11415 Miranda St | Luxury Fourplex | 11415 Miranda St
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11415 Miranda St | Luxury Fourplex 11415 Miranda St
4 Unit Block of Flats £1,482,775 (£370,694/Unit) 5.45% Net Initial Yield North Hollywood, CA 91601
Investment Highlights
- Spacious floorplans with ample natural light/Bathrooms with Carrera marble tile
- LED recessed lighting throughout units/Gorgeous laminate floors
- Highly efficient Carrier brand, ductless split HVAC System, 2 ton, 24,000 BTU Ample closet space
- Upscale fixtures in the bathrooms and kitchens/Quartz countertops in the kitchens
- Top of the line stainless steel Whirlpool appliances including a French door refrigerator, microwave, dishwasher & stove In-unit LG washer & dryer.
Executive Summary
The Frydman Group is pleased to present for sale a 4 unit apartment complex located at 11415 Miranda Street in
North Hollywood CA 91601. The building is located between Hatteras Street and Burbank Blvd just west of Tujunga
Avenue. The property was built in 1963 and renovated in 2018.
11415 Miranda is made up of two 3 bedroom, 2 bathroom units and two 2 bedroom, 1 bathroom units. All four units
are large encompassing a spacious floor plans and natural light. The investment opportunity is also ideal for an
owner user. The vacant 3 Bedroom / 2 Bathroom unit is approximately 1182 square feet. There are 7 open spaces
parking spots.
The properties amenities include top of the line stainless steel Whirlpool appliances including a French door
refrigerator, microwave, dishwasher and stove In-unit LG washer and dryers. There are upscale fixtures in the
bathrooms have Carrera marble tile and the kitchens include quartz countertops. There are LED recessed lighting
throughout units, lavish laminate floors, and highly efficient Carrier brand, ductless split HVAC System
encompassing 2-ton, 24,000 BTU’s.
The NoHo Arts District is an area of the San Fernando Valley that is undergoing urbanization and rapid growth.
There are multiple developments that are currently underway and in planning stages. Centrally located, it offers
unparalleled convenience in one of LA's most desirable areas. Walking distance to a number of various amenities
including, cultural attractions, shopping centers, employment opportunities, and spiritual centers.
North Hollywood CA 91601. The building is located between Hatteras Street and Burbank Blvd just west of Tujunga
Avenue. The property was built in 1963 and renovated in 2018.
11415 Miranda is made up of two 3 bedroom, 2 bathroom units and two 2 bedroom, 1 bathroom units. All four units
are large encompassing a spacious floor plans and natural light. The investment opportunity is also ideal for an
owner user. The vacant 3 Bedroom / 2 Bathroom unit is approximately 1182 square feet. There are 7 open spaces
parking spots.
The properties amenities include top of the line stainless steel Whirlpool appliances including a French door
refrigerator, microwave, dishwasher and stove In-unit LG washer and dryers. There are upscale fixtures in the
bathrooms have Carrera marble tile and the kitchens include quartz countertops. There are LED recessed lighting
throughout units, lavish laminate floors, and highly efficient Carrier brand, ductless split HVAC System
encompassing 2-ton, 24,000 BTU’s.
The NoHo Arts District is an area of the San Fernando Valley that is undergoing urbanization and rapid growth.
There are multiple developments that are currently underway and in planning stages. Centrally located, it offers
unparalleled convenience in one of LA's most desirable areas. Walking distance to a number of various amenities
including, cultural attractions, shopping centers, employment opportunities, and spiritual centers.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£107,193
|
£25.74
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£107,193
|
£25.74
|
| Taxes |
£17,735
|
£4.26
|
| Operating Expenses |
£8,688
|
£2.09
|
| Total Expenses |
£26,423
|
£6.35
|
| Net Operating Income |
£80,770
|
£19.40
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £107,193 |
| Annual Per SF | £25.74 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £107,193 |
| Annual Per SF | £25.74 |
| Taxes | |
|---|---|
| Annual | £17,735 |
| Annual Per SF | £4.26 |
| Operating Expenses | |
|---|---|
| Annual | £8,688 |
| Annual Per SF | £2.09 |
| Total Expenses | |
|---|---|
| Annual | £26,423 |
| Annual Per SF | £6.35 |
| Net Operating Income | |
|---|---|
| Annual | £80,770 |
| Annual Per SF | £19.40 |
Property Facts
| Price | £1,482,775 | Apartment Style | Low Rise |
| Price Per Unit | £370,694 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 4,164 SF |
| Net Initial Yield | 5.45% | Average Occupancy | 75% |
| Gross Rent Multiplier | 13.83 | Number of Floors | 2 |
| No. Units | 4 | Year Built/Renovated | 1963/2018 |
| Property Type | Residential | Parking Ratio | 1.68/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | £1,482,775 |
| Price Per Unit | £370,694 |
| Sale Type | Investment |
| Net Initial Yield | 5.45% |
| Gross Rent Multiplier | 13.83 |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 0.14 AC |
| Building Size | 4,164 SF |
| Average Occupancy | 75% |
| Number of Floors | 2 |
| Year Built/Renovated | 1963/2018 |
| Parking Ratio | 1.68/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Kitchen
- Wooden Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Yard
- Freezer
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 3+2 | 2 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 2338-024-024 | Total Assessment | £1,515,475 |
| Land Assessment | £1,251,722 | Annual Taxes | £17,735 (£4.26/sf) |
| Improvements Assessment | £263,754 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2338-024-024
Land Assessment
£1,251,722
Improvements Assessment
£263,754
Total Assessment
£1,515,475
Annual Taxes
£17,735 (£4.26/sf)
Tax Year
2024
zoning
| Zoning Code | LAC2 |
| LAC2 |
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11415 Miranda St | Luxury Fourplex | 11415 Miranda St
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