5256 Cleon Ave Active Save Request In-Person Tour Request Virtual Tour
North Hollywood,CA 91601
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,940 sqft
Price per Sqft $618
MLS Listing ID 24-470041
Style Bungalow
Bedrooms 4
Year Built 1942
Lot Size 6,010 Sqft
Acres 0.138
Property Description
Attention Investors! Don't miss out on this prime opportunity in the heart of North Hollywood, one of LA's hottest up-and-coming neighborhoods. The NOHO Arts District is buzzing with energy and rapidly gaining recognition as one of the trendiest locales in Los Angeles. Known for its vibrant arts scene, NOHO boasts over 12 live theaters, professional dance and acting studios, recording studios, and a dynamic mix of dining and nightlife options. Plus, with direct access to the Metro Link, NOHO offers convenient connections to the rest of the city. This unique property features three detached units no shared walls offering privacy and flexibility for both investors and owner-occupants. *Front House (5258 Cleon Ave): A charming 2-bedroom, 1-bathroom home with approximately 1,100 sq. ft. of living space. The unit is equipped with modern amenities, including a washer and dryer, stove, built-in microwave, dishwasher, garbage disposal, refrigerator, custom kitchen completely renovated with granite counter tops. Four window AC units: one in each bedroom and one in living room and dining room. *Back House (5256 Cleon Ave): A cozy 1-bedroom, 1-bathroom house with approximately 460 sq. ft. of living space, complete with a refrigerator, stove, and window AC unit in the bedroom and living room, full bathroom with bathtub and marble floor. *Studio Unit (5256 Cleon Ave): A spacious studio apartment, offering approximately 380 sq. ft. of living space. The unit features a full kitchen, stove,refrigerator, garbage disposal, custom cabinets and bathroom with a bathtub and shower, ample closet space with sliding mirrored doors, and a window AC unit. The property includes a carport and 2-car parking pad in front of the back units and a long driveway with space for at least 2-3 additional vehicles. The front yard is fully fenced and offers a private garden for the front house, while the back units share a beautifully landscaped communal garden with roses and other greenery. A storage shed behind the two back units adds extra convenience. The studio unit (5256 1/2 Cleon Ave) will be delivered vacant, making this an ideal opportunity for anyone looking to live in the studio while renting out the other two units for steady income. It's also the perfect setup for a college-age student or a young professional looking to start investing. With new developments popping up in the area, including next door, the potential for growth is significant. Whether you choose to hold and rent, develop the property further, or simply enjoy the income stream, the possibilities are endless. Opportunities like this don't come around often so act fast before it's gone!
Location
State CA
County Los Angeles
Area North Hollywood
Zoning LAR3
Rooms
Other Rooms GuestHouse
Interior
Heating Wall
Cooling Wall/Window
Inclusions See attached list.
Equipment Garbage Disposal, Refrigerator, Range/Oven
Exterior
Parking Features Driveway, Carport Detached, Driveway - Concrete
Garage Spaces 5.0
Roof Type Asbestos Shingle
Handicap Access None
Building
Story 1
Sewer In Street Paid
Water Water District
Architectural Style Bungalow
Level or Stories One
Structure Type Stucco
Others
Special Listing Condition Standard