Multifamily

11731 Runnymede St

11731 Runnymede St, Los Angeles, CA 91605

Listing Price: $2,200,000

Cap Rate
5.43%
Number of Units
4
GRM
13.68
Occupancy
97.0%
Price/Unit
$550,000

Investment Overview

We are proud to present these four units located at 11731 Runnymede Street in North Hollywood, California. This brand-new multifamily building sits on 6,767-square feet of land with 6,641-square feet of rentable area and consists of all three-bedroom units with in-unit washer/dryer and spacious floor plans.

The building is in the final stages of city inspections and is expected to have Certificate of Occupancy soon. Because this property is in an opportunity zone, a buyer could close escrow before Certificate of Occupancy and inherit all the tax benefits that come with opportunity zone developments. For an unbeatable price of $2,200,000, an investor can realistically expect a projected 5.54% CAP Rate!

With today's low interest rates, an investor is projected to achieve a 7% cash-on-cash return with a down payment of $550,000. Furthermore, since this offering is four units, an investor can take advantage of residential financing, fixed for 30 years! This offering is ideal for the buyer who wants a pride of ownership, brand new construction property with very little maintenance or expenses, in a very dense rental pocket of North Hollywood.

Investment Highlights

  • Built in 2020 - Brand New
  • All Three-Bedroom Units
  • No Rent Control Restrictions
  • Located in Opportunity Zone

Exclusively Listed By

Listing Price: $2,200,000

Cap Rate
5.43%
Number of Units
4
GRM
13.68
Occupancy
97.0%
Price/Unit
$550,000

Investment Highlights

  • Built in 2020 - Brand New
  • All Three-Bedroom Units
  • No Rent Control Restrictions
  • Located in Opportunity Zone

Investment Overview

We are proud to present these four units located at 11731 Runnymede Street in North Hollywood, California. This brand-new multifamily building sits on 6,767-square feet of land with 6,641-square feet of rentable area and consists of all three-bedroom units with in-unit washer/dryer and spacious floor plans.

The building is in the final stages of city inspections and is expected to have Certificate of Occupancy soon. Because this property is in an opportunity zone, a buyer could close escrow before Certificate of Occupancy and inherit all the tax benefits that come with opportunity zone developments. For an unbeatable price of $2,200,000, an investor can realistically expect a projected 5.54% CAP Rate!

With today's low interest rates, an investor is projected to achieve a 7% cash-on-cash return with a down payment of $550,000. Furthermore, since this offering is four units, an investor can take advantage of residential financing, fixed for 30 years! This offering is ideal for the buyer who wants a pride of ownership, brand new construction property with very little maintenance or expenses, in a very dense rental pocket of North Hollywood.

Exclusively Listed By

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