Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

925 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

11415 Miranda St | Luxury Fourplex 11415 Miranda St

4 Unit Apartment Building $1,850,000 ($462,500/Unit) 5.45% Cap Rate North Hollywood, CA 91601

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

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.

11415 Miranda St - OM

Financial Summary (Actual - 2024)	Annual	Annual Per SF
Gross Rental Income	$133,740	$32.12
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$133,740	$32.12
Taxes	$22,127	$5.31
Operating Expenses	$10,840	$2.60
Total Expenses	$32,967	$7.92
Net Operating Income	$100,773	$24.20

Financial Summary (Actual - 2024)

Gross Rental Income
Annual	$133,740
Annual Per SF	$32.12

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$133,740
Annual Per SF	$32.12

Taxes
Annual	$22,127
Annual Per SF	$5.31

Operating Expenses
Annual	$10,840
Annual Per SF	$2.60

Total Expenses
Annual	$32,967
Annual Per SF	$7.92

Net Operating Income
Annual	$100,773
Annual Per SF	$24.20

Property Facts

Price	$1,850,000	Apartment Style	Low Rise
Price Per Unit	$462,500	Lot Size	0.14 AC
Sale Type	Investment	Building Size	4,164 SF
Cap Rate	5.45%	Average Occupancy	75%
Gross Rent Multiplier	13.83	No. Stories	2
No. Units	4	Year Built/Renovated	1963/2018
Property Type	Multifamily	Parking Ratio	1.68/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,850,000
Price Per Unit	$462,500
Sale Type	Investment
Cap Rate	5.45%
Gross Rent Multiplier	13.83
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Lot Size	0.14 AC
Building Size	4,164 SF
Average Occupancy	75%
No. Stories	2
Year Built/Renovated	1963/2018
Parking Ratio	1.68/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.