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1 Bed
1 Bath
2,080 SqFt
1 Bed
1 Bath
2,080 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,080 sqft
Price per Sqft $649
MLS Listing ID BB26098627
Bedrooms 1
Full Baths 1
HOA Y/N No
Year Built 1954
Lot Size 5,553 Sqft
Property Sub-Type Quadruplex
Property Description
Delivered with one vacant, extensively renovated unit featuring updated flooring, countertops, designer bathroom finishes, and brand new appliances, a buyer can immediately move in without the need for renovations or downtime. Meanwhile, the remaining three units provide stable, day-one income, allowing an owner-user to substantially reduce their effective monthly cost of living compared to a traditional single-family home or condo purchase.
Beyond its strong appeal to owner-users, the property also performs as a solid investment, offering a 5.33% cap rate, a low-expense operating profile with separately metered gas and electric, and additional upside as in-place rents trend toward market. The simple, efficient unit mix of four one-bedroom units consistently attracts tenant demand, while recent exterior improvements including fresh paint and new landscaping enhance curb appeal and minimize near-term capital needs.
Ideally located near the NoHo Arts District and the North Hollywood Metro Station, the property benefits from close proximity to major employment hubs including Universal Studios, Warner Bros., and Disney, along with immediate access to dining, coffee, retail, and entertainment. With its unique ability to blend lifestyle and investment, 5629 Cleon Ave presents a standout opportunity for a buyer looking to build equity, generate income, and live in one of Los Angeles' most dynamic rental markets.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Rooms
Main Level Bedrooms 1
Interior
Interior Features Bedroom on Main Level
Cooling Wall/Window Unit(s)
Flooring Tile, Vinyl
Fireplaces Type None
Fireplace No
Appliance Gas Range, Refrigerator
Laundry Common Area
Exterior
Pool None
Community Features Curbs, Street Lights, Sidewalks
View Y/N Yes
View Neighborhood
Private Pool No
Building
Lot Description Landscaped, Level, Street Level
Dwelling Type Quadruplex
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 2415006027
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS