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$3,200,000

Beds
16
sq ft
7,490

11063 Cumpston St, North Hollywood, CA 91601

11063 Cumpston St

North Hollywood, CA 91601

  • 7 days on market
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.

Details

Property type

Est. home value

$4,515,754

Lot size

6,236 sq ft

Price per sq ft

$428

Year built

1993

HOA

No

Price History

03/24/2025
CLAW

CLAW #25515935

Listed
$3,200,000
-9.86%
02/17/2024
CRMLS

CRMLS #SR23200321

Removed
$3,550,000
02/05/2024
CRMLS

CRMLS #SR23200321

Listed
$3,550,000

Schools & Community

Neighborhood: 

North Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jpmorgan Chase Bank Na

Loan start date

September 2020

Original loan amount

$1,390,000

Est. remaining balance

Not provided

Interest rate

3.06%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Stephen Limurti and Djelita Ssjahir Limurti

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/31/2025 at 3:15 PM

Listing updated: 03/24/2025 at 4:26 PM

Listed by: Filip Niculete, Marcus & Millichap Phone #: (818) 212-2700

MLS: CLAW #25515935

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