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… Read More 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! Read Less
Courtesy of eXp Realty of Greater Los Angeles 888-652-1314
Listing Snapshot
Days Online
34
Last Updated
Property Type
Other
Beds
4
Square Ft.
1,940
Lot Size
0.14 Acres
Year Built
1942
MLS Number
24-470041
30 Days Snapshot Of 91601
$971k
-21%
(avg) sold price
5
-16%
homes sold
60
-48%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Garbage Disposal, Refrigerator, Range/Oven
Building
1,940 sq ft, Built in 1942, Levels: One, Detached/No Common Walls, Bungalow
Cooling
Wall/Window
Disclosures
None
Accessibility Features
None
Exterior Features
Stucco, Concrete Slab, Porch
Garage
0 total garage spaces, Driveway, Carport Detached, Driveway - Concrete
The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
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