4
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$2,800,000
Est. payment /mo
0.35 Acres Lot
Price Dropped by $400K
12035 Runnymede St North Hollywood, CA 91605
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UPDATED:
12/06/2024 03:11 AM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24-464389
Lot Size 0.346 Acres
Acres 0.3456
Property Description
PRICE: $2,800,000: 72 Units - $38,888 per Buildable, or $36,842 Per Buildable for 76 Units!!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 North Hollywood
Zoning LAC2
Exterior
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Listed by KW Advisors
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