11966 Runnymede Street, North Hollywood, CA 91605
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- MLS#: GD24176837 ( Apartment )
- Street Address: 11966 Runnymede Street
- Viewed: 7
- Price: $1,995,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1947
- Bldg sqft: 0
- Days On Market: 123
- Additional Information
- County: LOS ANGELES
- City: North Hollywood
- Zipcode: 91605
- Provided by: Team Rock Properties
- Contact: Jerry Jerry
- DMCA Notice
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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 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. Dont miss your chance to own this exceptional income property in North Hollywood!
Property Location and Similar Properties
Features
Association Fee
- 0.00
Building Area Total
- 7234.00
Commoninterest
- Condominium
Common Walls
- 2+ Common Walls
- No One Above
- No One Below
Cooling
- Central Air
- Wall/Window Unit(s)
Country
- US
Days On Market
- 114
Electric Expense
- 0.00
Fuel Expense
- 0.00
Garage Spaces
- 2.00
Gardner Expense
- 1200.00
Heating
- Central
Insurance Expense
- 11176.00
Laundry Features
- Common Area
- Community
Levels
- Two
Lockboxtype
- None
Lot Features
- 6-10 Units/Acre
- Level
- Walkstreet
Netoperatingincome
- 128041.00
Newtaxesexpense
- 27647.00
Otherincome1
- 1884.00
Otherincomedescription
- Storage shed-1 out of 2 rented
Parcel Number
- 2317014010
Parking Features
- Assigned
- Garage
- Gated
Pest Control Expense
- 1140.00
Pool Features
- None
Postalcodeplus4
- 3185
Professionalmanagementexpense
- 0.00
Property Type
- Apartment
Security Features
- Automatic Gate
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 421850697:CRM
Tenant Pays
- Cable TV
- Electricity
- Gas
Totalactualrent
- 184896.00
Totalexpenses
- 53163.00
Trash Expense
- 0.00
Uncovered Spaces
- 12.00
Vacancyallowance
- 5603
Water Sewer Expense
- 8400.00
Water Source
- Public
Year Built
- 1947
Year Built Source
- Assessor
Zoning
- LARD2