11731 Runnymede Street, North Hollywood, CA 91605

$2,325,000

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List Agent Greg Foster () Skymark Real Estate Group; CoList () Courtesy of Selling Office: Galaxy Real Estate Services, Inc., Varouj Madadian - Selling Agent DRE# and Courtesy of Listing Office Skymark Real Estate Group, Greg Foster - Agent DRE#

Sold Price
$2,325,000
List Price
$2,395,000
Closing Date
Jul 10, 2024
Status
CLOSED
MLS#
PW24039517
Year Built
2019
Lot Size
6,770
Lot Location
Near Public Transit
Days on Market
78
Property Type
Multifamily
Property Sub Type
Quadruplex
Stories
Three Or More Levels

Property Description

Discover a prime investment opportunity in the heart of North Hollywood, just moments from the vibrant NOHO Arts District. This newer construction apartment complex is excluded from LA rent control and features 4 spacious apartments. Built in 2019, contemporary features include open floorplans, LVP flooring, quartz counters and stainless steel appliances. Large 3 bedroom units! Tenants enjoy the convenience of central AC, in-unit laundry, and two covered parking spaces each. Located in an opportunity zone with easy access to freeways and amenities, this property presents a savvy investor with excellent rental upside and low operating costs. Huge upside on rents - plus, property qualifies for 1-4 unit financing. Tenants pay for all utilities including electricity, gas and water. Inquire today for full details!

Additional Information

Pool Description
None
Garage Spaces Total
8
Sewer
Public Sewer
Water
Public

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Calculator source: Real Geeks

Based on information from CRISNet MLS as of . 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. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.