11123 Cumpston Street, North Hollywood, California 91601, North Hollywood, 91601 - bed, bath

11123 Cumpston Street, North Hollywood, California 91601 home-pic-0
ACTIVE$1,300,000
11123 Cumpston Street, North Hollywood, California 91601
0Bed
0Bath
3Sqft
6,252Lot
Year Built
1937
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$433,333
HOA
-
Days on market
-
Sold On
-
MLS number
IV25148052
Home ConditionGood
Features
Deck
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $1.30M(44th), sqft - 3(11th), beds - undefined(50th), baths - undefined(50th).

Welcome to this amazing investment opportunity in the heart of North Hollywood, California! This permitted 3-unit property is conveniently located next to the Metro, making it a prime location for renters and commuters alike. With a recent upgrade just 3 years ago, this property boasts modern amenities and stylish finishes throughout. The R4 zoning allows for endless possibilities for future development or rental income. Situated next to the trendy NoHo district, residents will enjoy easy access to shopping, dining, entertainment, and more. Don't miss out on your chance to own a piece of this thriving neighborhood - schedule your showing today!

Condition Rating
Good

The property, despite being built in 1937, has undergone a significant 'upgrade just 3 years ago,' which is evident in the modern kitchens featuring updated cabinets, granite/quartz countertops, subway tile backsplashes, and stainless steel appliances. The finished bathrooms also showcase modern vanities, fixtures, and tiled showers. Throughout the property, there's updated wood-look flooring and modern mini-split AC units. However, one bathroom is clearly shown under active renovation (Image 10), indicating that not all units or areas are fully completed or in pristine, move-in ready condition. This prevents an 'Excellent' score, but the extensive and high-quality updates in most visible areas firmly place it in the 'Good' category, as it's largely move-in ready with modern amenities.
Pros & Cons

Pros

Prime Investment Opportunity: Explicitly marketed as an 'amazing investment opportunity' with a permitted 3-unit property (Triplex), offering immediate income potential.
Exceptional Location & Transit Access: Strategically located next to the Metro and the trendy NoHo district, providing excellent access to public transportation, shopping, dining, and entertainment, highly attractive to renters.
Recent Modern Upgrades: The property boasts recent upgrades (3 years ago) with modern amenities and stylish finishes, reducing immediate capital expenditure for a new owner.
Significant Development Potential (R4 Zoning): R4 zoning offers 'endless possibilities for future development or rental income,' providing long-term value appreciation and flexibility.
High Demand Rental Market: Situated in North Hollywood, a vibrant and sought-after area for renters, ensuring strong tenant demand and potential for consistent rental income.

Cons

Age of Original Construction: Built in 1937, the property's age, despite recent upgrades, may imply potential for underlying infrastructure issues or higher long-term maintenance costs.
Lack of Specific Unit Details: The listing omits crucial investment details such as individual unit configurations (beds/baths), current rental income, lease terms, or vacancy rates, which are essential for a thorough financial assessment.
Missing Property Square Footage: The provided 'sqft: 3' is an error, and the actual total square footage of the triplex is not disclosed, hindering accurate valuation and comparison with similar properties.

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