 billion development delivering 1,500 residential units, and 500,000 square feet of office space at the North Hollywood Metro B Line station, less than one mile from the property. The property's Transit Priority Area designation, LARD2 zoning, and TOC Tier 1 eligibility provide future density bonus options. With all major capital expenditures completed and no deferred maintenance, a buyer can operate immediately with confidence.11315 Tiara Street is centrally located within the thriving North Hollywood submarket of the City of Los Angeles, specifically in the Mid-Town corridor just east of the North Hollywood Arts District. The neighborhood has undergone substantial revitalization over the past decade, fueled by transit-oriented development, adaptive reuse projects, and sustained demand from entertainment and media professionals.

Map Location

Listing provided courtesy of Filip Niculete of Marcus & Millichap. Last updated 2026-03-19 08:11:03.000000. Listing information © 2025 CRMLS.

Ever Eternity

Ever Eternity

CA DRE# 01794748

1111 Prospect St, Suite 100 La Jolla,
​​​​​​​CA 92037

858.688.4113

Contact Me
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Welcome

Meet Ever

Ever Eternity is Your Local Real
Estate Professional

Whether it's your first townhouse, vacation property or coastal dream home, I will work to find the property that's best for you. I am able to anticipate and fulfill each of my clients needs, in order to find the perfect home for them and their family. I am here to work with you, to find the best fit for you, and am excited for the opportunity.

People choose to work with me for my full service expertise, experience and ethics. My base of loyal customers is the reason I am successful in this competitive sales market.

​My attention to detail allows me to find dream homes for buyers, and build thorough home marketing plans for my sellers. I have great pride in my negotiation skills and believe in transparency and full disclosure throughout each deal. I value open communication with my clients and welcome questions from start to close.

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"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"Ever was simply excellent. He is thorough, approachable and very knowledgable of the house buying process. We appreciated his manner and help throughout our purchase process - he never made us feel pressured to select a house and helped us find a perfect match. He was especially helpful when we needed to juggle urgent travel during the Escrow process, helping us set up power of attorney. We would recommend Ever to any type of buyer and will certainly use him for any future real estate needs that we have."

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"Ever has been my agent through two purchases and one sale. He has a keen sence of the market and knows how best to price and time sales and purchases. He makes sure to get the job done and places the most importance on making his satisfying his clients wishes to the best of his ability. He works well with escrow, property managers, and whomever he needs to speak with."

"Working with Ever was a joy. We had a number of unexpected challenges during the process of selling our house and Ever was consistently there to help, guide, and support us. He was always available for consultation and never lost sight of the immediate issues nor the long term goals. Ever was an exemplary professional in every way and I would highly recommend him."

"Working with Ever was a great experience. Selling our Mom's house was emotionally difficult for us. Ever guided us thru the process and made it smooth and easy as possible for us. He responded to all of our questions with professionalism and knowledge. He kept us informed of every action during the sale. We trusted his advice and insights and he delivered on everything he said. The sale was quick and smooth and we couldn't be happier. We highly recommend Ever. He definitely knows his business."

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