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5334 Cleon Avenue

North Hollywood, CA 91601
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Bed 6

Bed

Bath 3

Bath

SqFt2,775

Sqft

SqFt6,038

Sqft(Lot)

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.

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Detail Ic Property Details

Property Type : Residential

Price : $1,350,000

AD Id : 89043537

MLS Id : DW26169507

Beds : 6

Lot Size : 6,038 Sqft

Living Area Size : 2,775

Year Built : 1948

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 6

    Bathroom Information

    Total Baths: 3 Full Baths: 3
  • Interior Features

    AllBedroomsUp, AllBedroomsDown
    Appliances: Washer
    Laundry Features: WasherHookup, ElectricDryerHookup, GasDryerHookup
  • Heating & Cooling

    Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 1948
    Stories: 2
    Patio And Porch Features: None
    Pool Features: None
    Private Pool: No
    View: None
  • Exterior Features

    Exterior Features: BrickDriveway

  • Lot Information

    Main Square Feet: 6038 Lot Size Acres: 0.1386 Lot Size Source: Assessor Lot Size Square Feet: 6,038 Lot Description: TwoToFiveUnitsAcre

  • Listing Price Information

    Listing Price: $1350000
    Original Price: $135000000
    Cash, Conventional, FHA, FannieMae, FreddieMac, VaLoan

  • Tax Information

    Parcel Number: 2416007015 Tax Lot: 41

  • Location Information

    Direction: Magnolia Blvd and Cleon Ave WaterSource: Public
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5421 Denny Avenue, North Hollywood, CA, 91601 $1,200,000 2 1 776 776 SqFt
5055 Willowcrest, North Hollywood, CA, 91601 $1,199,700 3 2 1,877 1,877 SqFt

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ByOwner last updated this listing 08/18/2026 @ 04:38

MLS: DW26169507 LISTED BY: Wendy Mancha-Barron, New Chapter Realty 562-659-8931 SOURCE: CRMLS

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