Listed by jerry@teamrockproperties.com - Jerry Armen - DRE #01269617 - Team Rock Properties 818-241-1100
$2,200,000 affordable loan icon Calculate Payment

11966 Runnymede Street North Hollywood, CA 91605

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Apartment Residence
Beds
Baths
7,234 Sq. Ft.
0.31 Acre Lot

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Last updated on 9/27/2024 2:21 PM
**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! Continue reading
MLS#
GD24176837
Property Type
Apartment
Status
Year Built
1947
Square Feet
7,234 sq. ft
Lot Size
0.31
Stories
2.0
Sewer
Public Sewer

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Listed by jerry@teamrockproperties.com - Jerry Armen - DRE #01269617 - Team Rock Properties 818-241-1100
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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This content last refreshed on 9/27/2024 2:21 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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