
11966 Runnymede St North Hollywood, CA 91605
Sun Valley NeighborhoodAbout This Home
As of June 2025We 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 1964Construction is wood frame and stucco exterior, 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 heaterMost 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 & LayoutThe property is well parked, with:+ A 2-car garage attached to the front home+ 4 tandem spaces + 3 single spaces = 13 total parking spacesUnit Mix, Amenities & Upside Potential+ 6 (2+1.5) townhome-style units+ 1 (4+1.5) single-family homeEach 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 minimalLas Casitas is a 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.
Last Agent to Sell the Property
Equity Union Brokerage Phone: 818-581-5829 License #01402283 Listed on: 05/02/2025

Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Lot Details
- 0.31 Acre Lot
- Two or More Common Walls
Parking
- 2 Car Garage
- Parking Available
- Tandem Uncovered Parking
Home Design
- Apartment
Interior Spaces
- 7,234 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Additional Features
- Urban Location
- Central Heating
Listing and Financial Details
- Tax Lot 5
- Tax Tract Number 11056
- Assessor Parcel Number 2317014010
- Seller Considering Concessions
Community Details
Overview
- 3 Buildings
- 7 Units
Building Details
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- Operating Expense $61,107
- Gross Income $191,760
- Net Operating Income $124,901
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/18/2025 06/18/25 | Sold | $1,850,000 | -4.9% | $256 / Sq Ft |
05/20/2025 05/20/25 | Pending | -- | -- | -- |
05/02/2025 05/02/25 | For Sale | $1,945,000 | +31.9% | $269 / Sq Ft |
11/19/2015 11/19/15 | Sold | $1,475,000 | -13.0% | $885 / Sq Ft |
11/10/2015 11/10/15 | Pending | -- | -- | -- |
06/10/2015 06/10/15 | For Sale | $1,695,000 | -- | $1,017 / Sq Ft |
Tax History Compared to Growth
Agents Affiliated with this Home
-
R
Seller's Agent in 2025
Raymond Rodriguez
Equity Union
(805) 892-8119
1 in this area
35 Total Sales
-
D
Buyer's Agent in 2025
Daniel Mizrahi
Capstone Real Estate
(310) 295-2660
1 in this area
5 Total Sales
-
D
Seller's Agent in 2015
David Harrington
Matthews Real Estate Investment Services
-
D
Buyer's Agent in 2015
Dikran Shirinyan
P&S Realty
(323) 440-2460
1 Total Sale
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25098155

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