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$ 1,350,000
Est. payment | /mo
4 Beds
4 Baths
5,553 Sqft Lot
$ 1,350,000
Est. payment | /mo
4 Beds
4 Baths
5,553 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26098181
Bedrooms 4
Lot Size 5,553 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
5629 Cleon Ave is a rare owner-user opportunity located on a quiet, tree-lined street in one of North Hollywoods 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 din
Location
State CA
County Los Angeles
Zoning Assessor
Direction Located on Cleon Ave, North of Burbank Blvd.
Interior
Heating Forced Air Unit
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 2415006027
Listed by Cheyenne Womack, DRE#02064825 Myunits.com Inc.
Nearby Locations
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Keegan Wetzel
Founder | Naval Academy | OIF Veteran | License ID: 02153342