$ 3,200,000
12035 Runnymede St North Hollywood, CA 91605
Save 
Share Schedule a Tour
REQUEST A TOUR
In-PersonVirtual Tour
REQUEST A TOUR
In-PersonVirtual Tour
$ 3,200,000
Est. payment | /mo
0.35 Acres Lot
$ 3,200,000
Est. payment | /mo
0.35 Acres Lot
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
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 North Hollywood
Zoning LAC2
Exterior
View Y/N Yes
View Any
Others
Special Listing Condition Standard
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Listed by KW Advisors