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$ 1,350,000
Est. payment | /mo
2 Beds
1 Bath
6,038 Sqft Lot
$ 1,350,000
Est. payment | /mo
2 Beds
1 Bath
6,038 Sqft Lot
Open House
Sat Aug 08, 11:30am - 3:00pm
Sun Aug 09, 12:00pm - 2:00pm
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26171331
Bedrooms 2
Lot Size 6,038 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Fully permitted detached 2-bedroom, 1-bath ADU. COC is completed. ADU built 2025. ALL UNITS VACANT! 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
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Magnolia Blvd and Cleon Ave
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 2416007015
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Listed by Wendy Mancha-Barron, DRE#02395701 New Chapter Realty
NEARBY SCHOOL & BUSINESS
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