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Listed by Arnold Daniels • Belmont Brokerage Inc
$ 1,695,000
Est. payment /mo
Price Dropped by $50K
5848 Cleon Avenue North Hollywood, CA 91601
8 Beds
7 Baths
4,299 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 4,299 sqft
Price per Sqft $394
MLS Listing ID GD-26040356
Bedrooms 8
Full Baths 7
Year Built 1938
Lot Size 0.311 Acres
Property Sub-Type Single Family Residence
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Prime investment opportunity in dynamic North Hollywood! Generating approximately $9,000/month in current rental income, this expansive multi-structure estate at 5848 & 5846 Cleon Ave immediate cash flow with fantastic future upside. The spacious 2,118 sq. ft. main residence features 3 bedrooms, 2 bathrooms, central A/C, and a 459 sq. ft. oversized garage. Accompanying the main house is a beautifully updated, modern 1,200 sq. ft. ADU and a versatile 500 sq. ft. guest house. Incredible bonus amenities include a massive 480 sq. ft. recreation room, a dedicated 67 sq. ft. laundry room, a 201 sq. ft. covered patio, and a lush, fruit-bearing garden that maximizes tenant appeal. Boasting a sprawling footprint, this property has incredible upside with potential for SB-9 expansion or additional development. A rare, high-performing asset in a highly desirable neighborhood! (Buyer and Buyer's Agent to independently verify all square footage, room counts, permits, zoning, and SB-9/development potential with the City of Los Angeles.)
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Interior
Cooling Central Air
Fireplaces Type None
Laundry Community
Exterior
Pool None
Community Features Sidewalks, Suburban
View Y/N No
View None
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
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