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Emma Verhoeven

emma@verhoevenrealty.com +1(714) 360-8712

$ 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 Single Family Residence

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

HOA Y/N No

Year Built 1938

Lot Size 0.311 Acres

Property Sub-Type Single Family Residence

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

Rooms

Main Level Bedrooms 8

Interior

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Suburban, Sidewalks

View Y/N No

View None

Private Pool No

Building

Lot Description 2-5 Units/Acre

Dwelling Type House

Story 2

Entry Level Two,Multi/Split

Sewer Public Sewer

Water Public

Level or Stories Two, Multi/Split

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 2415011002

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Arnold Daniels Belmont Brokerage Inc 818-967-6311, DRE #02065145

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 360-8712

emma@verhoevenrealty.com

5848 Cleon AVE North Hollywood, CA 91601