11123 Cumpston Street, North Hollywood, California 91601, North Hollywood, 91601 - bed, bath
ACTIVE$1,599,999
11123 Cumpston Street, North Hollywood, California 91601
0Bed
0Bath
3Sqft
6,252Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: This is a permitted 3-unit property (Triplex), explicitly marketed as an investment opportunity, providing immediate rental income potential.
Top Cons:
Property Age: Built in 1937, the property's underlying infrastructure may present higher long-term maintenance costs or require significant system overhauls despite recent cosmetic upgrades.
Compared to the nearby listings
Price:$1.60M vs avg $1.65M ($-50,001)44%
Size:3 sqft vs avg 3,382 sqft11%
Price/sqft:$533.3K vs avg $48889%
More Insights
Built in 1937 (88 years old).
Condition: While the listing states a 'recent upgrade just 3 years ago' with 'modern amenities and stylish finishes throughout,' and the kitchens show updated stainless steel appliances, modern cabinets, and recessed lighting, one bathroom is clearly unfinished with exposed drywall and subfloor. This significant unfinished area contradicts the 'throughout' claim and means the property is not fully move-in ready without immediate renovation. Given the 1937 build year and the mix of recently updated areas with a major unfinished space, the property's overall condition is assessed as fair, requiring substantial completion work in at least one unit.
Year Built
1937
Close
-
List price
$1.6M
Original List price
$1.7M
Price/Sqft
$533,333
HOA
-
Days on market
-
Sold On
-
MLS number
IV25022315
Home ConditionFair
Features
Good View: Neighborhood
Patio
ViewNeighborhood
About this home
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
Fair
While the listing states a 'recent upgrade just 3 years ago' with 'modern amenities and stylish finishes throughout,' and the kitchens show updated stainless steel appliances, modern cabinets, and recessed lighting, one bathroom is clearly unfinished with exposed drywall and subfloor. This significant unfinished area contradicts the 'throughout' claim and means the property is not fully move-in ready without immediate renovation. Given the 1937 build year and the mix of recently updated areas with a major unfinished space, the property's overall condition is assessed as fair, requiring substantial completion work in at least one unit.
Pros & Cons
Pros
Income-Generating Asset: This is a permitted 3-unit property (Triplex), explicitly marketed as an investment opportunity, providing immediate rental income potential.
Strategic Location: Conveniently located next to the Metro and the trendy NoHo district, offering excellent access to transportation, shopping, dining, and entertainment, which attracts a strong tenant pool.
Future Development Potential: The R4 zoning designation allows for significant future development possibilities, offering long-term upside beyond the existing triplex.
Recent Modernization: The property boasts recent upgrades within the last three years, featuring modern amenities and stylish finishes that reduce immediate capital expenditure for a new owner.
Desirable Neighborhood: Situated in the heart of North Hollywood, a vibrant and growing area with high demand for housing and a dynamic urban lifestyle.
Cons
Property Age: Built in 1937, the property's underlying infrastructure may present higher long-term maintenance costs or require significant system overhauls despite recent cosmetic upgrades.
Price Adjustment: A notable price reduction from the original list price could indicate initial overvaluation or market resistance, potentially affecting perceived value or buyer confidence.
Limited Financial/Unit Specifics: The listing lacks crucial details such as individual unit square footage, bedroom/bathroom configurations, and current rental income, which are vital for a comprehensive investment analysis.