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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!

Attachments

MLS ANALYSIS

Property Facts

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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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)
  • Listing ID: 33314249

  • Date on Market: 26/09/2024

  • Last Updated:

  • Address: 11964-11966 Runnymede St, North Hollywood, CA 91605

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