5256-5258 Cleon Avenue
$1,198,999
4
3
1,940
1,940
$618
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...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!
- Listed by Andrea Marcum-Valentine • DRE #01737314 • Brokerage DRE #01828532 • eXp Realty of Greater Los Angeles
Property Details for 5256-5258 Cleon Avenue
Zoning
LAR3
StyleBungalow
Accessibility FeaturesNone
Parcel Number2416006011
Total Units3.0
Living Area1940
Source Living AreaAssessor
AreaNorth Hollywood (NHO)
LISTING UPDATED: 12/26/2024 12:54 AM
Property Details for 5256-5258 Cleon Avenue
Status | Active |
---|---|
MLS # | 24-470041 |
Days on Market | 24 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1942 |
Lot Size | 0.14 AC / 6,010 SF |
County | Los Angeles County |
Building Information for 5256-5258 Cleon Avenue
Stories1Residences-Year Built1942Building Size-Lot Size0.14 AC / 6,010 SF
Property Information for 5256-5258 Cleon Avenue
Property History for 5256-5258 Cleon Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 5256-5258 Cleon Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Lankershim Elementary School PublicK to 5 | ||
Walter Reed Middle School Public6 to 8 | ||
East Valley Senior High School Public9 to 12 | ||
Science Academy STEM Magnet Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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