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Listed by Raymond Rodriguez • Equity Union
Bought with Daniel Mizrahi • Capstone Real Estate
Bought with Daniel Mizrahi • Capstone Real Estate
$1,850,000
$1,945,000 4.9%
Est. payment /mo
7,234 SqFt
Sold on 06/18/2025
11966 Runnymede Street North Hollywood (los Angeles), CA 91605
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Key Details
Sold Price $1,850,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 7,234 sqft
Price per Sqft $255
MLS Listing ID CRSR25098155
Sold Date 06/18/25
HOA Y/N No
Year Built 1947
Lot Size 0.310 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
We are proud to present Las Casitas — a well-performing, workforce housing investment located at 11966 Runnymede St. in the high-demand rental market of North Hollywood, CA. Positioned as a core cash-flow asset with remaining value-add upside, Las Casitas offers both immediate income and future growth potential. Priced to move at a compelling ~6.42% Cap Rate, this is a rare opportunity to acquire a strong-performing asset in a quality rental market at an attainable loan-to-value. The property spans ±7,234 SF of improvements on an expansive ±13,400 SF LARD2-zoned lot, consisting of: + A front house built in 1947 + Two apartment buildings constructed in 1964 Construction is wood frame and stucco exterior, with exterior paint completed in recent months. The front house has had several major upgrades in recent years, including: + Newer roof + Updated A/C + Newer water heater Most apartment units feature tile flooring for ease of maintenance, and nearly all have newer hot water heaters. The apartment building roof is approximately 10 years old and has been regularly maintained. Parking & Layout The property is well parked, with: + A 2-car garage attached to the front home + 4 tandem spaces + 3 single spaces = 13 total parking spaces Unit Mix, Amenities & Upside Potential + 6 (2+1.
Location
State CA
County Los Angeles
Interior
Heating Other
Fireplace No
Laundry No Hookups
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