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Listed by Raymond Rodriguez • Equity Union
$ 1,945,000
Est. payment /mo
New
11966 Runnymede ST North Hollywood, CA 91605
0.31 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR25098155
Originating Board California Regional MLS
Year Built 1947
Lot Size 0.310 Acres
Property Description
We are proud to present Las Casitas - a well-performing, workforce housing investment located at 11966 Runnymede St. in the high-demand rental market of North Hollywood, CA. Positioned as a core cash-flow asset with remaining value-add upside, Las Casitas offers both immediate income and future growth potential. Priced to move at a compelling ~6.42% Cap Rate, this is a rare opportunity to acquire a strong-performing asset in a quality rental market at an attainable loan-to-value. The property spans ±7,234 SF of improvements on an expansive ±13,400 SF LARD2-zoned lot, consisting of: + A front house built in 1947 + Two apartment buildings constructed in 1964 Construction is wood frame and stucco exterior, with exterior paint completed in recent months. The front house has had several major upgrades in recent years, including: + Newer roof + Updated A/C + Newer water heater Most apartment units feature tile flooring for ease of maintenance, and nearly all have newer hot water heaters. The apartment building roof is approximately 10 years old and has been regularly maintained. Parking & Layout The property is well parked, with: + A 2-car garage attached to the front home + 4 tandem spaces + 3 single spaces = 13 total parking spaces Unit Mix, Amenitie
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Interior
Heating Central Forced Air
Laundry None
Exterior
Garage Spaces 13.0
Pool None
Building
Water District - Public
Others
Tax ID 2317014010
Special Listing Condition Not Applicable
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