11966 Runnymede Street

North Hollywood, CA 91605

  • 0 Bed(s)
  • 0 Bath(s)
  • 7,234 Sqft
  • 13499
    Sqft(Lot)
$1,945,000

Description

We are proud to present las casitas — a well-performing, workforce housing investment located at 11966 runnymede st. in the high-demand rental market of north hollywood, ca.



positioned as a core cash-flow asset with remaining value-add upside, las casitas offers both immediate income and future growth potential. priced to move at a compelling ~6.42% cap rate, this is a rare opportunity to acquire a strong-performing asset in a quality rental market at an attainable loan-to-value.



the property spans ±7,234 sf of improvements on an expansive ±13,400 sf lard2-zoned lot, consisting of:



+ a front house built in 1947

+ two apartment buildings constructed in 1964

construction is wood and stucco, with exterior paint completed in recent months. the front house has had several major upgrades in recent years, including:



+ newer roof

+ updated a/c

+ newer water heater



most apartment units feature tile flooring for ease of maintenance, and nearly all have newer hot water heaters. the apartment building roof is approximately 10 years old and has been regularly maintained.



parking & layout



the property is well parked, with:



+ a 2-car garage attached to the front home

+ 4 tandem spaces + 3 single spaces = 13 total parking spaces



unit mix, amenities & upside potential



+ 6 (2+1.5) townhome-style units

+ 1 (4+1.5) single-family home



each apartment unit features its own private, enclosed yard or patio, supporting higher tenant satisfaction and rental premiums. with rents still below market in several units, the property offers room for rental increases through gradual turnover and light interior upgrades.



at the rear of the property are two 10'x12' storage sheds of high home depot quality. one is rented for $150/month; the other will be available, with market rent potential of $250/month or more.



efficiency & cost control



+ separately metered for gas and electric (no house meter)

+ trash service is included in ladwp and billed to tenants

+ low-maintenance, drought-tolerant landscaping keeps operating costs minimal



las casitas is a turnkey, low-maintenance asset that balances current performance with future upside. whether you’re seeking steady cash flow, value-add opportunity, or a long-term hold in a dynamic submarket, this investment checks all the boxes.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49602290

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Heating Source

    • Central
    • Has Heating

  • Building Information

    • Year Built: 1947
    • Building Area Total: 7,234

    Pool Features

    • None

    Laundry Features

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.3099
    • Lot Size Source: Public Records
    • Lot Size Square Feet: 13499

  • Listing Price Information

    • Original List Price: 1,945,000
    • Listing Contract Date: 2025-05-02

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 2317014010

  • Garage and Parking

    • Garage Description: Tandem,Uncovered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: NHO - North Hollywood
    • Postal Code Plus 4: 3185
    • Directions: 11966 Runnymede St. North Hollywood, CA 91605
    • Zoning: LARD2
    • Source Property Type: Residential Income
    • Area: NHO - North Hollywood
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 78
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 05/04/2025 @ 15:51

  • MLS: SR25098155
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 7,234 sqft, 13,499 sized lot, and 2 parking. are nearby neighborhoods.