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.)
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8BEDS
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0.31ACRES
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7BATHS
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01/2 BATHS
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4,299SQFT
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$406$/SQFT
School Ratings & Info
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.)
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