5819 Cleon Avenue, North Hollywood, CA 91601

Property Description

Turnkey North Hollywood investment! Built in 2022, this two-building triplex offers approx. 3,008 sq ft, 8 bedrooms, and 7 full / 2 half baths on a 6,602 sq ft lot (LAR1). Units: 4BD/3.5BA (1,599 sf), 3BD/3.5BA (1,113 sf), and 1BD/1BA (296 sf). Modern exterior, coffered ceilings, quartz counters, tankless water heaters, split A/C, plus 4-car driveway. Excellent condition, no repairs needed. INCOME IN PLACE: master lease on all six units at 5813-5819 Cleon Ave, is $27,000/mo total, increase through year 6, then $29,700/mo; tenant pays utilities and maintains the units. Operating as a licensed recovery facility. BUYER TO ASSUME THE EXISTING LEASE. Near the 170 Fwy, schools, medical centers, and parks. Buyer to verify all information If 5817-5819 sells separately, tenant pays utilities and maintains the units..Rent: $27,000/month ($324,000/year) to one tenant, with a $27,000 security .deposit. These triplex is also good for traveling physician or Nurses with a freelance contract sponsored by their cooperation. 5813-5815 Cleon Ave, 5817-5819 Cleon Ave , Both together are, Living area of 3,420 sqft, & 3,008 sqft , with total of 6,428 sqft... 8 Bedrooms each , making 16 bedrooms total , Bathrooms 6 full + 2 half , 7 full + 2 half , 13 full + 4 half... 5813-5815;...Unit 1: 4 bd / 3 full + 1 half, 1,864 sf....Unit 2: 1 bd / 1 ba, 396sf...Unit 3: 3 bd / 2 full + 1 half, 1,160 sf...5817-5819:...Unit 1: 4 bd / 3 full + 1 half, 1,599 sf....Unit 2: 1 bd / 1 ba, 296 sf....Unit 3: 3 bd / 3 full + 1 half, 1,113 sf....