$2,395,000
11731 Runnymede Street, North Hollywood 91605
5
Beds
4
Baths
6,770
Lot Size
4
# Of Units
Listing Agent
Greg Foster - Skymark Real Estate GroupDiscover 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!
Facts & Features
| MLS® # | PW24039517 |
|---|---|
| Price | $2,395,000 |
| Bedrooms | 5 |
| Bathrooms | 4.00 |
| Lot Size | 6,770 |
| Year Built | 2019 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
| # Of Units | 4 |
Community Information
| Address | 11731 Runnymede Street |
|---|---|
| Area | NHO - North Hollywood |
| City | North Hollywood |
| County | Los Angeles |
| Zip Code | 91605 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Parking | Covered |
| # of Garages | 8 |
| Garages | Covered |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 3 |
| Stories | Three Or More |
Exterior
| Lot Description | Near Public Transit |
|---|
Additional Information
| Date Listed | February 26th, 2024 |
|---|---|
| Days on Market | 82 |
| Zoning | LARD1.5 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Greg Foster |
|---|---|
| Office | Skymark Real Estate Group |