12035 Runnymede Street

North Hollywood, CA 91605

  • 1 Bed(s)
  • 1 Bath(s)
  • 848 Sqft
  • 15053
    Sqft(Lot)
$1,899,000

Description

12035 runnymede presents an exceptional opportunity for investors with a fully rti-approved 72-unit development spanning 37,800 sf on a 15,053 sf lot. ready for immediate construction, the project is 100% affordable housing, with the seller covering the plan permit costs. the four- story building features 66 one-bedroom units (average 437 sf) and 6 studio units (average 318 sf), designed to meet the growing demand for affordable housing in a high-density area. with an estimated minimum annual rental income of $1,854,120 (per schedule 6-hcd & schedule 1- hud), this project offers a strong return potential. residents will benefit from thoughtfully designed building amenities, including a 2,800 sf rooftop deck, a recreation room, laundry facilities, an office, and a bicycle room. designed to embrace the l.a. lifestyle, the project features rooftop spaces that capture breathtaking city lights and sunset views. strategically located just off laurel canyon blvd between sherman way & saticoy st, the property boasts a walk score of 73, offering convenient access to local amenities and public transportation. its central location, just blocks from the 170, 5, and 101 freeways, ensures seamless connectivity throughout los angeles. located in a densely populated area with over 36,000 residents within a one-mile radius, this project meets a critical housing need while providing an outstanding investment opportunity. whether you're a seasoned investor, a developer looking for your next project, or a buyer aiming to add high-demand rental units to your portfolio, this is an exceptional opportunity to capitalize on north hollywood's thriving rental market.

  • Property Type

    Residential

  • County

    Los Angeles

  • Style

    Residential

  • AD ID

    48449598

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Property Details

  • Bedroom Information

    • Total Bedrooms : 1

    Bathroom Information

    • Total Baths: 1
    • Full Baths: 1

    Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Fireplace: None

    Cooling Features

    • None
    • Air Conditioning

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1926

    Pool Features

    • None

    Laundry Features

    • Inside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.3456
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 15053

  • Listing Price Information

    • Original List Price: 1,899,000
    • Listing Contract Date: 2025-01-28

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 2317013004

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: NHO - North Hollywood
    • Postal Code Plus 4: 3124
    • Directions: on Runnymede
    • Zoning: LAC2
    • Source Property Type: Residential
    • Area: NHO - North Hollywood
    • Property SubType: Single Family Residence

    Building and Construction

    • Property Age: 99
    • Common Walls: No Common Walls
    • Property Condition: Fixer
    • Structure Type: Single Family Residence
    • Year Built Source: Public Records
    • Total Square Feet Living: 848
    • Entry Level: 1
    • Entry Location: 1
    • Levels or Stories: One
    • Building Total Stories: 1
    • Structure Type: House
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BuyOwner last updated this listing 02/22/2025 @ 10:59

  • MLS: SR25020768
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 1 bedrooms which is for sale, it has 848 sqft, 15,053 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 91605, this Los Angeles County Home are nearby neighborhoods.