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Listed by Wendy Mancha-Barron • New Chapter Realty
$1,350,000
Est. payment /mo
6 Beds
3 Baths
2,775 SqFt
Price Dropped by $133.7M
5334 Cleon Avenue North Hollywood, CA 91601
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,775 sqft
Price per Sqft $486
MLS Listing ID DW-26169507
Bedrooms 6
Full Baths 3
Year Built 1948
Lot Size 6,038 Sqft
Property Sub-Type Triplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Fully permitted detached 2-bedroom, 1-bath ADU
Exceptional North Hollywood Income Property with ADU & Prime Development Potential!
Discover an outstanding investment opportunity at 5334 Cleon Ave in the heart of North Hollywood. This versatile income property features two remodeled 2-bedroom, 1-bath units plus a newly added 2-bedroom, 1-bath ADU, creating three separate living spaces with excellent income-producing potential. Situated on a 6,038-square-foot LAR3-zoned lot, the property offers an exceptional combination of strong cash flow, owner-user flexibility, and long-term development upside.
The remodeled front units provide comfortable, modern living, while the spacious 2-bedroom, 1-bath ADU adds valuable rental income or flexible space for extended family, guests, or a home office. Whether you're looking to maximize rental returns, occupy one unit while renting the others, or explore future development opportunities (buyer to verify with the City of Los Angeles), this property offers outstanding versatility.
Ideally located just minutes from the NoHo Arts District, major studios, shopping, dining, entertainment, Metro access, and convenient freeway connections, this is a rare opportunity to own a high-demand property in one of the San Fernando Valley's most sought-after neighborhoods.
Property Highlights:
Two remodeled 2-bedroom, 1-bath units
Newly added 2-bedroom, 1-bath ADU
LAR3 zoning with future development potential (buyer to verify)
Excellent cash-flow opportunity for investors
Ideal owner-user property with multiple income streams
Potential rental $7,800 (buyer to verify)
Prime North Hollywood location near the NoHo Arts District, studios, restaurants, shopping, and public transportation
A rare opportunity to own a turnkey multi-unit property with three income-producing residences in one of Los Angeles' fastest-growing rental markets.
Exceptional North Hollywood Income Property with ADU & Prime Development Potential!
Discover an outstanding investment opportunity at 5334 Cleon Ave in the heart of North Hollywood. This versatile income property features two remodeled 2-bedroom, 1-bath units plus a newly added 2-bedroom, 1-bath ADU, creating three separate living spaces with excellent income-producing potential. Situated on a 6,038-square-foot LAR3-zoned lot, the property offers an exceptional combination of strong cash flow, owner-user flexibility, and long-term development upside.
The remodeled front units provide comfortable, modern living, while the spacious 2-bedroom, 1-bath ADU adds valuable rental income or flexible space for extended family, guests, or a home office. Whether you're looking to maximize rental returns, occupy one unit while renting the others, or explore future development opportunities (buyer to verify with the City of Los Angeles), this property offers outstanding versatility.
Ideally located just minutes from the NoHo Arts District, major studios, shopping, dining, entertainment, Metro access, and convenient freeway connections, this is a rare opportunity to own a high-demand property in one of the San Fernando Valley's most sought-after neighborhoods.
Property Highlights:
Two remodeled 2-bedroom, 1-bath units
Newly added 2-bedroom, 1-bath ADU
LAR3 zoning with future development potential (buyer to verify)
Excellent cash-flow opportunity for investors
Ideal owner-user property with multiple income streams
Potential rental $7,800 (buyer to verify)
Prime North Hollywood location near the NoHo Arts District, studios, restaurants, shopping, and public transportation
A rare opportunity to own a turnkey multi-unit property with three income-producing residences in one of Los Angeles' fastest-growing rental markets.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Interior
Cooling Central Air
Fireplaces Type None
Inclusions javascript:__doPostBack('m_lbSubmit', '')
Laundry Gas & Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup, Washer Included
Exterior
Parking Features Driveway - Brick
Pool None
Community Features Sidewalks, Street Lights
View Y/N No
View None
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
NEARBY SCHOOL & BUSINESS
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