Homes for sale - 11966 Runnymede ST, North Hollywood, CA 91605

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Raymond Rodriguez • Equity Union

$1,945,000

Est. payment - /mo

0.31 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSR25098155

Originating Board California Regional MLS

Year Built 1947

Lot Size 0.310 Acres

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 and stucco, 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 Potent

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Interior

Heating Central Forced Air

Laundry None

Exterior

Garage Spaces 13.0

Pool None

Building

Water District - Public

Others

Tax ID 2317014010

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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11966 Runnymede ST North Hollywood, CA 91605

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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