Listing Agent: Arnold Daniels      Broker/Office: Arnold Daniels
5848 Cleon Avenue North Hollywood CA 91601
$ 1,995,000
  8   |    7   |    4299 Sq Feet

Listing ID

#GD26040356

Status

Active

Property Type

Single Family Residence

County

Los Angeles

Year Built

1938

Days on website

2

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
Financial Information
List Price:  $ 1995000
Property Features
Community Features:  Sidewalks, Suburban
High School District:  Los Angeles Unified
Levels:  Two
Senior Community YN:  false
Structure Type:  House
Water Source:  Public
High School District:  Los Angeles Unified
Senior Community YN:  false
MLS Area Major:  NHO - North Hollywood
City:  North Hollywood
Listed By:   Arnold Daniels   Arnold Daniels 
CA Lic#