11232 Tiara Street, North Hollywood, California 91601, North Hollywood, 91601 - 2 bed, 1 bath
ACTIVE$895,000
11232 Tiara Street, North Hollywood, California 91601
2Beds
1Bath
676Sqft
7,003Lot
Year Built
1927
Close
-
List price
$895K
Original List price
$895K
Price/Sqft
$1,324
HOA
-
Days on market
-
Sold On
-
MLS number
OC25222125
Home ConditionTear down
Features
ViewNeighborhood
About this home
Possibly Over-Priced:The estimated price is 22% below the list price. We found 3 Cons,6 Pros. Rank: price - $895.0K(26th), sqft - 676(3th), beds - 2(23th), baths - 1(26th).
Tear down. Property not habitable. Cash offers only with NO contingencies. Research with County or City for your intended use BEFORE submitting offers. Property immediately to the East is zoned a Triplex. Property immediately to the West is zoned a Duplex. Property 2 lots to the East is zoned as an Apartment. All have similar size lots as subject property. Value in Land only structure has no value and is to be sold as such. Subject to cancellation of current Escrow.
Price History
Date
Event
Price
10/22/25
Listing
$895,000
Condition Rating
Tear down
The MLS listing explicitly states 'Tear down' and 'Property not habitable,' indicating the structure is unlivable and beyond repair. Built in 1927, the property's value is solely in the land, consistent with the 'tear-down' classification.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7003, living area = 676.
Significant Development Potential: The property's location amidst neighboring triplex, duplex, and apartment-zoned lots of similar size strongly indicates potential for multi-unit development, maximizing land value.
Generous Lot Size: A substantial 7,003 sqft lot provides ample space for a significant new construction or multi-unit project in a desirable urban setting.
Prime North Hollywood Location: Situated in North Hollywood, a vibrant and growing area with high demand, offering excellent access to amenities, entertainment, and transportation.
Streamlined Transaction Potential: The 'cash offers only with NO contingencies' requirement suggests a potentially faster and more secure closing process for both seller and a serious investor.
Established Multi-Unit Precedent: The immediate vicinity already features multi-unit properties, suggesting a favorable environment for similar development.
Cons
Non-Habitable Structure (Tear Down): The existing property is explicitly stated as 'not habitable' and a 'tear down,' meaning the structure has no value and requires demolition, adding significant cost and time to any project.
Limited Buyer Pool: The requirement for cash offers and no contingencies severely restricts the potential buyer base, potentially impacting market reach and sale price.
Extensive Buyer Due Diligence Required: Buyers are explicitly advised to 'Research with County or City for your intended use BEFORE submitting offers,' indicating a need for significant upfront investigation into zoning, permits, and development feasibility.