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.
Property Details
Price:
$3,495,000
MLS #:
P1-23480
Status:
Active
Baths:
0
Address:
11448 Cumpston Street 2350010035
Type:
Land
Neighborhood:
nhonorthhollywood
City:
North Hollywood
Listed Date:
Jul 29, 2025
State:
CA
ZIP:
91601
Lot Size:
13,355 sqft / 0.31 acres (approx)
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- Address11448 Cumpston Street 2350010035 North Hollywood CA
- AreaNHO – North Hollywood
- CityNorth Hollywood
- CountyLos Angeles
- Zip Code91601
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11448 Cumpston Street 2350010035
North Hollywood, CA
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