First-Floor Senior Housing
For Sale
$239,000
11813 Runnymede Street, North Hollywood, CA 91605
North Hollywood, CA
Property Size750 SF
Lot Size2.37 Acres
Price / SF$318.67
Days on Market65
Property Features for 11813 Runnymede Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LARD1.5
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Kitchen, Bedroom 1, Laundry Room, Bathroom 1
Parking
1
Parking features
Carport, Assigned
Interior features
Unfinished Walls, Unfurnished, Ceiling Fan(s), Pantry, Storage, Granite Counters
Fireplace
1
Appliances
Refrigerator, Self Cleaning Oven, Gas Oven
Elementary school district
Los Angeles Unified
Middle school district
Los Angeles Unified
High school district
Los Angeles Unified
Directions
Near Runnymede St and Radford Ave
Subdivision
NHO - North Hollywood
Standard status
Active
APN
2317010022
Size
750 SF
Lot size
2.37 Acres
Taxes and HOA fees
HOA Fee
$586 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air
Water source
Public
Amenities
pool
clubhouse/rec room
landscaped gardens
outdoor seating areas
laundry rooms
garden plots
gated community
Building Details
Year built
1970
Floors in Building
1
Number of units
1
Flooring type
Laminate
Roof type
Composition
Additional Structures
Storage
Listing Agency:
Redfin Corporation
(877) 973-3346
Listed By:
Joseph Harris · License #01252870
(949) 294-6186
Added: Jun 19
Changed: Aug 20
Last Checked: Aug 22 at 9:06AM
MLS# BB26133547
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.
Unit 27 is a 750-square-foot, first-floor residence in the Valley Oaks 55+ senior co-op community at 11813 Runnymede Street. The home includes one bedroom, one bathroom, a kitchen, laundry room, storage, pantry, granite counters, laminate flooring, ceiling fans, and central heating and air conditioning. A refrigerator and gas oven are included, and the layout receives natural light. Assigned covered carport parking includes private storage.
Community features include a pool, clubhouse and recreation room, landscaped gardens, outdoor seating areas, two laundry rooms, and designated private gardening spaces. The property uses public water and public sewer and has a composition roof. Stock cooperative ownership requires an all-cash purchase or personal loan, and traditional mortgage financing is not permitted. Rentals are prohibited, and small pets are allowed.
Community features include a pool, clubhouse and recreation room, landscaped gardens, outdoor seating areas, two laundry rooms, and designated private gardening spaces. The property uses public water and public sewer and has a composition roof. Stock cooperative ownership requires an all-cash purchase or personal loan, and traditional mortgage financing is not permitted. Rentals are prohibited, and small pets are allowed.
Key Highlights
- 750 SF first‑floor senior co‑op residence
- One‑bedroom, one‑bath layout with kitchen, laundry room, pantry, storage, and granite counters
- Assigned covered carport with private storage
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
$12,068
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
5.05%
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%
$241,360
$241.4K
Cap Rate 7%
$172,400
$172.4K
Cap Rate 9%
$134,089
$134.1K
Market Conditions
NOI Build-Up for 750 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
$23.9K $31.80/SF
− Vacancy
−$1.9K −$2.54/SF
EGI
$21.9K $29.26/SF
− OpEx
−$9.9K −$13.17/SF
NOI
$12.1K $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%
$241,360
Cap Rate 7%
$172,400
Cap Rate 9%
$134,089
Alternative Uses
Best Use
Apartment 5plus
$172.4K
$150.9K – $201.1K
NOI $12,068 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$401.5K
$351.4K – $468.5K
NOI $28,108 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,339
Businesses Nearby
Under-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Shiraz Adult Day Health Care Center — 6907 Lankershim Blvd, North Hollywood, CA 91605
- Lankershim Adult Day Health — 6907 Lankershim Blvd, North Hollywood, CA 91605
Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - Gated 55+ stock cooperative with assigned covered parking, private storage, and shared recreational amenities.
Where is this senior housing / retirement home located?
The property is located at 11813 Runnymede Street North Hollywood, CA.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 750 SF first‑floor senior co‑op residence; One‑bedroom, one‑bath layout with kitchen, laundry room, pantry, storage, and granite counters; Assigned covered carport with private storage
