Active
11966 Runnymede Street
North Hollywood CA, 91605
$2,200,000
$304.12 per sqft
Active
7,234 sqft
Condos
Built in 1947
Listed by Jerry Armen with Team Rock Properties [email protected]
**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!
GD24176837
MLSⓇ ID
August 28, 2024
Listed
November 22, 2024
Updated
Map
11966 Runnymede Street
North Hollywood CA, 91605
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Wall/Window Unit(s)
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.31 Acres
Lot Features
6-10 Units/Acre, Level, Walkstreet
Sewer
Public Sewer
Other Property Details
Area Name
NHO - North Hollywood
Days on Market
8
Garage
Yes
Garage Spaces
2
Parking
Assigned, Garage, Gated
Parking Total
14
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LARD2
Listing Contact: 818-241-1100
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/22/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 11/22/2024 at 6:18 PM UTC