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    11521 Cumpston Street

    North Hollywood, CA 91601
    • $1,800,000
    • STATUS: Active
    • ON SITE: 32 days
    • ID#: SR21183852
    UPDATED: 72 min ago
    $1,800,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Amazing opportunity to get a residential income property in NOHO! FIRST TIME ON MARKET IN OVER 30 YEARS! Walking distance to NOHO Arts district and NOHO Metro Station. Nice unit mix that includes three 2 Bedrooms, one 1 Bedroom, and two Studio Apartments with plenty of rent upside potential. Soft Story Earthquake Retrofit is COMPLETE! All new copper plumbing with permit was completed in 2015. New Sewer line to city completed in 2015 as well. Laundry Room on site. Current Resident Manager is in a 2 bedroom and will vacate the property at the end of September. One of the studio apartments just vacated and will be delivered vacant at close of escrow. The street has been developing large buildings and this may be a great candidate! Please call with any questions!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T11:26:42.917. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
    www.sellinglasouthbay.com/homes/120645327
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    11521 Cumpston Street North Hollywood, CA 91601

    • Price: $1,800,000
    • Status: Active
    • Updated: 72 min ago
    • ID#: SR21183852
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1962
    Built
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    Amazing opportunity to get a residential income property in NOHO! FIRST TIME ON MARKET IN OVER 30 YEARS! Walking distance to NOHO Arts district and NOHO Metro Station. Nice unit mix that includes three 2 Bedrooms, one 1 Bedroom, and two Studio Apartments with plenty of rent upside potential. Soft Story Earthquake Retrofit is COMPLETE! All new copper plumbing with permit was completed in 2015. New Sewer line to city completed in 2015 as well. Laundry Room on site. Current Resident Manager is in a 2 bedroom and will vacate the property at the end of September. One of the studio apartments just vacated and will be delivered vacant at close of escrow. The street has been developing large buildings and this may be a great candidate! Please call with any questions!
    Exterior Features

    Carport Spaces 4 Carport YN Yes Lot Features LawnYard Number Of Separate Electric Meters 6 Open Parking Spaces 2 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Cap Rate 3 Common Interest None Community Features Valley Electric Expense 875 Fuel Expense 0 Garage YN No Gross Income 52867 Gross Scheduled Income 83604 Insurance Expense 3234 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 3665 Net Operating Income 52867 New Construction YN No Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 30737 Pest Control Expense 1260 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 7223 Trash Expense 2738 Water Sewer Expense 3396 Water Source Public Zoning Lar3

    Listing provided courtesy of William Hardege of Edge Property Management,Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T11:26:42.917. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
     
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    Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay
    23670 Hawthorne Blvd. #100
    Torrance CA, 90505