The story
Turnkey North Hollywood investment opportunity! Built in 2022, 5813-5815 Cleon Ave is a two-story, two-building triplex offering approximately 3,420 sq ft of living space, 8 bedrooms, and 6 full / 2 half baths on a 6,608 sq ft lot zoned LAR1. The mix includes a 4BD/3.5BA unit (1,864 sf), a 3BD/2.5BA unit (1,160 sf), and a 1BD/1BA unit (396 sf). Quality construction features stucco exterior, composition shingle roof, vinyl windows, hardwood and tile flooring, central A/C with forced-air heat, tankless water heaters, and smoke/CO detectors throughout. Functional kitchens with appliances, private patios and porches, block fencing, a 2-car attached garage, and a 2-car concrete driveway. The property is in excellent condition with no repairs or modernization needed. Conveniently located near the 170 Freeway, schools, medical centers, parks, and major employment centers. Currently operating as a licensed recovery facility. BUYER TO ASSUME THE EXISTING RENTAL, with tenancy and rental income in place from day one. Ideal for investors seeking newer construction and stable, immediate cash flow. A great Investor opportunity , 3 residence , 4 years a recovery center in place under a long term lease of $27, 000 per month , Scheduled rent step to $29,000 in 6 to 9 years , its also near the NOHO arts district, the metro B line and the freeways.
