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$1,695,000
Est. payment /mo
8 Beds
7 Baths
4,299 SqFt
UPDATED:
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
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Listed by Arnold Daniels, DRE#02065145 Belmont Brokerage Inc
NEARBY SCHOOL & BUSINESS
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