Your email has been sent.
11448 Cumpston St - Develop up to 60 Units near NoHo Metro 0.31 Acres of Residential Land Offered at $3,495,000 in North Hollywood, CA 91601
INVESTMENT HIGHLIGHTS
- Great North Hollywood development opportunity in a Tier 4 Transit Oriented Community to build up to 60 apartment units
- Multiple investment scenarios whether a buyer would like to add-value and increase rents with multiple ADU opportunities or ground-up development
- The property will be delivered with one vacant unit at the Close of Escrow
- The asset currently operates as a 15-unit apartment building with (12) – 1 bed / 1 bath, (2) – studio / 1 bath, and (1) – 2 bed / 2 bath units
- Steps away from Orange Line Busway, a key transportation offering for residents in the North Hollywood area that offers easy access throughout the SFV
- Easy access to North Hollywood Recreation Center, The Cage Roller Hockey Rink, Magnolia Park, North Hollywood Walking Path, Highway 170,134, and 101
PROPERTY FACTS
| Price | $3,495,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.31 AC |
| Property Type | Land | ||
| Zoning | LAR4 | ||
| Price | $3,495,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.31 AC |
| Zoning | LAR4 |
1 LOT AVAILABLE
Lot
| Price | $3,495,000 | Lot Size | 0.31 AC |
| Price Per AC | $11,274,193.55 |
| Price | $3,495,000 |
| Price Per AC | $11,274,193.55 |
| Lot Size | 0.31 AC |
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 and location 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.
Presented by
11448 Cumpston St - Develop up to 60 Units near NoHo Metro
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.