Request More Info
Schedule a Showing
Share
Print
|
12035 Runnymede presents an exceptional opportunity for investors with a fully RTI-approved 72-unit development spanning 37,800 SF on a 15,053 SF lot. Ready for immediate construction, the project is 100% affordable housing, with the seller covering the plan permit costs. The four- story building features 66 one-bedroom units (average 437 SF) and 6 studio units (average 318 SF), designed to meet the growing demand for affordable housing in a high-density area. With an estimated minimum annual rental income of $1,854,120 (per Schedule 6-HCD & Schedule 1- HUD), this project offers a strong return potential. Residents will benefit from thoughtfully designed building amenities, including a 2,800 SF rooftop deck, a recreation room, laundry facilities, an office, and a bicycle room. Designed to embrace the L.A. lifestyle, the project features rooftop spaces that capture breathtaking city lights and sunset views. Strategically located just off Laurel Canyon Blvd between Sherman Way & Saticoy St, the property boasts a Walk Score of 73, offering convenient access to local amenities and public transportation. Its central location, just blocks from the 170, 5, and 101 freeways, ensures seamless connectivity throughout Los Angeles. Located in a densely populated area with over 36,000 residents within a one-mile radius, this project meets a critical housing need while providing an outstanding investment opportunity. Whether you're a seasoned investor, a developer looking for your next project, or a buyer aiming to add high-demand rental units to your portfolio, this is an exceptional opportunity to capitalize on North Hollywood's thriving rental market.
Property Type(s):
Single Family
| Last Updated | 1/28/2025 | Year Built | 1926 |
|---|---|---|---|
| Community | North Hollywood | County | Los Angeles |
SCHOOLS
| School District | Los Angeles Unified |
|---|
Additional Details
| AIR | None |
|---|---|
| AREA | North Hollywood |
| HOA DUES | 0 |
| LOT | 0.35 acre(s) |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | Public |
| ZONING | LAC2 |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Keller Williams Coastal Properties
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
Twitter
Facebook
Email