11448 Cumpston ST, North Hollywood, CA 91601

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Wed

Aug

Thu

Aug

Fri

Aug

Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$3,495,000

Est. payment - /mo

0.31 Acres Lot

Save

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID P1-23480

HOA Y/N No

Lot Size 0.307 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LAR4-1VL

Interior

Fireplace No

Exterior

Fence None

Community Features Street Lights, Sidewalks

View Y/N No

View None

Building

Lot Description Sprinklers None

Water Public

Others

Senior Community No

Tax ID 2350010035

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Read Less Info

Listed by Casey Picard Keller Williams Realty

Get More Information

Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

Quick Search

11448 Cumpston ST North Hollywood, CA 91601

Sean Beattie Jr.

Key Details

Location

Interior

Exterior

Building

Others

Get More Information