12035 Runnymede Street
North Hollywood, CA 91605
- 1 bed
- 1 bath
- 848 sqft
- 15,053 sqft lot
- $2,340 per sqft
- 1926 build
- – on site
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.
Last checked:
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Last updated Jan 30, 2025
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MLS# SR25020768 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1926
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Year Built Source:Public Records
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New Construction:No
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Total Number Of Units:1
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Structure Type:House
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Stories Total:1
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Entry Level:1
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Common Walls:No Common Walls
Interior
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Levels:One
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Entry Location:1
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Room Type:Kitchen
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Living Area Units:Square Feet
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Living Area Source:Assessor
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Fireplace:No
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Fireplace:None
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Laundry:Inside
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Laundry:1
Room Dimensions
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Living Area:848.00
Location
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Directions:on Runnymede
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Latitude:34.20623700
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Longitude:-118.39570400
The Property
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Property Type:Residential
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Subtype:Single Family Residence
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Property Condition:Fixer
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Zoning:LAC2
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Lot Features:Lot 10000-19999 Sqft
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Lot Size Area:15053.0000
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Lot Size Acres:0.3456
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Lot Size SqFt:15053.00
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Lot Size Source:Assessor
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View:1
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View:Neighborhood
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Additional Parcels:No
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Land Lease:No
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Lease Considered:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:1224.10
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Tax Tract:6381
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Tax Lot:5
Beds
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Total Bedrooms:1
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Main Level Bedrooms:1
Baths
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Total Baths:1
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Full & Three Quarter Baths:1
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Main Level Baths:1
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Full Baths:1
The Listing
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Special Listing Conditions:Standard
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Parcel Number:2317013004
Heating & Cooling
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Cooling:No
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Cooling:None
Utilities
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:None
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Included:No
Schools
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High School District:Los Angeles Unified
The Community
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Features:Sidewalks, Storm Drains, Street Lights
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:Yes
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Assessments:Unknown
Monthly cost estimate
Asking price
$1,985,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$10,629
|
| Taxes | N/A |
| Insurance | $545 |
| Utilities | $121 See report |
| Total | $11,295/mo.* |
| *This is an estimate |
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).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/28/25
Jan 28, 2025
|
Listed / Active | CRMLS_CA | $1,985,000 | |
|
12/6/24
Dec 6, 2024
|
Price Changed | BRIDGE | ||
|
11/16/24
Nov 16, 2024
|
Listed / Active | BRIDGE |
