1115 SHARAZAD BLVD, Opa-locka, FL 33054

1115 SHARAZAD BLVD, Opa-locka, FL 33054 is a 24-bedroom, 24-bathroom multifamily 10 units plus : multifamily 3 or more units built in 1953 with 11,188 square feet of living space on a 11,900 square foot lot. The property is currently owned by LEHMAN APARTMENTS LLC, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2012-12-31 for $683,333, when SUNSTATE BANK sold to LEHMAN APARTMENTS LLC. The property has appreciated $543,333 (388%) since the prior sale of $140,000 on 2011-05-25. There are 3 recorded sales for this property.

The 2025 assessed value is $1,176,904 with a market value of $2,125,000. This breaks down to $297,500 for the land and $1,827,500 for the building. The assessed value increased 10% from $1,069,913 in 2024.

This property is located in FEMA Flood Zone X, which indicates minimal flood risk. Flood insurance is typically not required for properties in Zone X. The median household income in this area is $50,927, and the median home value is $301,700.

The population density is 7,809 people per square mile. The complete ownership history of this property spans from 2008 to 2012, with 3 recorded transactions in the public record. The current assessed value represents 172% of the most recent sale price.

This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $61 per square foot — a key metric for comparing value across the area's real estate market..