Prime investment opportunity in dynamic North Hollywood! Generating approximately $9,000/month in current rental income, this expansive multi-structure estate at 5848 & 5846 Cleon Ave immediate cash flow with fantastic future upside. The spacious 2,118 sq. ft. main residence features 3 bedrooms, 2 bathrooms, central A/C, and a 459 sq. ft. oversized garage. Accompanying the main house is a beautifully updated, modern 1,200 sq. ft. ADU and a versatile 500 sq. ft. guest house. Incredible bonus amenities include a massive 480 sq. ft. recreation room, a dedicated 67 sq. ft. laundry room, a 201 sq. ft. covered patio, and a lush, fruit-bearing garden that maximizes tenant appeal. Boasting a sprawling footprint, this property has incredible upside with potential for SB-9 expansion or additional development. A rare, high-performing asset in a highly desirable neighborhood! (Buyer and Buyer's Agent to independently verify all square footage, room counts, permits, zoning, and SB-9/development potential with the City of Los Angeles.)
MLS #
CRGD26040356
MLS Source
California Regional MLS
Days on Site
14
Fireplace
None
Laundry
Community Facility
Cooling
Central Forced Air
Pool
None
Garage/Parking
Garage: 0 Car(s)
Elementary District
Los Angeles Unified
High School District
Los Angeles Unified
HOA Fee
$0
5848 Cleon Ave is a Single Family Residence in North Hollywood, CA 91601. This 4,299 square foot property sits on a 0.311 Acres Lot and features 8 bedrooms & 7 full bathrooms. It is currently priced at $1,745,000 and was built in 1938. This address can also be written as 5848 Cleon Ave, North Hollywood, CA 91601.
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This listing information is up-to-date as of March 02, 2026. For the most current information, please contact Arnold Daniels, (818) 967-6311