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    12006 Runnymede Street

    North Hollywood, CA 91605
    • $2,850,000
    • STATUS: Pending
    • ON SITE: 43 days
    • ID#: 20597604
    Pending
    UPDATED: 230 min ago
    $2,850,000
    • 0
      BEDS
    • 0.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    15 units located in North Hollywood subject to City of LA Rent Control. Huge rental upside of over 50% to over an 7.5% CAP at market rents - many long term tenants. There is onsite laundry and the Owners have completed the soft story retrofit. The property features a total of 15 parking spaces. It has an onsite Laundry Room on a lease and is professionally managed. The property went through a big SCEP inspection in 2019 and the Owner spent over $50K in required repairs. The owner installed a new Elastomeric Roof in 2019 ($26K). Contact the Listing Agent for a Marketing Package with a Rent Roll.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-15T00:27:04.817. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

    www.sellinglasouthbay.com/homes/107447406
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    12006 Runnymede Street North Hollywood, CA 91605

    • Price: $2,850,000
    • Status: Pending
    • Updated: 230 min ago
    • ID#: 20597604
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.31
    Acres
    1964
    Built
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    15 units located in North Hollywood subject to City of LA Rent Control. Huge rental upside of over 50% to over an 7.5% CAP at market rents - many long term tenants. There is onsite laundry and the Owners have completed the soft story retrofit. The property features a total of 15 parking spaces. It has an onsite Laundry Room on a lease and is professionally managed. The property went through a big SCEP inspection in 2019 and the Owner spent over $50K in required repairs. The owner installed a new Elastomeric Roof in 2019 ($26K). Contact the Listing Agent for a Marketing Package with a Rent Roll.
    Exterior Features

    Lot Size Dimensions 50X270 Lot Size Units Square Feet Parking Features Carport Parking YN Yes Pool Features None Pool Private YN No Spa Features None Spa YN No

    Interior Features

    Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes Laundry Features Community

    Property Features

    Country Us Gross Income 207000.00 Gross Multiplier 13.80 Gross Operating Income 201000.00 Laundry YN Yes Net Operating Income 107000.00 Senior Community YN No Special Listing Conditions Standard Tenant Pays GasElectricity Total Expenses 100000.00 Zoning Lard2

    Listing provided courtesy of Jonathan Swire of The Agency


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-15T00:27:04.817. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

     
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    Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor
    28901 S. Western Avenue #139
    Rancho Palos Verdes CA, 90731