11964-11966 Runnymede St
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11964-11966 Runnymede St
7 Unit Block of Flats £1,735,800 (£247,971/Unit) 5.82% Net Initial Yield North Hollywood, CA 91605
Investment Highlights
- 4 bedroom detached front house.
- Remarkable 7-unit residential income property nestled in the vibrant heart of North Hollywood.
- New roof installed in 2019.
Executive Summary
**Introducing 11966 Runnymede St: A Prime Income Property in North Hollywood** (Please see attached PDF for rent roll, expenses, etc.) We are delighted to present the sale of 11966 Runnymede St, a remarkable 7-unit residential income property nestled in the vibrant heart of North Hollywood. This well-maintained property comprises six spacious townhomes, each offering 2 bedrooms and 1.5 bathrooms, along with a charming 4-bedroom front house. Strategically located just east of Laurel Canyon on Runnymede Street, this property boasts a generous gross building area of 7,234 square feet, translating to an average of over 1,000 square feet per unit. Originally built in 1947, the units have been thoughtfully updated with tile flooring throughout and modern countertops, blending vintage charm with contemporary comforts. Each unit is individually metered for electricity and gas, ensuring that tenants are responsible for their own utility usage. Notably, there is no house meter, meaning all common area lighting is tenant-powered, further reducing operational costs. Trash removal is efficiently managed by the Department of Water and Power, included in each tenant's bill. The exterior of the property was freshly painted, and the roof was replaced in 2019, ensuring minimal maintenance for years to come. This property represents an ideal investment opportunity, offering steady income potential in a sought-after location. Don’t miss your chance to own this exceptional income property in North Hollywood!
Property Facts
Price | £1,735,800 | Building Class | C |
Price Per Unit | £247,971 | Lot Size | 0.31 AC |
Sale Type | Investment | Building Size | 7,234 SF |
Net Initial Yield | 5.82% | Average Occupancy | 100% |
Gross Rent Multiplier | 11 | Number of Floors | 2 |
No. Units | 7 | Year Built | 1947 |
Property Type | Residential | Parking Ratio | 1.8/1,000 SF |
Property Subtype | Apartment | Opportunity Zone |
Yes
|
Apartment Style | Low Rise |
Price | £1,735,800 |
Price Per Unit | £247,971 |
Sale Type | Investment |
Net Initial Yield | 5.82% |
Gross Rent Multiplier | 11 |
No. Units | 7 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.31 AC |
Building Size | 7,234 SF |
Average Occupancy | 100% |
Number of Floors | 2 |
Year Built | 1947 |
Parking Ratio | 1.8/1,000 SF |
Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
Site Amenities
- 24 Hour Access
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
2+1.5 | 6 | - | 850 |
4+1.5 | 1 | - | 1,666 |
Walk Score ®
Very Walkable (73)
PROPERTY TAXES
Parcel Number | 2317-014-010 | Improvements Assessment | £618,097 |
Land Assessment | £732,560 | Total Assessment | £1,350,657 |
PROPERTY TAXES
Parcel Number
2317-014-010
Land Assessment
£732,560
Improvements Assessment
£618,097
Total Assessment
£1,350,657
zoning
Zoning Code | RD2 (Restricted Density) |
RD2 (Restricted Density) |
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Presented by
Team Rock Properties
11964-11966 Runnymede St
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