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$ 1,985,000
Est. payment /mo
New
12035 Runnymede ST North Hollywood, CA 91605
1 Bed
1 Bath
848 SqFt
UPDATED:
01/30/2025 02:01 PM
Key Details
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 848 sqft
Price per Sqft $2,340
MLS Listing ID CRSR25020768
Bedrooms 1
Full Baths 1
Originating Board California Regional MLS
Year Built 1926
Lot Size 0.346 Acres
Property Description
12035 Runnymede presents an exceptional opportunity for investors with a fully RTI-approved 72-unit development spanning 37,800 SF on a 15,053 SF lot. Ready for immediate construction, the project is 100% affordable housing, with the seller covering the plan permit costs. The four- story building features 66 one-bedroom units (average 437 SF) and 6 studio units (average 318 SF), designed to meet the growing demand for affordable housing in a high-density area. With an estimated minimum annual rental income of $1,854,120 (per Schedule 6-HCD & Schedule 1- HUD), this project offers a strong return potential. Residents will benefit from thoughtfully designed building amenities, including a 2,800 SF rooftop deck, a recreation room, laundry facilities, an office, and a bicycle room. Designed to embrace the L.A. lifestyle, the project features rooftop spaces that capture breathtaking city lights and sunset views. Strategically located just off Laurel Canyon Blvd between Sherman Way & Saticoy St, the property boasts a Walk Score of 73, offering convenient access to local amenities and public transportation. Its central location, just blocks from the 170, 5, and 101 freeways, ensures seamless connectivity throughout Los Angeles. Located in a densely populated area with over 36,000 residen
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LAC2
Rooms
Kitchen None
Interior
Cooling None
Fireplaces Type None
Laundry Other
Exterior
Pool 31, None
View Local/Neighborhood
Building
Story One Story
Water District - Public
Others
Tax ID 2317013004
Special Listing Condition Not Applicable
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Listed by Shira Dunn • Keller Williams Coastal Properties