55+ Cooperative Residential
For Sale
$215,000
11813 Runnymede Street, North Hollywood, CA 91605
North Hollywood, CA
Property Size440 SF
Lot Size2.37 Acres
Price / SF$488.64
Days on Market154
Property Features for 11813 Runnymede Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Laundry Room, Kitchen, Bathroom 1
Parking
1
Appliances
Microwave, Refrigerator
Elementary school district
Los Angeles Unified
Middle school district
Los Angeles Unified
High school district
Los Angeles Unified
Directions
North of Sherman Way, East of Laurel Canyon Blvd, West of Lankershim Blvd, South of Saticoy St
Subdivision
NHO - North Hollywood
Special listing conditions
Third Party Approval
Standard status
Active
APN
2317010022
Size
440 SF
Lot size
2.37 Acres
Taxes and HOA fees
HOA Fee
$452 Monthly
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
swimming pool
laundry rooms
gated entrance with intercom access
guest parking
carport
storage room
on-site manager
maintenance staff
pet friendly policies
Building Details
Year built
1970
Floors in Building
1
Number of units
60
Listing Agency:
Seven Gables Real Estate
(714) 731-3777
Listed By:
Michael Rogers · License #01354281
(714) 412-9012
Added: Apr 5
Changed: Sep 4
Last Checked: Sep 5 at 5:06AM
MLS# PW26072724
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 440-square-foot stock cooperative unit was built in 1970 and includes a kitchen, bathroom, laundry room, microwave, and refrigerator. Cooling is provided by wall/window and window units. The property receives public water and public sewer service. A dedicated carport and adjacent storage room accompany the unit.
The cooperative occupies 2.37 acres within a gated 55+ community. Common facilities include a swimming pool, maintained grounds, two laundry rooms, guest parking, and an entrance with intercom access. The community permits small pets and has an on-site manager and maintenance staff. The HOA covers property taxes, water, insurance, heating, air conditioning, gas, grounds care, and pool maintenance. Purchase requires approval by the board of Heatherdale Home Cooperative Inc., with a package submission similar to a loan application; financing is not currently available.
The cooperative occupies 2.37 acres within a gated 55+ community. Common facilities include a swimming pool, maintained grounds, two laundry rooms, guest parking, and an entrance with intercom access. The community permits small pets and has an on-site manager and maintenance staff. The HOA covers property taxes, water, insurance, heating, air conditioning, gas, grounds care, and pool maintenance. Purchase requires approval by the board of Heatherdale Home Cooperative Inc., with a package submission similar to a loan application; financing is not currently available.
Key Highlights
- 440 SF stock cooperative unit built in 1970
- Gated 55+ community on 2.37 acres
- Dedicated carport and adjacent storage room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,080
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$141,600
$141.6K
Cap Rate 7%
$101,143
$101.1K
Cap Rate 9%
$78,667
$78.7K
Market Conditions
NOI Build-Up for 440 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$14.0K $31.80/SF
− Vacancy
−$1.1K −$2.54/SF
EGI
$12.9K $29.26/SF
− OpEx
−$5.8K −$13.17/SF
NOI
$7.1K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$141,600
Cap Rate 7%
$101,143
Cap Rate 9%
$78,667
Alternative Uses
Best Use
Apartment 5plus
$101.1K
$88.5K – $118.0K
NOI $7,080 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$235.6K
$206.1K – $274.8K
NOI $16,490 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,339
Businesses Nearby
Explore this area
Business Placement
Demographics for 91605, CA
54,341
Population
17,206
Households
3.2
Avg Household Size
36
Median Age
22%
College-Educated
71%
High-School Grad
5.4 sq mi
ZIP Area
10,063
Density / Sq Mi
$64,539
Median Household Income
$32,751
Median Earnings
$1,736
Median Rent
$729,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Gated senior cooperative with shared amenities, assigned parking, storage, and on-site management.
Where is this residential income property located?
The property is located at 11813 Runnymede Street North Hollywood, CA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 440 SF stock cooperative unit built in 1970; Gated 55+ community on 2.37 acres; Dedicated carport and adjacent storage room
