8 Units | Built in 1993 | Non-RSO Property

Highlights:

• Built in 1993
• Not Subject to LA Rent Control
• Only Subject to AB 1482
• Value Add | About 20% Upside
• Gated & Secured Property
• Ample Onsite Parking
• High Tenant Demand Pocket
• NoHo Arts District

Description:

The LAAA Team of Marcus & Millichap is 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 flow, strong upside potential, and long-term appreciation.

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