14427 Tiara Street

    Sherman Oaks, CA 91401
    • $2,400,000
    • STATUS: Closed
    • ON SITE: 309 days
    • ID#: 19489766
    Sold - 10/22/2019
    $2,400,000
    SOLD - 10/22/2019
    • 12
      BEDS
    • 0.16
      ACRES
    • 12
      BATHS
    • 0
      1/2 BATHS
    • 5,000
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2019
    County:

    School Ratings & Info

    Description

    TIARA QUAD is a new ground-up under-construction 4-unit apartment with an anticipated end of August completion. The property consists of a front and rear tri-level duplex. Units are not subject to rent control. Each unit features 3 large bedrooms and 3 bathrooms, open concept kitchen with quartz counter-tops and custom cabinetry, stainless steel appliances, Julienne balconies, highly durable 20 year luxury vinyl flooring, LED recessed lighting, dual glaze low-e windows, central air, tankless water heaters, in-unit washer and dryer hook-ups, large 2-car tandem private garage with EV ready receptacle, fire sprinklers, rain water run-off planters and barrels and all units are separately metered. This is a fantastic investment property with very easy to rent and sought after floor plan with minimal maintenance costs in very desirable North Sherman Oaks. A perfect up-leg property for your 1031 exchange. This will definitely be a long-term asset in your investment portfolio.

    Sold by Tony Azzi BRE#01904250 of Tony Azzi.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-05-26T14:42:12.887. 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.
    www.lydiagable.com/homes/97131724

    14427 Tiara Street Sherman Oaks, CA 91401

    • Price: $2,495,000
    • Status: Closed
    • Updated: 72 min ago
    • ID#: 19489766
    12
    Beds
    12
    Baths
    0
    ½ Baths
    0.16
    Acres
    5,000
    SQFT
    $0
    $/SQFT
    2019
    Built
    Neighborhood:
    Sherman Oaks (So)
    County:
    Los Angeles
    Area:
    Sherman Oaks (So)
    Property Description
    TIARA QUAD is a new ground-up under-construction 4-unit apartment with an anticipated end of August completion. The property consists of a front and rear tri-level duplex. Units are not subject to rent control. Each unit features 3 large bedrooms and 3 bathrooms, open concept kitchen with quartz counter-tops and custom cabinetry, stainless steel appliances, Julienne balconies, highly durable 20 year luxury vinyl flooring, LED recessed lighting, dual glaze low-e windows, central air, tankless water heaters, in-unit washer and dryer hook-ups, large 2-car tandem private garage with EV ready receptacle, fire sprinklers, rain water run-off planters and barrels and all units are separately metered. This is a fantastic investment property with very easy to rent and sought after floor plan with minimal maintenance costs in very desirable North Sherman Oaks. A perfect up-leg property for your 1031 exchange. This will definitely be a long-term asset in your investment portfolio.
    Exterior Features

    Construction Frame And Stucco Covered Spaces Total 8 Foundation Details Foundation - Concrete Slab Garage Spaces Total 8.0 Parking Spaces Total 8 Parking Type Garage - 4+ DoorsGarage Is AttachedTandem Windows Double Pane Windows

    Interior Features

    Appliances DishwasherGarbage DisposalGas Or Electric Dryer Hookup Bathroom Features Fiberglass Shower EnclosureLow Flow Shower(S)Low Flow Toilet(S)Shower Over Tub Cooling Type Central A/C Floor Material Sheet Vinyl Heating Type Central Furnace Interior Features Recessed LightingStorage SpaceTandem Kitchen Features Stone Counters Laundry Locations In Garage Levels Three Or More Levels Total Floors 3 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Partially Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 3.0 Unit Number Of Bath02 3.0 Unit Number Of Bed01 3 Unit Number Of Bed02 3 Water Heater Features Tankless

    Property Features

    Adjusted Gross Income 162960.00 Cap Rate 5.18 Country United States Of America Expense Total Annual 33600.00 Gross Operating Income 168000.00 Gross Rent Multiplier 14.85 Hoa YN N Legal Disclosures No Property Assessments Lot Size Source Public Records Net Operating Income 129360.00 Number Of Buildings 2 Property Condition New Construction Special Conditions Standard Sale Square Footage Source Developer Unit Monthly Rent01 3400.00 Unit Monthly Rent02 3600.00 Unit Projected Total Monthly Rent01 6800.00 Unit Projected Total Monthly Rent02 7200.00 Unit Total Monthly Rent01 0.00 Unit Total Monthly Rent02 0.00 Unit Type01 2 Unit Type02 2 Units Total In Complex 4 Zoning Lard1.5

    Listing provided courtesy of Peter Chang DRE#01904250 of Peter Chang.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-05-26T14:42:12.887. 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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