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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,695,000

Est. payment | -/mo

8 Beds

7 Baths

4,299 SqFt

Save

$ 1,695,000

Est. payment | -/mo

Save

8 Beds

7 Baths

4,299 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 4,299 sqft

Price per Sqft $394

MLS Listing ID GD26040356

Bedrooms 8

Full Baths 7

Year Built 1938

Lot Size 0.311 Acres

Property Sub-Type Detached

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

Direction north of burbank blvd, east of vineland blvd

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N Yes

Water Access Desc Public

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 2415011002

Acceptable Financing Exchange

Listing Terms Exchange

Special Listing Condition Standard

Listed by Arnold Daniels, DRE#02065145 Belmont Brokerage Inc

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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5848 Cleon Avenue North Hollywood, CA 91601