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    12000 Runnymede St

    North Hollywood, CA 91605
    • $2,150,000
    • STATUS: Active
    • ON SITE: 21 days
    • ID#: 20-657758
    UPDATED: 22 min ago
    $2,150,000
    • 14
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,217
      SQFT
    • $346
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2020
    County:

    School Ratings & Info

    Description

    We are proud to present 12000 Runnymede Street, a very 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 3 units, built in 2020, just behind the original house, making this property completely turn-key for the buyer to enjoy.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 $2,150,000, an investor can realistically expect a projected 6.6% cap rate! With today's low interest rates, an investor is projected to achieve more than a 10% cash-on-cash return with a down payment of $430,000.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-01T06:43:15.98. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/111741896
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    12000 Runnymede St North Hollywood, CA 91605

    • Price: $2,150,000
    • Status: Active
    • Updated: 22 min ago
    • ID#: 20-657758
    14
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    6,217
    SQFT
    $346
    $/SQFT
    2020
    Built
    Neighborhood:
    North Hollywood
    County:
    Los Angeles
    Area:
    North Hollywood
    Property Description
    We are proud to present 12000 Runnymede Street, a very 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 3 units, built in 2020, just behind the original house, making this property completely turn-key for the buyer to enjoy.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 $2,150,000, an investor can realistically expect a projected 6.6% cap rate! With today's low interest rates, an investor is projected to achieve more than a 10% cash-on-cash return with a down payment of $430,000.
    Exterior Features

    Covered Parking 6 Exterior Construction Hard Coat Garage Structures Total 3 Lot Size Area 8048 Other Structures Other Parking Garage Garage Is AttachedGarage - 2 CarGarageAssigned Paved YN Yes Pool Description None Pool YN No Roof Asphalt Spa None Spa YN No Style A-Frame Tennis Court None Total Parking 8 Water Frontage None

    Interior Features

    Baths Total 9.00 Common Walls Attached Cooling Air Conditioning Equipment Other Foundation Details Slab Heating Central Water Heater Features Gas Windows Double Pane Windows

    Property Features

    ADACompliance Yes Alley YN No Gross Income 169800 Gross Operating Income 164706 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 129715.00 Number Of Buildings 1 Number Of Units 4 Property Condition New Construction Sale Type Standard Security Features None Sewer In Street Source Living Area Appraiser Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 34991 TVServices Cable Tv Type Of Units Standard Water Water District Water Heaters YN Yes Year Built Source Appraiser Zoning Lard2

    Listing provided courtesy of Filip Niculete DRE#01905352 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-01T06:43:15.98. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211