PRICE: $2,800,000: 72 Units - $38,888 per Buildable, or $36,842 Per Buildable for 76 Units!!Runnymede offers an investor a 72 Unit RTI project, 37,800 SF building on15,048 SF of land, which is ready to build (RTI) with Seller paying for the plan permit. The 4-story structure isentirely for 100% affordable housing. The approved plans have 66 x 1-bedroom units (avg size of 437 SF) and 6studios (avg size of 318 SF). Estimated yearly minimum rental income is $1,854,120 per year per Schedule 6-HCD& Schedule 1-HUD. Building amenities include a 2,800 SF roof deck, recreation room, laundry room, office andbicycle room. The roof deck offers common open space, enhancing the living experience for residents. With awalkscore of 73 out of 100 and located just off Laurel Canyon Blvd between Sherman Way & Saticoy St, theproperty offers easy access to all amenities and public transportation. Centrally located and blocks from 3freeways (170, 5 & 101) residents can easily access all parts of Los Angeles.

Listing courtesy of Amir Lashgari of KW Advisors

Based on information from the The MLS as of 2024-12-18 06:14 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.