5629 Cleon Ave is a rare fourplex 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 1-bedroom/1-bathroom unit while offsetting your monthly… Read More housing cost with income from the remaining three in-place units, creating a significantly more efficient path to homeownership in Los Angeles. Delivered with one vacant, extensively renovated 1-bedroom/1-bathroom 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 efficient fourplex layout consisting entirely of 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. Read Less
Listing courtesy of Myunits.com Inc..Cheyenne N. Womack
Listing Snapshot
Days Online
41
Last Updated
Beds
4
Full Baths
4
Square Ft.
2,080
Lot Size
0.13 Acres
Year Built
1954
MLS Number
BB-26098627
Additional Details
Property Access
Road surface type: "Paved"
Appliances & Equipment
"Gas Range", "Refrigerator"
Building
Building area total: 2,080, Levels: "One", 1 total story, Built in 1954
Cooling
"Wall/Window Unit(s)"
Fireplaces
"None"
Floors
"Vinyl", "Tile"
Laundry
"Community"
Lot
"Landscaped", "Level", "Level with Street", 0.13 acres, Lot size area: 5,553, 5,553 square feet
Sewer
"Public Sewer"
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