5 Ones LLC 11111 Cumpston St 42 Unit Apartment Building $20,599,000 ($490,452/Unit) 4% Cap Rate North Hollywood, CA 91601

LOCATION AND NEIGHBORHOOD
Located in the highly desirable North Hollywood (NoHo) Arts District, this exceptional multifamily property at 11111 Cumpston Street presents an attractive investment or redevelopment opportunity in one of Los Angeles’ most vibrant urban markets. Situated in the heart of the North Hollywood Arts District, the subject property benefits from proximity to the Metro Red Line transit, major freeways (101, 134, 170), studios, theaters, restaurants, coffee shops, and other cultural amenities that drive both rental demand and long-term growth. 1111 Cumpston Apartments is a modern apartment community with controlled access, secure parking, elevator service, and contemporary interior finishes. The units are designed with everyday convenience in mind (in-unit laundry, quality kitchen features, private balconies), include assigned parking spaces, and are located in a walkable, transit-accessible part of North Hollywood.
Positioned on a quiet residential street just moments from major retail, dining, and entertainment corridors, the property benefits from both neighborhood charm and urban accessibility.
LOCATION APPEAL
11111 Cumpston sits just minutes from:
The Metro Red Line station
The NoHo Arts District theaters and galleries
Trendy restaurants, cafés, and nightlife
Major studios and employment centers
Easy access to the 170, 101, and 134 freeways
INVESTMENT APPEAL
This well-maintained multifamily asset offers strong in-place income.
Prime North Hollywood location near Lankershim Blvd & Chandler Blvd
Strong rental fundamentals in the area support ongoing cash flow potential.
Desirable rental submarket with high demand for rental units.
Appealing unit layouts with functional floor plans.
Low-maintenance landscaping.
Excellent walkability and transit access.
Strong tenant base with consistent occupancy history.
Strong rental growth potential.
Ideal 1031 exchange replacement property.
North Hollywood continues to benefit from ongoing redevelopment, infrastructure investment, and increasing rental demand, making this property an ideal acquisition for both seasoned and first-time investors seeking long-term appreciation and stable cash flow.
11111 Cumpston Street presents a rare opportunity to acquire a well-located multifamily investment asset in the heart of the highly desirable NoHo Arts District of North Hollywood. Positioned on a quiet residential street just moments from major transit, retail corridors, and employment centers, the property benefits from strong rental demand, long-term appreciation fundamentals, and continued neighborhood redevelopment.
11111 Cumpston Street represents a compelling opportunity to acquire a well-located multifamily asset in a proven Los Angeles rental submarket. Investors can capitalize on:
Reliable in-place income
Rent growth potential through renovation
Long-term capital appreciation
Strategic location within a transit-oriented district
This offering is well-suited for private investors, family offices, and 1031 exchange buyers seeking stable performance with upside in a high-barrier-to-entry market.
PROPERTY HIGHLIGHTS
Building Type: Mid-rise multifamily apartment building
Year Built: 2020
Building Size: Approximately 30,000+ sq ft of rentable space and 34,928 sq. ft. of total building area
Lot Size: Approx. 0.38-acre parcel or 16,561 sq. ft.
Assigned secured parking.
STORIES: 4 levels
UNITS: 42 apartments (mid-rise style) plus 1 ADU (in process of completion)
OCCUPANCY: Historically strong lease-up with high demand for various tenants
ZONING: LAR4 multifamily zoning, allowing for higher-density residential use

UNIT MIX
Studio +1 Bath -24
1 Br +1 Bath - 10
2 Br + 2 Bath - 8
ADU in process of completion - 1
MARKET POSITIONING
North Hollywood remains one of the strongest performing multifamily submarkets in Los Angeles County due to:
Proximity to major employment centers.
Continued infrastructure and transit improvements.
Attractive relative rental pricing compared to Hollywood and Studio City.
Ongoing redevelopment initiatives.
The property’s location within a high-demand rental corridor positions it for consistent occupancy and long-term appreciation.
FINANCIAL OFFERING:
Seller offers assumable $4.5M loan at 3.75% through 2030.
GROSS ANNUAL INCOME IS AROUND $1,176,000 WITH ABOUT $77,011.00 SELLER'S EXPENSES FOR MAINTENANCE. THE AREA'S REAL ESTATE TAXES ARE AT 1.18738%.
A COPY OF THE ACTUAL RENT ROLLS IS TO BE PROVIDED TO THE PRE-QUALIFIED BUYER OR THE BUYER'S AGENT.
CONFIDENTIALITY & DISCLAIMER
This property description has been prepared solely for informational purposes. The information contained herein has been obtained from sources deemed reliable; however, no representation or warranty is made as to its accuracy or completeness. Prospective purchasers should conduct their own independent investigations and due diligence.
Information from public sites is deemed reliable but not guaranteed. All measurements are approximate. Buyer shall conduct its own investigation. Seller’s Broker is not
liable for any information derived from public sources of information.