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11744 Runnymede St, North Hollywood, CA, 91065

$8,749,999

0 Baths
House

Location

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Property Highlights

Home TypeOther
Year Built1970
MLS #PTP2405347
Lot Size1.37 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 11744 Runnymede St

Runnymede Holiday Apartments presents opportunity to acquire a desirable garden style 40-unit complex consisting of open, low-density grounds and attractive low-maintenance construction consisting of an ideal (12) 1 bedroom / 1 bath units at 650 sqft, (20) 2 Bedroom / 1 bath units at 950 sqft, and (8) 3 bedroom / 2 bath units at 1200 sqft. The property does not possess any decks, tuck-under parking, or exterior catwalks, thereby removing large capital expenditure items for long-term operations. Current GSI: $791,876 Full Market GSI: $1,257,990 In-place NOI: $482,331 Proforma NOI: $870,257 The grounds consist of mature vegetation, open walkways, a picnic and playground area, a large onsite laundry facility, and fully gated grounds and parking. Vegetation within the complex consists of mature roses, eucalyptus trees, succulents, and Hibiscus trees, providing a pleasant atmosphere for tenants to help boost the ultimate rent potential and reduce turnover. Renovations: Roughly 18-20 units are partially renovated including: new flooring, refinished cabinets & hardware, new countertops, new appliances, new bathroom shower tub enclosures and paint throughout. 3-4 units at the property are fully renovated, which includes all items of the partially renovated units plus new shaker cabinets and new bathroom vanity(s). Ownership has been able to achieve rents north of $2,000 for the 1 bedrooms and north of $2570+ for the 2 bedrooms. On a granular location basis, the asset parcel is well located between a beautiful nursery and low-density multifamily complex within 0.1 Miles of two new construction institutional grade Multifamily complexes showcasing a bullish microeconomic drive in the immediate pocket

Property Details

Property Features

Property Information:

  • Year Built: 1970
  • Stories: 2

Listing Office:

  • Office Name: Commercial Asset Advisors
  • Office Email: mbrown@caacre.com
  • Listing Agent: Maxwell Brown

Exterior Features

Exterior Information:

  • Private Pool: No

Virtual/3D Tour

  • Virtual Tour: 11744 Runnymede St
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Lot Features

Lot Information:

  • Lot Size: 1.37 Acres

Other

Directions Information:

  • Directions: GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $8,749,999

Tax Information:

  • Annual Amount: $67,581
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

11744 Runnymede St vs Los Angeles

110 DAYS ON ROCKET

+72 Days

$8,749,999

+$7.7M More

KEY TAKEAWAY

This property is $7.7M more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PTP2405347

Listing Office:

  • Office Name: Commercial Asset Advisors
  • Office Email: mbrown@caacre.com
  • Listing Agent: Maxwell Brown

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 4:21:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 30, 2007Home Sold
$4,300,000

Tax History

YEARPROP. TAXASSESSMENT
2021$67,581$5,334,360
2020$65,644$5,267,786
2019$64,693$5,164,497
2018$63,300$5,063,233
2017$63,300$4,963,955

History based on county public records data.

Payment Calculator

$43.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$26.2K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1017490
2
/10
  • Camellia Avenue Elementary School

  • 7451 Camellia Ave

  • 0.38 miles

  • Public District Grades KG-5

school-card-donut-1017491
3
/10
  • Julie Korenstein Elementary

  • 7650 Ben Ave

  • 0.39 miles

  • Public District Grades PK-5

school-card-donut-1017492
5
/10
  • Isana Cardinal Academy

  • 7330 Bakman Ave

  • 0.70 miles

  • Public Charter Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,049. Residents of Los Angeles, CA typically earn less than $35k each year. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 11744 Runnymede St

What is the listing price of this property?

The listing price of 11744 Runnymede St property is $8,749,999.

What type of property is this?

The property 11744 Runnymede St is a house located in North Hollywood, California, 91065.

Is this property for sale now?

Accepting Backup Offers: 11744 Runnymede St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $67,581 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 30, 2007 for $4,300,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 11744 Runnymede St is 1970.
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Rocket HomesCaliforniaLos Angeles CountyLos Angeles9106511744 Runnymede St

This home is located at 11744 Runnymede St in North Hollywood, CA and zip code 91065 in the The San Fernando Valley neighborhood. This home, which was built in 1970, sits on a 1.37 acre lot. It has been listed on Rocket Homes since September 03, 2024 and is currently priced at $8,749,999.

While more than 512 listings in Los Angeles, CA in November 2024 were sold above asking price, there were more than 177 listings sold at asking price, and more than 657 were sold below. The number of listings in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. Listings spent 38 days on the market in November 2024, and had a median list price of $1,021,532 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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