12000 RUNNYMEDE ST

NORTH HOLLYWOOD, CA, 91605

$2,450,000

$394 per ft²
$2,450,000
$394 per ft²
Active
Active
 - For Sale
beds
14 Beds
baths
9 Baths
carpenters-square
6,217 ft²
property_type
Multi-family
calendar
Built 2020
We are proud to present 12000 Runnymede Street, a unique opportunity where the front house, built in 1931, has been completely gutted and renovated in 2020. Furthermore, the seller just finished construction on an additional three units, built in 2020, just behind the original house, making this property completely turn-key.12000 Runnymede is made up of a fully renovated, 1,945 Sq.Ft. 2-story 5-bed / 3-bath house and three brand new 1,424 Sq.Ft. 3-story 3-bed / 2-bath, side-by-side town-home style units with a private 2 car garage, in-unit washer/dryer and spacious floor plans.For an unbeatable price of $2,450,000, an investor can realistically expect a 5.29% Cap Rate! With today's low interest rates, an investor is projected to achieve more than a 5.58% cash-on-cash return with a down payment of$490,000. Furthermore, since this offering is four units, an investor can take advantage of residential financing, fixed for up to 30 years!Also notable is the fact that this property is in a California Opportunity Zone, which means the immediate area is expected to be gentrifying greatly in the near future.This offering is ideal for the buyer who wants a pride of ownership, brand new construction property with very little maintenance or expenses, in a dense rental pocket of North Hollywood.
MLS® ID:
22-134259
Updated:
6/29/22
Coldwell Banker Realty
Barry Dantagnan

Interior Features

Total Bedrooms
14
Total Bathrooms
9
Cooling
Other
Heating
Other

Exterior/Building Features

Lot Size
8,048 ft² lot

Other Property Details

Garage
No
Parking
Converted Garage
Parking Total
8.0
View
N
County
Los Angeles
Pool
No
Total Stories
1
Zoning
LARD2

 

Courtesy of Filip Niculete, Marcus & Millichap

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Barry Dantagnan shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 6/29/22

Coldwell Banker Realty
Barry Dantagnan
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