11744 Runnymede Street
North Hollywood, CA 91605
- – beds
- – baths
- – sqft
- ~1 acre lot
- 1970 build
- – on site
Runnymede Holiday Apartments presents opportunity to acquire a desirable garden style 40 unit complex consisting of open grounds and attractive low-maintenance construction consisting of an ideal (12) 1 bedroom / 1 bath units, (20) 2 Bedroom / 1 bath units, and (8) 3 bedroom / 2 bath units. The property does not possesses any decks, tuck-under parking, or exterior catwalks, thereby removing large capital expenditure items for long-term operations. The grounds consist of mature vegetation, open walkways, a picnic and playground area, a large onsite laundry facility, and fully gated grounds and parking. The property possesses significant income and equity growth potential with an in-place 4.45% cap rate and a 8.5% proforma cap rate on a proven loss to lease rent roll. Select units are renovated with proven renovated proforma rents. Runnymede Holiday Apartments is well located in the vibrant neighborhood of North Hollywood. Known for its artistic flair, diverse community, and convenient access to urban amenities, North Hollywood offers an enticing blend of entertainment, culture, and lifestyle opportunities. The property is located with quick access to Highway 170, The Burbank Airport, Iconic Noho Arts District, and various retail shops/centers in the immediate surrounding area. On a granular 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.
Last checked:
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Last updated Jul 2, 2024
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MLS# PTP2402516 —
The Building
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Year Built:1970
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Entry Level:1
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Common Walls:2+ Common Walls
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Building Area Total:36408.00
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# of Buildings:4
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Total Number Of Units:40
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Stories Total:2
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# of Separate Gas Meters:41
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# of Separate Water Meters:1
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# of Separate Electric Meters:41
Interior
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Entry Location:street
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Fireplace:No
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Laundry:Common Area
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Laundry:1
Location
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Directions:GPS
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Latitude:34.20524900
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Longitude:-118.38964100
The Property
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Property Type:Residential Income
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Zoning:Multifamily
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Lot Features:36-40 Units/Acre
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Lot Size Area:1.3700
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Lot Size Acres:1.3700
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Lot Size SqFt:59677.20
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Lot Size Source:Public Records
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Fence:No
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Property Attached:1
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:2317
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Tax Lot:2317-017-020
The Listing
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Buyer's Brokerage Compensation:1.500%
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Special Listing Conditions:Standard
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Buyer's Brokerage Compensation:$1.50
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Parcel Number:2317017020
Heating & Cooling
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Cooling:No
Utilities
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Sewer:Public Sewer
Appliances
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Included:No
The Community
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Senior Community:No
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Neighborhood:hollywood
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Features:Curbs
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Pool:None
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Private Pool:No
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Association:No
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Assessments:Yes
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Assessments:Unknown
Parking
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Parking:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/2/24
Jul 2, 2024
|
Price Changed | CRMLS_CA | $9,499,000 | -0.0% |
5/2/24
May 2, 2024
|
Listed / Active | CRMLS_CA | $9,500,000 |