$ 2,200,000
11966 Runnymede ST North Hollywood, CA 91605
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$ 2,200,000
Est. payment /mo
Active
11966 Runnymede ST North Hollywood, CA 91605
0.31 Acres Lot
UPDATED:
09/05/2024 03:43 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRGD24176837
Originating Board California Regional MLS
Year Built 1947
Lot Size 0.310 Acres
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 invest
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Interior
Heating Central Forced Air
Cooling Central AC, Window / Wall Unit
Laundry Laundry Area, Community Facility
Exterior
Garage Assigned Spaces, Garage, Gate / Door Opener
Garage Spaces 14.0
Pool None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 2317014010
Special Listing Condition Not Applicable
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Listed by Jerry Armen • Team Rock Properties