12035 Runnymede Street

12035 Runnymede Street

North Hollywood, CA 91605

$3,950,000
Price
15,048 / 0.35
Lot Size / Acres
a front view of a building with glass windows
a view of a brick building with many windows
a view of a blue building
a view of parking

Description

The development will be delivered 76 units RTI fully entitled, 66 1's, 6 studios, 1 Bed ADU and 3 single ADUs, with 4 story stack construction and is located in an opportunity zone. Most recently LADWP has approved service. The permit fees will be paid by the Buyer. The property is entitled with no parking. There are no off site requirements, no school fees (save $200,000), no linkages, and no relocation fees. Due diligence includes, Blueprints and plans, HACLA guidance, GC bids, Soils reports, Developers...The development will be delivered 76 units RTI fully entitled, 66 1's, 6 studios, 1 Bed ADU and 3 single ADUs, with 4 story stack construction and is located in an opportunity zone. Most recently LADWP has approved service. The permit fees will be paid by the Buyer. The property is entitled with no parking. There are no off site requirements, no school fees (save $200,000), no linkages, and no relocation fees. Due diligence includes, Blueprints and plans, HACLA guidance, GC bids, Soils reports, Developers Proforma analysis, Brokers Development analysis, Methane report, Letter of Determination, Preliminary Zoning Assessment from City with approval for 76 units, and the Prelim. Understanding the orientation of the land is critical as the overhead power lines run away from the development site and there are fully occupied apartments nearby which are much closer to these overhead lines. The total yearly forecasted rent is $2.05 mil per yr. on an estimated projected cost basis of $15 mil including the land and entitlement and hard and soft construction costs.
  1. Listed by Michael R. Fukushima • DRE #01380445 • Brokerage DRE #01364089 • Keller Williams Downtown LA
  2. Listed by Stephen F. Watson • DRE #01187813 • Brokerage DRE #01364089 • Keller Williams Downtown LA

Property Details for 12035 Runnymede Street

Zoning
LAC2
Cross Streets
Laurel Canyon Blvd
Parcel Number
2317013004
Area
North Hollywood (NHO)
Lot Size Area
15048
Source Lot Size Area
Other
Potential Usage
76 unit RTI development. 100% affordable for 62+ aged seniors.
Assessor Parcel Number
2317-013-004

Location

Listing Courtesy of Keller Williams Downtown LA, Michael R. Fukushima, DRE #01380445; Keller Williams Downtown LA, Stephen F. Watson, DRE #01187813
Add your commute
LISTING UPDATED: 04/24/2024 12:02 PM

Property Details for 12035 Runnymede Street

StatusActive
MLS #24-375373
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.35 AC
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Downtown LA, Michael R. Fukushima, DRE #01380445; Keller Williams Downtown LA, Stephen F. Watson, DRE #01187813
Add your commute

Building Information for 12035 Runnymede Street

Lot Size0.35 AC

Payment Calculator

$22,250 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,557

Property Taxes

$693

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 12035 Runnymede Street

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Special Zoning: None
  • Additional Parcel Number: No
  • Lot Acreage: 0.3456
  • Lot Size Square Feet: 15048
  • Telephone: 1.0
  • Cable: 1.0
  • Public Street: Yes
  • Reports On File: Soils Report, Plans, Survey, Geological Report
  • Site Decription: Flats
  • Survey: Survey Done
  • Topography: Flat
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 04-02-2024

Property History for 12035 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 12035 Runnymede Street

Taxable ValueLand$458,816Additions$196,635Total$655,451
Tax Record2023$8,320 ($693 / month)
Home Facts
Beds1Total Finished SqFt848 SqFtAbove Grade Finished SqFt848 SqFtLot Size15,048 SqFtStyleSingle Family ResidenceYear Built1926ZoningLAC2CountyLOS ANGELESAPN2317-013-004

Schools near 12035 Runnymede Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Julie Korenstein Elementary School
Public - K to 5
Sun Valley Engineering And Technology Magnet
Public - 6 to 12
John H. Francis Polytechnic
Public - 9 to 12
Richland Avenue Elementary School
Public - K to 5
Rating
School
Distance
Julie Korenstein Elementary School
PublicK to 5

Sun Valley Engineering And Technology Magnet
Public6 to 12

John H. Francis Polytechnic
Public9 to 12

Richland Avenue Elementary School
PublicK 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near North Hollywood

Neighborhoods

Cities

ZIPs

More information about 12035 Runnymede Street, North Hollywood, CA 91605

12035 Runnymede Street is a 0.35 ac of land for sale in North Hollywood, CA 91605. This property was listed for sale on April 2, 2024 by Keller Williams Downtown LA, it's currently listed at $3,950,000. It has been on the market for a total of 13 days and was last sold on April 16, 2019. 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. 12035 Runnymede Street is a 0-bed, 0-bath, 0.35 ac of land on a 15,048 sq. ft. / 0.35 acres lot.

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 Keller Williams Downtown LA, Michael R. Fukushima, DRE #01380445; Keller Williams Downtown LA, Stephen F. Watson, DRE #01187813

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.