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North Hollywood, CA 91605 11731 Runnymede Street

$2,395,000

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Presented By: Greg Foster with Skymark Real Estate Group; 213-910-5060
  • MLS# PW24039517
  • 02/26/2024
  • Request Tour
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  • BedBeds • 9
  • BathBaths • 2
  • FootageSQFT • 5,613
  • GarageGarage • 8

Home Details

Discover a prime investment opportunity in the heart of North Hollywood, just moments from the vibrant NOHO Arts District. This newer construction apartment complex is excluded from LA rent control and features 4 spacious apartments plus a BONUS 5th non-conforming unit ideal for short-term Airbnb rentals. Built in 2019, contemporary features include open floorplans, LVP flooring, quartz counters and stainless steel appliances. Large 2 and 3 bedroom unit mixes! Tenants enjoy the convenience of central AC, in-unit laundry, and two covered parking spaces each. Located in an opportunity zone with easy access to freeways and amenities, this property presents a savvy investor with excellent rental upside and low operating costs. Huge upside on rents - plus, property qualifies for 1-4 unit financing - even though it has a 5th bonus non-conforming unit! Tenants pay for all utilities including electricity, gas and water. Inquire today for full details!
Presented By: Greg Foster with Skymark Real Estate Group; 213-910-5060

Interior Features for 11731 Runnymede Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Street SuffixStreet
Total Stories3

Other Rooms

Entry Level1

General for 11731 Runnymede Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.04
Carport Y/NNo
CityNorth Hollywood
Community FeaturesSidewalks
CountyLos Angeles
Days on Market63
DirectionsFrom 170 FWY, take Sherman Way to Lankershim Blvd - head North on Lankershim, left on Runnymede.
Electric Expense0.0
Entry LocationGround
Fuel Expense0.0
Garage Spaces8.0
Garage Y/NYes
Gross Income0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Listing TermsCashtoNewLoan
Lot Size Square Feet6770.0
MLS AreaNHO - North Hollywood
MobileHomeRemainsYNNo
Net Operating Income120800.0
New ConstructionYes
Operating Expense46978.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameRunnymede
Tax Lot3
Tenant PaysCableTV, Electricity, Gas
Total Units4
Trash Expense0.0
View Y/NNo
Virtual TourClick here
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built2019
Year Built SourceAssessor
ZoningLARD1.5

Exterior for 11731 Runnymede Street

Building Area Total5613.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesNearPublicTransit
Lot Size Acres0.1554
Lot Size Area6770.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters4
Open Parking Y/NNo
Parking FeaturesCovered
SpaNo
Total Parking8.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,395,000
MLS#PW24039517
List Date 02/26/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors