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6,037 Sqft Lot
6,037 Sqft Lot
Open House
Sat Aug 08, 11:30am - 3:00pm
Sun Aug 09, 12:00pm - 2:00pm
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26171331
HOA Y/N No
Year Built 1948
Lot Size 6,037 Sqft
Property Sub-Type Triplex
Property Description
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 (or more buyer to verify)
ADU Permitted
GAS, Electric and water heater all separate meters.
Water Meter is 5334 Unit 1/A
Certificate of Occupancy completed by City of L.A.
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
Interior Features All Bedrooms Up, All Bedrooms Down
Cooling Central Air
Fireplaces Type None
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Fireplace No
Appliance Washer
Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Exterior Feature Brick Driveway
Pool None
Community Features Street Lights, Sidewalks
View Y/N No
View None
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2416007015
Acceptable Financing Cash, Conventional, FHA, Fannie Mae, Freddie Mac, VA Loan
Listing Terms Cash, Conventional, FHA, Fannie Mae, Freddie Mac, VA Loan
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS