CA > North Hollywood
North Hollywood, CA 91605,12035 Runnymede ST
North Hollywood, CA 91605,12035 Runnymede ST
North Hollywood, CA 91605,12035 Runnymede ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$3,200,000
Est. payment /mo
0.35 Acres Lot
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UPDATED:

11/16/2024 06:31 PM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 24464389

HOA Y/N No

Lot Size 0.346 Acres

Property Description

12035 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.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LAC2

Interior

Fireplace No

Exterior

View Y/N Yes

Building

New Construction No

Others

Senior Community No

Tax ID 2317013004

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Amir Lashgari • KW Advisors

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