11966 Runnymede Street

North Hollywood, CA 91605

$2,200,000
Price
16
Beds
14
Baths
7,234 Sq. Ft.
$304 / Sq. Ft.
7,234
Sq. Ft.
$304
per Sq. Ft.

Description

Introducing 11966 Runnymede St: A Prime Income Property in North Hollywood We are delighted to present the sale of 11966 Runnymede St, a remarkable 7-unit residential income property nestled in the vibrant heart of North Hollywood. This well-maintained property comprises six spacious townhomes, each offering 2 bedrooms and 1.5 bathrooms, along with a charming 4-bedroom front house. Strategically located just east of Laurel Canyon on Runnymede Street, this property boasts a generous gross building...Introducing 11966 Runnymede St: A Prime Income Property in North Hollywood We are delighted to present the sale of 11966 Runnymede St, a remarkable 7-unit residential income property nestled in the vibrant heart of North Hollywood. This well-maintained property comprises six spacious townhomes, each offering 2 bedrooms and 1.5 bathrooms, along with a charming 4-bedroom front house. Strategically located just east of Laurel Canyon on Runnymede Street, this property boasts a generous gross building area of 7,234 square feet, translating to an average of over 1,000 square feet per unit. Originally built in 1947, the units have been thoughtfully updated with tile flooring throughout and modern countertops, blending vintage charm with contemporary comforts. Each unit is individually metered for electricity and gas, ensuring that tenants are responsible for their own utility usage. Notably, there is no house meter, meaning all common area lighting is tenant-powered, further reducing operational costs. Trash removal is efficiently managed by the Department of Water and Power, included in each tenant's bill. The exterior of the property was freshly painted, and the roof was replaced in 2019, ensuring minimal maintenance for years to come. This property represents an ideal investment opportunity, offering steady income potential in a sought-after location. Don’t miss your chance to own this exceptional income property in North Hollywood!
  1. Listed by Jerry Armen • DRE #01269617 • Brokerage DRE #01890237 • Team Rock Properties • jerry@teamrockproperties.com

Property Details for 11966 Runnymede Street

Parking Spaces Total
14
Private Pool
No
Cooling Type
Central Forced Air, Wall/Window
Total Units
7.0
Lot Size Source
Assessor
Property Attached YN
true
Common Walls
2+ Common Walls, No One Above, No One Below
New Construction
No
LISTING UPDATED: 09/05/2024 01:42 AM

Property Details for 11966 Runnymede Street

StatusActive
MLS #GD24176837
Days on Market56
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.31 AC / 13,504 SF
CountyLos Angeles County

Building Information for 11966 Runnymede Street

Stories2Residences-Year Built1947Building Size-Lot Size0.31 AC / 13,504 SF

Property Information for 11966 Runnymede Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $186,780
  • Gross Scheduled Income: $186,780
  • Vacancy Allowance: 5603
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $181,177
  • Net Operating Income: $128,041
  • Other Income Description: Storage shed-1 out of 2 rented
  • Other Income 1: $1,884
  • Gross Multiplier: 11.0
  • Cap Rate: 5.82
Expense Details
  • Operating Expense: $122,676
  • New Taxes Expense: $27,647
  • Gardener Expense: $1,200
  • Fuel Expense: $0
  • Pest Control Expense: $1,140
  • Electric Expense: $0
  • Insurance Expense: $11,176
  • Maintenance Expense: $3,600
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $8,400
  • Total Expenses: $53,163
Tax / Assessment Info
  • Tax Tract Number: 11056
  • Tax Census Tract: 1224.10
  • CFD/Mello-Roos Fee: $1,428
  • Tax Lot: 5
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central
Exterior Features
  • Security Features: Automatic Gate
  • Security: Automatic Gate
  • Entry Location: 1
  • Pool Features: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 6-10 Units/Acre, Level, Walkstreet
  • Land Lease: No
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Uncovered Spaces: 12
  • Parking Features: Assigned, Garage, Gated
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,005
  • Unit Type Total Rent: $2,055
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,982
  • Unit Type Total Rent: $1,982
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,080
  • Unit Type Total Rent: $2,080
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,944
  • Unit Type Total Rent: $1,944
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,717
  • Unit Type Total Rent: $1,717
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,080
  • Unit Type Total Rent: $2,080
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,600
  • Unit Type Total Rent: $3,600
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 7
Unit Information
  • Number Of Units Leased: 7
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 2
  • Number Wall AC: 6

Property History for 11966 Runnymede Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11966 Runnymede Street

Taxable ValueLand$928,467Additions$783,393Total$1,711,860
Tax Record2024$21,965 ($1,830 / month)
Home Facts
Total Finished SqFt7,234 SqFtAbove Grade Finished SqFt7,234 SqFtLot Size13,499 SqFtStyleMulti-Family Res (5+ Units)Year Built1947ZoningLARD2CountyLOS ANGELESAPN2317-014-010

Schools near 11966 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 8
Rating
School
Distance
Julie Korenstein Elementary School
PublicK to 5

John H. Francis Polytechnic
Public9 to 12

ISANA Cardinal Academy
CharterK to 8

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.

Similar Homes

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11966 Runnymede Street is a multi-family home for sale in North Hollywood, CA 91605. This property was listed for sale on August 28, 2024 by Team Rock Properties, it's currently listed at $2,200,000. It has been on the market for a total of 56 days and was last sold on November 19, 2015. This listing's school district is Los Angeles Unified School District. Nearby schools include Julie Korenstein Elementary School, Sun Valley Engineering And Technology Magnet and John H. Francis Polytechnic. 11966 Runnymede Street is a 16-bed, 14-bath, 7,234 sqft multi-family home built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Team Rock Properties, Jerry Armen, DRE #01269617

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.