11744 Runnymede Street
11744 Runnymede Street
$9,500,000
6
48
36,408
36,408
$261
Description
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,...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.
Property Details for 11744 Runnymede Street
Parking Spaces Total
0
Private PoolNo
Total Units40.0
Building TypeAttached
Lot Size SourcePublic Records
Living Area36408
Assessor Parcel Number2317-017-020
Property Attached YNtrue
Location
LISTING UPDATED: 05/07/2024 07:25 AM
Property Details for 11744 Runnymede Street
Status | Active |
---|---|
MLS # | PTP2402516 |
Days on Market | 18 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1970 |
Lot Size | 1.37 AC / 59,677 SF |
County | Los Angeles County |
Location
Building Information for 11744 Runnymede Street
Stories2Residences-Year Built1970Building Size-Lot Size1.37 AC / 59,677 SF
Payment Calculator
$57,826 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 11744 Runnymede Street
Property History for 11744 Runnymede Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 11744 Runnymede Street
Taxable ValueLand$3,816,933Additions$1,732,448Total$5,549,381
Tax Record2023$71,769 ($5,981 / month)
Home Facts
Total Finished SqFt36,408 SqFtAbove Grade Finished SqFt36,408 SqFtLot Size59,521 SqFtStyleMulti-Family Res (5+ Units)Year Built1970ZoningLAR3CountyLOS ANGELESAPN2317-017-020
Schools near 11744 Runnymede Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 12 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Julie Korenstein Elementary School PublicK to 5 | ||
Sun Valley Engineering And Technology Magnet Public6 to 12 | ||
John H. Francis Polytechnic Public9 to 12 | ||
ISANA Cardinal Academy CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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