Active

5629 Cleon

North Hollywood, CA 91601

$1,350,000 $5,691/Mo

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Overview

Bed

Bath

2,080

Sqft

5,553

Sqft(Lot)

Description

5629 Cleon Ave is a rare owner-user opportunity located on a quiet, tree-lined street in one of North Hollywood’s most desirable pockets just moments from the NoHo Arts District. The property offers a compelling opportunity to live in a fully renovated, move-in ready unit while offsetting your monthly housing cost with income from three in-place units, creating a significantly more efficient path to homeownership in Los Angeles. 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.

Property Details

Property Type : Residential Income

Price : $1,350,000

AD Id : 78007067

MLS Id : BB26098181

Beds : 4

Lot Size : 5,553 Sqft

Living Area Size : 2,080

Year Built : 1954

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Property Appliances: Gas Range,Refrigerator Flooring: Tile,Vinyl
Cooling Features

Wall/Window Unit(s) Air Conditioning

Heating Source

Forced Air Has Heating

Building Information

Year Built: 1954 Building Area Total: 2,080
Pool Features

None

Laundry Features

Common Area

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1275
Lot Size Source: Assessor Lot Size Square Feet: 5553

Listing Price Information

Original List Price: 1,350,000 Listing Contract Date: 2026-05-05
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 2415006027

Other Property Info

Source Listing Status: Active Source Neighborhood: NHO - North Hollywood Directions: Located on Cleon Ave, North of Burbank Blvd. Source Property Type: Residential Income Area: NHO - North Hollywood Property SubType: Quadruplex
Building and Construction

Property Age: 72 Common Walls: 2+ Common Walls,No One Above,No One Below Structure Type: Quadruplex Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: One Building Total Stories: 1

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
5431 Cartwright, North Hollywood, CA, 91601	$1,125,000	5	3	1,890	1,890 SqFt
5627 Riverton Avenue, North Hollywood, CA, 91601	$3,290,000	14	11	6,170	6,170 SqFt
5658 Willowcrest Ave, North Hollywood, CA, 91601	$998,000	3	3	2,395	2,395 SqFt
11667 Burbank, North Hollywood, CA, 91601	$875,000	2	1.5	2,720	2,720 SqFt

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ByOwner last updated this listing 06/09/2026 @ 06:24

MLS: BB26098181 LISTED BY: Cheyenne Womack, Myunits.com Inc. 844-698-6487 SOURCE: CRMLS