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12035 Runnymede Street

North Hollywood, CA 91605
  • $2,800,000
  • STATUS: Active
  • ON SITE: 20 Days
  • ID#: 24464389
Price Reduced
$2,800,000
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Amir Lashgari of KW Advisors (310-482-2200)


Description

PRICE: $2,800,000: 72 Units - $38,888 per Buildable, or $36,842 Per Buildable for 76 Units!!Runnymede offers an investor a 72 Unit RTI project, 37,800 SF building on15,048 SF of land, which is ready to build (RTI) with Seller paying for the plan permit. The 4-story structure isentirely for 100% affordable housing. The approved plans have 66 x 1-bedroom units (avg size of 437 SF) and 6studios (avg size of 318 SF). Estimated yearly minimum rental income is $1,854,120 per year per Schedule 6-HCD& Schedule 1-HUD. Building amenities include a 2,800 SF roof deck, recreation room, laundry room, office andbicycle room. The roof deck offers common open space, enhancing the living experience for residents. With awalkscore of 73 out of 100 and located just off Laurel Canyon Blvd between Sherman Way & Saticoy St, theproperty offers easy access to all amenities and public transportation. Centrally located and blocks from 3freeways (170, 5 & 101) residents can easily access all parts of Los Angeles.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-07T00:27:03.73. 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 Swell Property. Licensed in the State of California, USA.
www.swellproperty.com/homes/157946726
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12035 Runnymede Street North Hollywood, CA 91605

  • Price: $2,800,000
  • Status: Active
  • On Site: 20 Days
  • ID#: 24464389
0
Beds
0
Baths
0
½ Baths
0.35
Acres
Neighborhood:
NHO - North Hollywood
County:
Los Angeles
Area:
NHO - North Hollywood
Property Description
PRICE: $2,800,000: 72 Units - $38,888 per Buildable, or $36,842 Per Buildable for 76 Units!!Runnymede offers an investor a 72 Unit RTI project, 37,800 SF building on15,048 SF of land, which is ready to build (RTI) with Seller paying for the plan permit. The 4-story structure isentirely for 100% affordable housing. The approved plans have 66 x 1-bedroom units (avg size of 437 SF) and 6studios (avg size of 318 SF). Estimated yearly minimum rental income is $1,854,120 per year per Schedule 6-HCD& Schedule 1-HUD. Building amenities include a 2,800 SF roof deck, recreation room, laundry room, office andbicycle room. The roof deck offers common open space, enhancing the living experience for residents. With awalkscore of 73 out of 100 and located just off Laurel Canyon Blvd between Sherman Way & Saticoy St, theproperty offers easy access to all amenities and public transportation. Centrally located and blocks from 3freeways (170, 5 & 101) residents can easily access all parts of Los Angeles.
Exterior Features

Parking Total 0 View YN Yes

Property Features

Association YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service New Construction YN No Possession Close Of Escrow Senior Community YN No Special Listing Conditions Standard Zoning LAC2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-07T00:27:03.73. 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 Swell Property. Licensed in the State of California, USA.
 
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Swell Property
1967 N. Coast Hwy 101
Encinitas CA, 92024
Listing Agent(s): Amir Lashgari of KW Advisors (310-482-2200)