11448 Cumpston, North Hollywood, CA 91601

Local realty services provided by:ERA North Orange County Real Estate
#1#2
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:SANDICOR

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

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Home facts

  • Listing Id #:P1-23480
  • Added:15 day(s) ago
  • Updated:August 15, 2025 at 02:10 PM

Finances and disclosures

  • Price:$3,495,000
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