5629 Cleon, North Hollywood, CA 91601
Local realty services provided by:CENTURY 21 Masters
5629 Cleon,North Hollywood, CA 91601
$1,285,000
- 4 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: cheyenne womack, lauren cearley
Office: myunits.com inc.
MLS#:BB26098181
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,285,000
About this home
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 rent of approximately $2,250 per unit, creating built-in upside for future ownership. The property further benefits from separately metered gas and electric, on-site parking, recent exterior improvements including fresh paint and new landscaping, and a low-maintenance operating profile. Ideally located near t...
Contact an agent
Home facts
- Listing ID #:BB26098181
- Added:98 day(s) ago
- Updated:August 12, 2026 at 02:03 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
Heating and cooling
- Cooling:Wall/Window
- Heating:Forced Air Unit
Structure and exterior
- Levels:1 Story
Finances and disclosures
- Price:$1,285,000
New listings near 5629 Cleon
- New
$879,950Active2 beds 3 baths1,432 sq. ft.10659 Bloomfield Street, Toluca Lake, CA 91602
MLS# SR26176366Listed by: PINNACLE ESTATE PROPERTIES - New
$925,925Active2 beds 1 baths1,110 sq. ft.5505 Clybourn Avenue, North Hollywood, CA 91601
MLS# SR26176956Listed by: RODEO REALTY - Open Sun, 2 to 5pmNew
$585,000Active2 beds 3 baths923 sq. ft.11110 Camarillo Street #122, Toluca Lake, CA 91602
MLS# 26871097Listed by: SERHANT CALIFORNIA, INC - New
$1,300,000Active3 beds 2 baths1,478 sq. ft.10414 Tiara Street, North Hollywood, CA 91601
MLS# SR26172930Listed by: JOHNHART REAL ESTATE - New
$774,000Active2 beds 1 baths1,017 sq. ft.7854 Agnes Avenue, Los Angeles, CA 91605
MLS# CL26870845Listed by: COMPASS - Coming Soon
$579,000Coming Soon2 beds 2 baths6638 Clybourn Avenue #41, North Hollywood, CA 91606
MLS# 26871189Listed by: DESTINATION HOME, INC. - New
$429,900Active2 beds 1 baths1,136 sq. ft.6301 Coldwater Canyon #22, North Hollywood, CA 91606
MLS# SR26175393Listed by: D & D REALTY SERVICES - New
$800,000Active3 beds 2 baths1,191 sq. ft.13127 Archwood Street, North Hollywood, CA 91606
MLS# SR26169234Listed by: RE/MAX ONE - Open Sat, 2 to 5pmNew
$1,199,000Active5 beds 4 baths2,596 sq. ft.6729 Ensign Avenue, Los Angeles, CA 91606
MLS# 26865195Listed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES - New
$599,000Active2 beds 2 baths1,010 sq. ft.6604 Clybourn #29, Los Angeles, CA 91606
MLS# OC26146211Listed by: KELLER WILLIAMS REALTY