15,048 SF Lot      $1,795,000

12035 Runnymede St, North Hollywood, CA 91605

Located in the Los Angeles San Fernando Valley, a region with over 1.8M residents, this RTI development project is ideally positioned to capitalize on normalizing economic times. ±15,048 sq. ft. RTI development site in Opportunity Zone in highly desirable North Hollywood with entitlements and plans for 25 units w/ combined 3-bed , 1-bed+den and 1-bed units (±21,057 sq. ft. rentable area). Convenient access to Burbank Airport, I-5, Hwy 170, Hwy 101, Universal Studios and Downtown LA. Just minutes to ‘District NoHo’ꟷa planned 2 million sq. ft. mixed-use development at the junction of the Metro B Line (Red) subway and Metro G Busway. Offered well below nearby land sales on a Price/Unit basis (Comparison with nearby land sales: 11714 ArchwoodSt (37 units) sold Apr-2021 @$96,486/approved unit; 8405 Glenoaks Bl (19-units) sold Feb 2021 @ $94,737/approved unit.

RTI is in process and will be received prior to COE (close of escrow). COE 14 days after RTI received by Owner. Purchaser will be responsible for applying for and obtaining building permits, bonds, insurance, utility meters and activation, school fees, on- and off-site improvements and all other costs associated with construction. The property is currently rented MTM at $2,750/month for storage use. Owner will deliver the property vacant and free of personal property. Owners are real estate agents.

Prospective buyers, upon execution of a confidentiality agreement, may access an online data vault containing Owner provided due diligence materials. Available due diligence materials include plans and engineering, entitlements, Ph-I, soils report, renderings, survey and current title report. Click DATA ROOM below to access the due diligence materials.

DATA ROOM

12035 Runnymede Data Room – Available Due Diligence Materials

  1. Engineering and Plans
    1. 12035 Runnymede St. (electrical set).pdf
    2. 12035 Runnymede St. (mechanical set).pdf
    3. 12035 Runnymede St. (plumbing set).pdf
    4. COMPLETE SET_6.9.2021_NOT FOR CONSTRUCTION.pdf
  2. Entitlements
    1. 2021.04.05 Planning Director - approved plans.pdf
  3. Environmental
    1. Phase 1 ESA Report - North Hollywood(1).pdf
  4. Geological
    1. 12035runnymedeagisoilreport.pdf
    2. Soil Report_R 12035 Runnymad Street 1-20- 20 (1).pdf
  5. Renderings and Images
    1. A-3.3.pdf
    2. Aerial.jpg
    3. Floor Plan 1.jpg
    4. Floor Plan 2.jpg
    5. Rendering 1.jpg
    6. Rendering 2.jpg
    7. Rendering 3.jpg
    8. Rendering4.jpg
  6. Survey
    1. Survey_12035 Runnymede_06-13-2018.pdf
  7. Title Report
    1. 12035runnymedetitlereport.PDF
 Click DATA ROOM below to access the due diligence materials.

 

Property Type:

Land

Property Subtype:

Land Entitled

Address:

12035 Runnymede Street

North Hollywood , CA 91605

Lot Size:

15,048 Sq Ft

Property APN:

2317-013-004

County:

Los Angeles

Zoning:

C2-1VL, RD1.5-1, R3-1

 
 
 Click DATA ROOM below to access the due diligence materials.
 
 

Located in the Los Angeles San Fernando Valley, a region with over 1.8M residents, this RTI development project is ideally positioned to capitalize on normalizing economic times.

  • ±15,048 sq. ft. RTI development site in Opportunity Zone in highly desirable North Hollywood
  • Entitlements and plans for 25 units w/ combined 3-bed , 1-bed+den and 1-bed units (±21,057 sq. ft. rentable area)
  • Convenient access to Burbank Airport, I-5, Hwy 170, Hwy 101, Universal Studios and Downtown LA
  • Just minutes to ‘District NoHo’ꟷa planned 2 million sq. ft. mixed-use development at the junction of the Metro B Line (Red) subway and Metro G Busway
  • Offered well below nearby land sales on a Price/Unit basis
 Click DATA ROOM below to access the due diligence materials.

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Kennedy Wilson Real Estate Sales & Marketing | CalDRE #01906531


CalDRE #01906531

(310) 887-6446


    agent-photo

    Shannon Hayon

    Sales Associate
    Cal DRE #02000079

    (818) 926-6121

    Email
    My Bio

      agent-photo

      Marty Clouser

      Senior Vice President
      Cal Broker DRE# 00912230

      (310) 887-6422
      (818) 391-7491

      Email
      My Bio

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        DISCLAIMER:
        Properties (the "Property") are offered together with improvements thereon "as is, where is" with no warranty expressed or implied. The Seller and Brokers make no representations regarding the Property offered for sale such as size and condition of improvements, lot size, boundaries, zoning, code violations, compliance with applicable ordinances, property features, rights, obligations, etc. All information and documents provided by the Seller and Brokers are from sources deemed to be reliable but are not guaranteed. A prospective purchaser must rely on its own investigation and inspections prior to purchasing. Property is offered subject to withdrawal or prior sale at any time prior to a legally binding purchase and sale agreement. The legally binding purchase and sale agreement contains the entire agreement between parties and supersedes all prior communications, whether oral or written, express or implied, between the parties. EQUAL HOUSING OPPORTUNITY

         

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