11063 Cumpston St, North Hollywood, CA 91601 - View 1
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11063 Cumpston St, North Hollywood, CA 91601

List Price: $3,100,000On Market FlagOn market
Mar 24, 20257,490 sqft16 beds16 baths
Listed by: Filip Niculete
License #: 01905352
Phone #: 818-212-2763
Marcus & Millichap
Source:
CRMLS Logo
MLS #: 25515935

Property Description

We are 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.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$43,251

TurboHome Estimated Value

$2,991,700

$399 sqft

High Valuation
$3,141,285
$419/sqft
Normal Valuation
$2,991,700
$399/sqft
Low Valuation
$2,842,115
$379/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$399/sqft$2,991,700

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