5848 Cleon Avenue, North Hollywood, California 91601, North Hollywood, 91601 - 8 bed, 7 bath
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North Hollywood, California 91601
Analysis of 5848 Cleon Avenue, North Hollywood, California 91601 is currently available with a list price of $1,695,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the North Hollywood Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Although originally built in 1938, the property has undergone extensive recent renovations and includes a newly updated, modern ADU. The interiors feature high-end finishes, including contemporary kitchens with stainless steel appliances and stone countertops, updated bathrooms with modern tile work and glass enclosures, recessed lighting, and polished hardwood or laminate flooring throughout. All major systems appear updated, meeting current quality standards with no visible deferred maintenance.
The property generates approximately $9,000 in monthly rental income, providing immediate high-yield cash flow for investors in a competitive North Hollywood market.
Featuring a main residence, a modern 1,200 sq. ft. ADU, and a guest house, the estate offers rare flexibility for multi-generational living or diverse rental strategies.
Situated on a sprawling 13,547 sq. ft. lot, the property presents incredible potential for SB-9 expansion or further residential development to maximize future value.
With multiple structures and a main house dating back to 1938, the property requires more intensive management and potentially higher long-term maintenance overhead.
The listing necessitates rigorous independent verification of permits, square footage, and zoning, suggesting potential complexities regarding the documentation of all improvements.
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.)
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 3.0 | 98% |
| Baths | 7.0 | 2.0 | 98% |
| Square foot | 4,299 | 1,670 | 98% |
| Lot Size | 13,547.16 | 6,568.5 | 98% |
| Price | $1.70M | $1.12M | 80% |
| Price per sq ft | $394 | $729 | 2% |
| Built year | 1938 | 1941 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 183 | 7% |
Apr 16, 2026
$1,695,000
$1,745,000
-3% Price Drop
Initial Listing
Mar 2, 2026
$1,745,000
$1,995,000
-13% Price Drop
Initial Listing
Feb 23, 2026
$1,995,000
Initial Listing
Nov 15, 2012
$248,500
Public Record
May 31, 2007
$650,000
Public Record