The location near the Metro B Line makes this ideal for tenants.
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What reviewers say about Rechat website 9
Customers describe the property as impressive and well-suited for the premium rental market, with one reviewer noting that the proximity to the Metro B Line makes it ideal for tenants and another highlighting strong projected cash flow at a six percent cap rate, while a third reviewer advises verifying current occupancy against the projected income figures.
What does Rechat website 9 do?
Rechat website 9 is a listing for a new-construction five-unit residential income property at 11223 Tiara Street in North Hollywood, comprising two duplexes, a single-family home, and two ADUs, presented for sale to investors. The listing projects approximately $22,000 per month in gross rental income and is described as having contemporary architecture, designer kitchens, and premium finishes.
What are the most common complaints about Rechat website 9?
The reviews on file do not include any clear complaints, as all three reviewers gave the listing 4 or 5 stars, so specific recurring complaints are not evident from the available information.
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3 Reviews
1 question · Jump to Q&AThis new construction five-unit property in North Hollywood looks impressive. The open floor plans and modern fixtures seem well-suited for the premium rental market. With a projected income of twenty-two thousand dollars monthly, the cash flow potential appears strong for investors seeking turnkey assets with minimal deferred maintenance needs.
The listing highlights premium finishes and designer kitchens across all five units, which certainly justifies the three million seven hundred fifty thousand dollar asking price for a new construction asset. The breakdown shows a gross annual income of two hundred ninety-four thousand dollars, yielding a six percent cap rate. What stands out is the clear projection of twenty-two thousand dollars in monthly rent. However, one must question whether these income figures are fully stabilized or based on market rate projections. The listing mentions immediate income potential upon stabilization, implying a brief gap. For someone considering this company, verifying the current occupancy status against the projected gross rental income would be prudent before committing to the four hundred ninety-seven dollar per square foot valuation in this competitive North Hollywood market.
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About Rechat website 9
This listing presents a new-construction five-unit residential income property located at 11223 Tiara Street in North Hollywood. The property comprises two duplex units, a single-family residence, and two accessory dwelling units (ADUs), totaling 20 bedrooms, 15 bathrooms, and approximately 7,540 square feet of living space on an approximately 7,000 square foot lot. Each unit features open floor plans, contemporary architecture, designer kitchens, premium cabinetry, modern fixtures, and recessed lighting. The listing projects gross rental income of approximately $22,000 per month and highlights the property's proximity to the NoHo Arts District, NOHO West shopping and dining, major studios, and the Metro B Line.
- Website
- 11223tiara.com
- Phone
- (310) 880-6544
- [email protected]
- Categories
- Real estate
