5256 -5258 Cleon Avenue, North Hollywood, CA 91601

• Listed Price : $1,198,999
• Beds : 4
  
• Baths : 3
  
• Property Size : 1,940 sqft
  
• Year Built : 1942
  

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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!

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Interior Features

Listing Information

Listing information courtesy of: Andrea Marcum-Valentine, eXp Realty of Greater Los Angeles. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 25th, 2024 at 1:18 AM 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.