5848 Cleon Avenue

Description

Discover 5848 & 5846 Cleon Ave in North Hollywood, where luxury meets opportunity. The main house sprawls over 2,118 square feet, offering three bedrooms and two bathrooms, all cooled & heated by central air conditioning. It comes with a 459-square-foot garage, perfect for car enthusiasts or those needing additional storage space. Adjacent to the main house, you'll find a charming guest house of 500.5 square feet, ideal for extended family or generating rental income. The property doesn't stop there; it includes a 480.5-square-foot recreation room, which could serve as a game room, gym, or another living area. There's also a practical 67-square-foot laundry room, ensuring convenience is at your fingertips. A highlight of the estate is the newly built 1,200-square-foot Accessory Dwelling Unit (ADU), adding modern flair and substantial value to the property. Outside, a 201-square-foot covered patio invites you to relax or entertain, overlooking a beautiful garden that not only enhances the aesthetic appeal but also offers fresh fruits right from your backyard. This property isn't just a place to live; it's an investment. Currently, it generates approximately $9,000 per month in rental income, with all structures fully permitted. Moreover, under the provisions of SB-9, there's potential to add another house, plus one junior ADU, opening up even more possibilities for expansion or additional income streams. Nestled in the vibrant community of North Hollywood, this property represents an unparalleled opportunity for those looking to invest in their future or simply enjoy the lifestyle of one of LA's most dynamic neighborhoods.

Listing information courtesy of: Arnold Daniels, Coldwell Banker Hallmark Realty 818-967-6311. *Based on information from the Association of REALTORS/Multiple Listing as of 02/11/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.