UPDATED:
12/19/2024 08:23 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD24176837
HOA Y/N No
Year Built 1947
Lot Size 0.310 Acres
Property Description
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!
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LARD2
Interior
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned, Garage, Gated
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Sidewalks
Total Parking Spaces 14
Private Pool No
Building
Lot Description 6-10 Units/Acre, Level, Walkstreet
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2317014010
Security Features Security Gate
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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