CA > North Hollywood (los Angeles)
North Hollywood (los Angeles), CA 91605,11966 Runnymede Street
North Hollywood (los Angeles), CA 91605,11966 Runnymede Street,Video Tour
North Hollywood (los Angeles), CA 91605,11966 Runnymede Street
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Listed by Raymond Rodriguez • Equity Union
$1,945,000
Est. payment /mo
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7,234 SqFt
Pending

11966 Runnymede Street North Hollywood (los Angeles), CA 91605

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Vivian Chen

Vivian Chen

+1(415) 350-8864

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 7,234 sqft

Price per Sqft $268

MLS Listing ID CRSR25098155

HOA Y/N No

Year Built 1947

Lot Size 0.310 Acres

Property Sub-Type Other

Source Datashare California Regional

Property Description

We are proud to present Las Casitas — a well-performing, workforce housing investment located at 11966 Runnymede St. in the high-demand rental market of North Hollywood, CA. Positioned as a core cash-flow asset with remaining value-add upside, Las Casitas offers both immediate income and future growth potential. Priced to move at a compelling ~6.42% Cap Rate, this is a rare opportunity to acquire a strong-performing asset in a quality rental market at an attainable loan-to-value. The property spans ±7,234 SF of improvements on an expansive ±13,400 SF LARD2-zoned lot, consisting of: + A front house built in 1947 + Two apartment buildings constructed in 1964 Construction is wood frame and stucco exterior, with exterior paint completed in recent months. The front house has had several major upgrades in recent years, including: + Newer roof + Updated A/C + Newer water heater Most apartment units feature tile flooring for ease of maintenance, and nearly all have newer hot water heaters. The apartment building roof is approximately 10 years old and has been regularly maintained. Parking & Layout The property is well parked, with: + A 2-car garage attached to the front home + 4 tandem spaces + 3 single spaces = 13 total parking spaces Unit Mix, Amenities & Upside Potential + 6 (2+1.

Location

State CA

County Los Angeles

Interior

Heating Other

Fireplace No

Laundry No Hookups

Bay East AOR and Contra Costa AOR
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Vivian Chen

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+1(415) 350-8864

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11966 Runnymede Street

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