The LAAA Team of Marcus & Millichap is proud to present these 4 units located at 11731 Runnymede St in North Hollywood, California. This brand-new multifamily building sits on 6,767 square feet of land with 6,641 square feet of rentable area and consists of all 3-bedroom units with in-unit washer/dryer and spacious floor plans.

The building is in the final stages of city inspections and is expected to have Certificate of Occupancy soon. Because this property is in an opportunity zone, a buyer could close escrow before Certificate of Occupancy and inherit all the tax benefits that come with opportunity zone developments.

For an unbeatable price of $2,200,000, an investor can realistically expect a projected 5.54% CAP Rate! With today's low interest rates, an investor is projected to achieve a 7% cash-on-cash return with a down payment of $550,000. Furthermore, since this offering is 4 units, an investor can take advantage of residential financing, fixed for 30 years!

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 very dense rental pocket of North Hollywood.