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Listed by Cheyenne Womack, DRE #02064825 • Myunits.com Inc.
$1,285,000
Est. payment /mo
5,553 Sqft Lot
Price Dropped by $65K
5629 Cleon North Hollywood, CA 91601
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB26098181
Year Built 1954
Lot Size 5,553 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
5629 Cleon Ave is a fully leased four-unit multifamily investment 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 has recently been stabilized at 100% occupancy, providing investors with immediate cash flow from day one. Two of the four units have been leased on brand-new 2026 lease agreements, reducing near-term turnover risk while providing predictable income. The property's efficient four one-bedroom unit mix continues to attract strong tenant demand in one of Los Angeles' most sought-after rental submarkets. A standout feature of the offering is Unit D, which recently underwent an extensive renovation including updated flooring, countertops, designer bathroom finishes, and new appliances. Following completion of the renovation, the unit leased in just two days, demonstrating the strong rental demand and rent potential for upgraded units in the area. In addition to stable in-place income, the property offers meaningful value-add potential. Two units are currently leased below market rents, providing a clear path for future revenue growth through natural tenant turnover and rental increases. Current rents average $2,022 per month compared to an estimated market r
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Rooms
Kitchen Oven Range - Gas, Refrigerator
Interior
Heating Forced Air
Cooling Window / Wall Unit
Laundry Community Facility
Exterior
Garage Spaces 4.0
Pool None
View Local/Neighborhood
Building
Lot Description Grade - Level
Story One Story
Water District - Public
Others
Tax ID 2415006027
Special Listing Condition Not Applicable
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