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 1/2 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!
Property Details
Price:
$1,198,999
MLS #:
24470041
Status:
Active
Baths:
0
Address:
5256 Cleon Avenue
Type:
Residential Income
Neighborhood:
nhonorthhollywood
City:
North Hollywood
Listed Date:
Dec 6, 2024
State:
CA
ZIP:
91601
Lot Size:
6,010 sqft / 0.14 acres (approx)
Year Built:
1942
See this Listing
Mortgage Calculator
Schools
Interior
Accessibility Features
None
Appliances
Disposal, Refrigerator
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Garage Spaces
0.00
Parking Features
Driveway, Detached Carport, Concrete
Parking Spots
5.00
Roof
Asbestos Shingle
Sewer
Sewer Paid
Spa Features
None
Stories Total
1
Financial
Tenant Pays
Gas, Electricity, Trash Collection
Map
Community
- Address5256 Cleon Avenue North Hollywood CA
- AreaNHO – North Hollywood
- CityNorth Hollywood
- CountyLos Angeles
- Zip Code91601
Similar Listings Nearby
- 11488 Erwin Street
North Hollywood, CA$1,550,000
1.37 miles away
- 5238 Hermitage
Valley Village, CA$1,500,000
1.81 miles away
- 633 E Fairmount Road
Burbank, CA$1,499,999
3.73 miles away
- 210 N Florence Street
Burbank, CA$1,499,994
2.07 miles away
- 4841 Tyrone Avenue
Sherman Oaks, CA$1,499,000
4.39 miles away
- 6944 Radford Avenue
North Hollywood, CA$1,498,000
2.51 miles away
- 5222 Hermitage Avenue
Valley Village, CA$1,475,000
1.81 miles away
- 6711 Clybourn Avenue
North Hollywood, CA$1,470,000
1.81 miles away
- 919 N Buena Vista Street
Burbank, CA$1,459,000
1.91 miles away
- 6827 Radford Avenue
North Hollywood, CA$1,450,000
2.39 miles away
Courtesy of eXp Realty of Greater Los Angeles. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
5256 Cleon Avenue
North Hollywood, CA
LIGHTBOX-IMAGES