5334 Cleon Avenue
North Hollywood, CA 91601
Listing broker / agent: New Chapter Realty · Wendy Mancha-Barron · 310-489-2091 · CRMLS
MLS # DW26169507 · Last checked Nov 14, 2026 19:52 UTC
About this property
Fully permitted detached 2-bedroom, 1-bath ADU 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 multiple income streams Potential rental $7,800 (buyer to verify) Prime North Hollywood location near the NoHo Arts District, studios, restaurants, shopping, and public transportation A rare opportunity to own a turnkey multi-unit property with three income-producing residences in one of Los Angeles' fastest-growing rental markets.
Property details
- MLS number
- DW26169507
- Status
- Active
- Type
- Residential
- Subtype
- Triplex
- Beds / baths
- 6 Beds • 3 Baths
- Living area
- 2,775 Sq Ft
- Lot size
- 0.1386 acres
- County
- Los Angeles
- Year built
- 1948
- Stories
- 2
More property detailsCollapse
Listing
- Days on market
- 33
Building
- Year built
- 1948
- Year built source
- Public Records
- Stories
- 2
- Building stories
- 2
- Levels
- Two
- Entry level
- 1
- Living area source
- Appraiser
Bathrooms
- Full bathrooms
- 3
Rooms & interior
- Main-level bedrooms
- 4
- Main-level bathrooms
- 2
- Rooms
- Bedroom, Other
- Appliances
- Washer
- Interior features
- All Bedrooms Up, All Bedrooms Down
- Cooling
- Central Air
- Fireplace
- None
- Laundry
- Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Exterior & parking
- Total parking spaces
- 0
- Garage spaces
- 0
- Pool
- None
- Spa
- None
- Patio / porch
- None
- Exterior features
- Brick Driveway
- Lot features
- Two To Five Units Acre
- Lot size source
- Assessor
- Property outlook
- None
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Community features
- Street Lights, Sidewalks
Fees & lease terms
- Association
- No
- Association fee
- $0.00
Schools reported in the listing
- High school district
- Los Angeles Unified
School information is supplied with the listing. Confirm current attendance boundaries and enrollment eligibility directly with the school district.
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| East Valley Senior High (school website, opens in a new tab) Los Angeles Unified · North Hollywood | 9–12 | 0.3 mi |
| Science Academy STEM Magnet (school website, opens in a new tab) Los Angeles Unified · North Hollywood | 6–12 | 0.3 mi |
| Lankershim Elementary (school website, opens in a new tab) Los Angeles Unified · North Hollywood | K–5 | 0.5 mi |
| Toluca Lake Elementary (school website, opens in a new tab) Los Angeles Unified · North Hollywood | K–5 | 0.7 mi |
| Oxnard Street Elementary (school website, opens in a new tab) Los Angeles Unified · North Hollywood | K–5 | 0.8 mi |
| Maurice Sendak Elementary (school website, opens in a new tab) Los Angeles Unified · North Hollywood | K–5 | 1.0 mi |
| Amelia Earhart Continuation (school website, opens in a new tab) Los Angeles Unified · North Hollywood | 9–12 | 1.1 mi |
| North Hollywood Senior High (school website, opens in a new tab) Los Angeles Unified · North Hollywood | 9–12 | 1.1 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $1,280,000
- MLS-reported original asking price
- $135,000,000
- MLS-reported previous asking price
- $1,350,000
- MLS-reported last price change
- 2026-08-25 11:27 UTC
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 05:41 | $1,280,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in North Hollywood
Active residential homes for sale in North Hollywood, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
24 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-11-14 20:11 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗