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11966 Runnymede Street

North Hollywood, CA 91605

$2,200,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1947

calendar_month Built

Property 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. Don’t miss your chance to own this exceptional income property in North Hollywood!

Listing Information

List Price $2,200,000
Status Active
MLS GD24176837
HOA $0
Type Residential Income
Subtype Apartment
Year Built 1947
Lot Size 13,504
Structure Size N/A
DOM 8
Courtesy Of Team Rock Properties
Listing Agent Jerry Armen DRE#01269617

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Cooling Type
Cooling Type Central Air, Wall/Window Unit(s)

Exterior Information

Maps

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Listing information courtesy of: Jerry Armen, Team Rock Properties . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:25 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.