11966 Runnymede Street
North Hollywood, CA 91605
0.31 acres | #GD24176837
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!
Property Details
- Lot DescriptionItem610UnitsAcre, Level, Walkstreet
- Stories2
Measurements
- Acres0.31
Parking
- Parking Spaces2
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1947
Utilities / Energy Details
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$2,200,000
Other
- MLS #GD24176837
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Jerry Armen (#G80604)
Listing Office: Team Rock Properties (#G7793)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
