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 8.5% 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.
This property is $8.5M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #PTP2402516
Listing Office:
Office Name: Commercial Asset Advisors
Office Email: mbrown@caacre.com
Listing Agent: Maxwell Brown
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/17/2024, 5:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Mar 30, 2007
Mar 30, 2007Home Sold
$4,300,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$67,581
$5,334,360
2020
$65,644
$5,267,786
2019
$64,693
$5,164,497
2018
$63,300
$5,063,233
2017
$63,300
$4,963,955
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
Julie Korenstein Elementary School
7650 Ben Ave
Distance between this listing and this school0.37 miles
Public District Grades KG-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school8.76 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school14.79 miles
Public Magnet Grades 1-5
Middle School
4
/10
Sun Valley Engineering and Technology Magnet
7330 Bakman Ave
Distance between this listing and this school0.68 miles
Public Magnet Grades 6-9
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school11.19 miles
Public District Grades 6-8
High School
6
/10
John H. Francis Polytechnic
12431 Roscoe Blvd
Distance between this listing and this school1.45 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school6.49 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school15.43 miles
Public Magnet Grades 9-12
Assigned Schools
3
/10
Julie Korenstein Elementary School
7650 Ben Ave
Distance between this listing and this school0.37 miles
Public District Grades KG-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school8.76 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school14.79 miles
Public Magnet Grades 1-5
Assigned Schools
4
/10
Sun Valley Engineering and Technology Magnet
7330 Bakman Ave
Distance between this listing and this school0.68 miles
Public Magnet Grades 6-9
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school11.19 miles
Public District Grades 6-8
Nearby Schools
6
/10
Celerity Cardinal Charter
7330 Bakman Ave
Distance between this listing and this school0.68 miles
Public Charter Grades KG-8
Assigned Schools
6
/10
John H. Francis Polytechnic
12431 Roscoe Blvd
Distance between this listing and this school1.45 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school6.49 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school15.43 miles
The neighbors living near this home have an average income of $32,049. The most common annual income of people living in Los Angeles, CA is less than $35k. The majority of families are single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 11744 Runnymede St
What is the listing price of this property?
The listing price of 11744 Runnymede St property is $9,500,000.
What type of property is this?
The property 11744 Runnymede St is a house located in North Hollywood, California, 91605.
Is this property for sale now?
Active Listing: 11744 Runnymede St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 11744 Runnymede St are: Julie Korenstein Elementary School: GreatSchools Rating 3/10Melrose Avenue Elementary School: GreatSchools Rating 9/10Academy For Enriched Sciences: GreatSchools Rating 9/10Sun Valley Engineering and Technology Magnet: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10John H. Francis Polytechnic: GreatSchools Rating 6/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 7/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $67,581 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 30, 2007 for $4,300,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 11744 Runnymede St is 1970.
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This home is located at 11744 Runnymede St in North Hollywood, CA and zip code 91605 in the The San Fernando Valley neighborhood. This home, which was built in 1970, sits on a 1.37 acre lot. It has been listed on Rocket Homes since May 02, 2024 and is currently priced at $9,500,000.
Los Angeles, CA housing market in April 2024 saw over 701 listings sold above listed price, more than 204 sold at listed price and over 629 sold below. In April 2024 in Los Angeles, CA there were 14.9% more homes for sale than in March 2024. In April 2024 median list price was $986,427 and the average listing age was 34 days.
From Rocket Homes Real Estate and based on county public records data.