11744 Runnymede Street

North Hollywood, CA 91065

  • 0 Bed(s)
  • 0 Bath(s)
  • 36,408 Sqft
  • 59677.2
    Sqft(Lot)
$8,749,999

Description

Runnymede holiday apartments presents opportunity to acquire a desirable garden style 40-unit complex consisting of open, low-density grounds and attractive low-maintenance construction consisting of an ideal (12) 1 bedroom / 1 bath units at 650 sqft, (20) 2 bedroom / 1 bath units at 950 sqft, and (8) 3 bedroom / 2 bath units at 1200 sqft. the property does not possess any decks, tuck-under parking, or exterior catwalks, thereby removing large capital expenditure items for long-term operations. current gsi: $791,876 full market gsi: $1,257,990 in-place noi: $482,331 proforma noi: $870,257 the grounds consist of mature vegetation, open walkways, a picnic and playground area, a large onsite laundry facility, and fully gated grounds and parking. vegetation within the complex consists of mature roses, eucalyptus trees, succulents, and hibiscus trees, providing a pleasant atmosphere for tenants to help boost the ultimate rent potential and reduce turnover. renovations: roughly 18-20 units are partially renovated including: new flooring, refinished cabinets & hardware, new countertops, new appliances, new bathroom shower tub enclosures and paint throughout. 3-4 units at the property are fully renovated, which includes all items of the partially renovated units plus new shaker cabinets and new bathroom vanity(s). ownership has been able to achieve rents north of $2,000 for the 1 bedrooms and north of $2570+ for the 2 bedrooms. on a granular location basis, the asset parcel is well located between a beautiful nursery and low-density multifamily complex within 0.1 miles of two new construction institutional grade multifamily complexes showcasing a bullish microeconomic drive in the immediate pocket

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    46825502

Sell a home like this and save $524,501 Find Out How

Statistics Bottom Ads 1
Google Ads

Property Details

  • Bathroom Information

    • Total Baths: 0

    Water/Sewer

    • Sewer : Public Sewer

    Cooling Features

    • Air Conditioning

    Heating Source

    • Has Heating

    Fireplace

    • Has Fireplace: 0

  • Building Information

    • Year Built: 1970
    • Building Area Total: 36,408

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 1.37
    • Lot Size Source: Public Records
    • Lot Size Square Feet: 59677.2

  • Listing Price Information

    • Original List Price: 8,749,999
    • Listing Contract Date: 2024-08-29

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 2317017020

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active Under Contract
    • Source Neighborhood: NHO - North Hollywood
    • Directions: GPS
    • Zoning: Multifamily
    • Source Property Type: Residential Income
    • Area: NHO - North Hollywood

    Building and Construction

    • Property Age: 54
    • Common Walls: 2+ Common Walls
    • Year Built Source: Vendor Enhanced
    • Entry Level: 1
    • Entry Location: street
    • Property Attached: Yes
Statistics Bottom Ads 2
Google Ads
Sidebar Ads 1
Google Sidebar Ads
Learn More about this Property
Message allows only 500 character
Sidebar Ads 2
Google Sidebar Ads
Sidebar Ads 2
Google Sidebar Ads

Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

BuyOwner last updated this listing 11/22/2024 @ 00:46

  • MLS: PTP2405347
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 36,408 sqft, 59,677 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of North Hollywood , in zip code 91065, this Los Angeles County Home are nearby neighborhoods.