Property Details
About this Property
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.
MLS Listing Information
MLS #
CRP1-23480
MLS Source
California Regional MLS
Days on Site
22
Lots & Land Information
Fencing
None
Parking, School, and Other Information
HOA Fee
$0
Zoning
SPKN
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
11448 Cumpston St is in North Hollywood, CA 91601. This Land is currently priced at $3,495,000. This address can also be written as 11448 Cumpston St, North Hollywood, CA 91601.
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This listing information is up-to-date as of July 30, 2025. For the most current information, please contact Casey Picard, (626) 376-9224
