12000 Runnymede St

north hollywood, ca

 
 
 
 
 

4

UNITS

$353.87

PRICE/SQ FT

$550,000

PRICE/UNIT

6.35%

CAP

12.18

GRM

6.35%

PRO FORMA

12.18

PRO FORMA
 

The LA Apartment Advisors 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 ne1,424 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 $2,200,000, an investor can realistically expect a projected 6.34% 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 $440,000. Furthermore, since this offering is 4 units, an investor can take advantage of residential financing, fixed for up to 30 years!

Also notable is the fact that this property is in a California Opportunity Zone, which means the immediate area is expected to be gentrifying greatly in the near future.

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.

 
 
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Glen Scher

Vice President

O: (818) 212-2808

M: (818) 667-6683

Email Now

Filip-Niculete.png

Filip Niculete

Vice President

O: (818) 212-2748

M: (818) 577-9893

Email Now