$9,499,000
- Beds
- 6
- sq ft
- Unknown
11744 Runnymede St, North Hollywood, CA 91605
11744 Runnymede St
North Hollywood, CA 91605
- 440 days on market
- Price drop $1,000↓
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.
Details
Property type
Lot size
1.37 acres
Price per sq ft
Unknown
Year built
Unknown
Price History
07/03/2024
![SanDiego](/_next/static/media/sanDiegoLogo.387eb7a6.png)
SanDiego #PTP2402516
Price change
$9,499,000
-0.01%
04/20/2023
![SanDiego](/_next/static/media/sanDiegoLogo.387eb7a6.png)
SanDiego #PTP2402516
Listed
$9,500,000
Schools & Community
Neighborhood:
Sun Valley
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 07/03/2024 at 8:05 AM
Listing updated: 07/03/2024 at 4:23 AM
Listed by: Maxwell R Brown, Phone #: (858) 360-3000
MLS: SanDiego #PTP2402516
![SanDiego logo](/_next/static/media/sanDiegoLogo.387eb7a6.png)
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