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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Apartment buildings
11966 Runnymede St North Hollywood, CA 91605-3185
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7705023
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1947
Construction
TILT-UP CONCRETE
Total area
7,234 SF
Lot
0.31 ac (13,499 SF)
Zoning code
LARD2
APN
2317-014-010
UPID
US09-7705023
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.79M
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$1.87M
Owner & transaction history
11966 Runnymede Street LLC · 1 yrs held
11966 Runnymede Street LLC
since 2025
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
LARD2 · North Hollywood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Hollywood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Hollywood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,940,000
6.5%
$1,790,000
7%
$1,665,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,485,000
Current use
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±10% · vs last sale $1.85M (Mar 18 2025)
Last sale anchor
$1.85M
Mar 18 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$259 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$21,965
Tax year 2024
Assessed value
$1,711,860
Assessed 2024
Previous assessed
$1,711,860
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$928,467
Assessed improvement
$783,393
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1947
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
YES
Buildings
2
Units
7
Bathrooms
2
Total area
7,234 SF
Lot
0.31 ac (13,499 SF)
Zoning code
LARD2
APN
2317-014-010
UPID
US09-7705023
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LARD2 · North Hollywood, CA
Zoning LARD2 · permitted uses
LARD2 · North Hollywood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Hollywood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1947
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Buildings
2
Units
7
Bathrooms
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
11966 Runnymede Street LLC
Entity
Mailing address
544 WOODBURY RD, GLENDALE, CA 91206-2646
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2025
$1,850,000
11966 Runnymede Street LLC
Shahbazian 2003 Family Trust
Grant Deed
$1,202,500 · Cake Mortgage Corp
Aug 27, 2020
—
Norik Shahbazian
—
Deed
related
$1,175,000 · Axos Bank
Aug 1, 2016
—
Norik Shahbazian
—
Deed
related
$1,050,000 · Bofi Federal Bank
Nov 19, 2015
$558,500
Shahbazian Family 2003 Trust
R100011964 Trust
Grant Deed
$1,025,000 · R100011964 Trust (ct)
Dec 4, 2014
—
R100011964 Trust
11964 Runnymede Street LLC
Quit Claim Deed
—
Oct 9, 2012
—
11964 Runnymede LLC
Georgescu,elfride
Grant Deed
—
Jun 26, 2007
—
Elfride Georgescu
Elfride Georgescu
Intrafamily Transfer
related
$960,000 · Washington Mutual Bank
May 30, 2007
—
Elfride Georgescu
Georgescu,julian
Quit Claim Deed
related
—
Oct 10, 2006
—
Iulian Georgescu
Georgescu,elfride
Quit Claim Deed
related
—
Apr 22, 2005
$1,050,000
Elfride Georgescu
Runnymede Partners LLC
Grant Deed
—
Jul 16, 2003
$760,000
Runnymeade Partners LLC
Georgescu,tr
Grant Deed
—
Aug 4, 1998
—
Georgescu,iulian Trustee
Georgescu,i
Quit Claim Deed
related
—
Nov 26, 1997
—
Iulian Georgescu
Georgescu,i
Quit Claim Deed
related
—
Nov 9, 1995
—
Iulian Georgescu
Georgescu,e
Quit Claim Deed
related
—
Apr 19, 1994
$140,000
Julian Georgescu
Georgescu,sigrid
Grant Deed
related
$170,000 · Channel Island Incom
Mar 26, 1993
—
Sigrid A Georgescu
Khayatian,mohamm
Grant Deed
related
—
Oct 19, 1990
—
Khayatian Mohamm
Khayatian Kobra
Quit Claim Deed
related
$352,000 · Progressive Savings Bank
Sep 15, 1988
$36,500
Achvan Chusrov
Alvar
Grant Deed
related
—
—
—
Runnymede Partners LLC
—
Deed Of Trust
related
$300,000 · Webb Trust
—
—
1964 Runnymede Street LLC
—
Deed Of Trust
related
$735,000 · Furdini LLC
—
—
Julian Georgescu
—
Deed Of Trust
related
$50,000 · Individual
—
—
Iulian Georgescu
—
Deed Of Trust
related
$78,800 · City Financial
—
—
Runnymede Partners LLC
—
Deed Of Trust
related
$305,000 · 4 Seasons Construction INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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