11063 Cumpston St - Apartments FOR SALE


North Hollywood, CA 91601
$3,200,000 USD
818-667-6683
11063 Cumpston St, North Hollywood, CA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/10
null | 4.67% Cap Rate

11063 Cumpston St
North Hollywood, CA 91601


HIGHLIGHTS

  • Built in 1993
  • Not Subject to LA Rent Control
  • Only Subject to AB 1482
  • Value Add | About 20% Upside
  • Gated & Secured Property
  • Ample Onsite Parking

OVERVIEW

The LAAA Team of Marcus & Millichap is pleased to present 11063 Cumpston St, an exceptional investment opportunity in the heart of the NoHo Arts District, one of Los Angeles’ most rapidly evolving and high-demand rental markets. This well-maintained eight-unit multifamily property, built in 1993, features spacious two-bedroom, two-bath townhome-style units, catering to tenants seeking modern layouts and a prime location. As a 1993-built asset, the property is not subject to Los Angeles Rent Stabilization Ordinance (RSO) but falls under California’s AB 1482, allowing for higher annual rent increases compared to older rent-controlled buildings. The property includes gated parking, private entryways, and in-unit amenities, making it highly attractive to renters. The surrounding NoHo Arts District is experiencing a surge in new developments, enhancing the area's appeal and contributing to strong rental demand and long-term appreciation potential. Located just minutes from theaters, restaurants, nightlife, and major employment hubs, the property attracts young professionals, creatives, and long-term renters. Easy access to the Metro Red and Orange Lines and proximity to the 170, 134, and 101 freeways provide seamless connectivity throughout Los Angeles. This property presents a rare opportunity to acquire a well-positioned, newer-construction asset in a thriving market, offering stable cash ?ow, strong upside potential, and long-term appreciation.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$427 USD /SF

# OF UNITS

8

PRICE/UNIT

$400,000

CAP RATE

4.67%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 Units | Built in 1993 | Non-RSO Property

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1993

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,229 SF

ZONING

R4-2

APN/PARCEL ID

2350-003-010

ASK ABOUT THIS PROPERTY

Glen ScherMarcus & MillichapMore Info
818-667-6683

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Glen ScherMarcus & MillichapMore Info
818-667-6683

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.