Maxwell R Brown
This listing was posted on RealtyWW.
$9,500,000
Home For Sale In North Hollywood, California
Price:
$9,500,000
BR/BA:
3 BR
Location:
11744 Runnymede St, North Hollywood, CA
Description:
Runnymede Holiday Apartments presents opportunity to acquire a desirable garden style 40 unit complex consisting of open grounds and attractive low-maintenance construction consisting of an ideal (12) 1 bedroom / 1 bath units, (20) 2 Bedroom / 1 bath units, and (8) 3 bedroom / 2 bath units. The property does not possesses any decks, tuck-under parking, or exterior catwalks, thereby removing large capital expenditure items for long-term operations. The grounds consist of mature vegetation, open walkways, a picnic and playground area, a large onsite laundry facility, and fully gated grounds and parking. The property possesses significant income and equity growth potential with an in-place 4.45% cap rate and a 8.0% proforma cap rate on a proven loss to lease rent roll. Select units are renovated with proven renovated proforma rents. Runnymede Holiday Apartments is well located in the vibrant neighborhood of North Hollywood. Known for its artistic flair, diverse community, and convenient access to urban amenities, North Hollywood offers an enticing blend of entertainment, culture, and lifestyle opportunities. The property is located with quick access to Highway 170, The Burbank Airport, Iconic Noho Arts District, and various retail shops/centers in the immediate surrounding area. On a granular 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.For more details: https://realtyww.info/homes_north-hollywood-d200075/for-sale_i71581396
Visit Our Partner Website
This listing was posted on another website. Click here to open: Go to RealtyWW
Important Safety Tips
These might be signs of fraud:
- Really cheap prices
- Irregular email adresses
- Contact info in pictures
To learn more, visit the Safety Center or click here to report this listing.
More About this Listing: Home For Sale In North Hollywood, California
Home For Sale In North Hollywood, California is a Three Bedroom Single-Family Homes for Sale at 11744 Runnymede St in North Hollywood CA. Find other listings like Home For Sale In North Hollywood, California and listings near 11744 Runnymede St by searching Oodle Classifieds for Three Bedroom Single-Family Homes for Sale in North Hollywood CA.
Home For Sale In North Hollywood, California is a Three Bedroom Single-Family Homes for Sale at 11744 Runnymede St in North Hollywood CA. Find other listings like Home For Sale In North Hollywood, California and listings near 11744 Runnymede St by searching Oodle Classifieds for Three Bedroom Single-Family Homes for Sale in North Hollywood CA.