11731 Runnymede Street

North Hollywood, CA 91605

$2,395,000
Price
5
Beds
8
Baths
5,613 Sq. Ft.
$427 / Sq. Ft.
5,613
Sq. Ft.
$427
per Sq. Ft.

Description

Discover a prime investment opportunity in the heart of North Hollywood, just moments from the vibrant NOHO Arts District. This newer construction apartment complex is excluded from LA rent control and features 4 spacious apartments plus a BONUS 5th non-conforming unit ideal for short-term Airbnb rentals. Built in 2019, contemporary features include open floorplans, LVP flooring, quartz counters and stainless steel appliances. Large 2 and 3 bedroom unit mixes! Tenants enjoy the convenience of central...Discover a prime investment opportunity in the heart of North Hollywood, just moments from the vibrant NOHO Arts District. This newer construction apartment complex is excluded from LA rent control and features 4 spacious apartments plus a BONUS 5th non-conforming unit ideal for short-term Airbnb rentals. Built in 2019, contemporary features include open floorplans, LVP flooring, quartz counters and stainless steel appliances. Large 2 and 3 bedroom unit mixes! Tenants enjoy the convenience of central AC, in-unit laundry, and two covered parking spaces each. Located in an opportunity zone with easy access to freeways and amenities, this property presents a savvy investor with excellent rental upside and low operating costs. Huge upside on rents - plus, property qualifies for 1-4 unit financing - even though it has a 5th bonus non-conforming unit! Tenants pay for all utilities including electricity, gas and water. Inquire today for full details!
  1. Listed by Greg Foster • DRE #01800079 • Brokerage DRE #02125713 • Skymark Real Estate Group • 213-910-5060

Property Details for 11731 Runnymede Street

Parking Spaces Total
8
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5613
Property Attached YN
true
Common Walls
1 Common Wall

Location

Listing Courtesy of Skymark Real Estate Group, Greg Foster, DRE #01800079
Add your commute
LISTING UPDATED: 04/29/2024 08:09 AM

Property Details for 11731 Runnymede Street

StatusActive
MLS #PW24039517
Days on Market70
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2019
Lot Size0.16 AC / 6,770 SF
CountyLos Angeles County

Location

Listing Courtesy of Skymark Real Estate Group, Greg Foster, DRE #01800079
Add your commute

Virtual Tour

Building Information for 11731 Runnymede Street

Stories3Residences-Year Built2019Building Size-Lot Size0.16 AC / 6,770 SF

Payment Calculator

$15,510 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,070

Property Taxes

$2,440

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 11731 Runnymede Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $172,968
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $167,778
  • Net Operating Income: $120,800
  • Gross Multiplier: 13.84
  • Cap Rate: 5.04
Expense Details
  • Operating Expense: $46,978
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 6317
  • Tax Census Tract: 1224.10
  • CFD/Mello-Roos Fee: $771
  • Tax Lot: 3
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: Ground
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Near Public Transit
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 8
  • Parking: Yes
  • Parking Garage Spaces: 8
  • Carport Spaces: 0
  • Parking Features: Covered
Unit Information
Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,961
  • Unit Type Total Rent: $8,885
  • Unit Type Pro Forma: 12000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,529
  • Unit Type Total Rent: $2,529
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4

Property History for 11731 Runnymede Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11731 Runnymede Street

Taxable ValueLand$1,356,600Additions$1,020,000Total$2,376,600
Tax Record2023$29,276 ($2,440 / month)
Home Facts
Total Finished SqFt5,613 SqFtAbove Grade Finished SqFt5,613 SqFtLot Size6,768 SqFtStyleQuadraplexYear Built2019ZoningLARD1.5CountyLOS ANGELESAPN2317-010-006

Schools near 11731 Runnymede Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Julie Korenstein Elementary School
PublicK to 5

John H. Francis Polytechnic
Public9 to 12

ISANA Cardinal Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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11731 Runnymede Street is a multi-family home for sale in North Hollywood, CA 91605. This property was listed for sale on February 26, 2024 by Skymark Real Estate Group, it's currently listed at $2,395,000. It has been on the market for a total of 70 days and was last sold on October 22, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Julie Korenstein Elementary School, Sun Valley Engineering And Technology Magnet and John H. Francis Polytechnic. 11731 Runnymede Street is a 5-bed, 8-bath, 5,613 sqft multi-family home built in 2019.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Skymark Real Estate Group, Greg Foster, DRE #01800079

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.