11448 Cumpston, North Hollywood, CA 91601
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
11448 Cumpston,North Hollywood, CA 91601
$3,495,000
- 0 Acres
- Lots / Land
- Active
Listed by:casey picard
Office:keller williams realty
MLS#:P1-23480
Source:San Diego MLS via CRMLS
Price summary
- Price:$3,495,000
About this home
Located in the heart of the NoHo Arts District, 11448 Cumpston Street presents a rare opportunity to acquire a multifaceted asset on a +/-13,355 SF lot with immediate value-add potential and long-term development upside. Currently operating as a 15-unit apartment complex, the property features a unit mix of (12) 1-bed / 1-bath units, (2) studio / 1- bath units, and (1) 2-bed / 2-bath unit, totaling +/-8,991 SF of rentable space. Originally built in 1963, the building offers copper plumbing and a newer roof (buyer to verify).With one current vacancy, an investor who leases up the unit can achieve a projected monthly gross rental income of approximately $19,733.08. Additionally, the lot's zoning andlocation offer the potential for up to 60 new units through ground-up development--positioning this as a compelling play for either repositioning or redevelopment.The property qualifies for Tier 6 Section 8 rents and is situated within a Highest Resource Area, which maximizes incentives and density for affordable and mixed-income housing. Whether you're seeking a value-add multifamily investment with upside, exploring ADU additions, or planning a larger multifamily build, this property is strategically positioned in one of Los Angeles' most dynamic rental submarkets.
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Home facts
- Listing ID #:P1-23480
- Added:67 day(s) ago
- Updated:October 06, 2025 at 02:05 PM
Finances and disclosures
- Price:$3,495,000
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