5629 Cleon Ave, North Hollywood
Owner-User Dream Steps from NoHo Arts
5629 Cleon Ave presents a rare owner-user opportunity on a quiet, tree-lined street just moments from the vibrant NoHo Arts District in North Hollywood. Delivered with one fully renovated, move-in ready unit, a buyer can immediately occupy while generating income from three in-place units to offset monthly housing costs. Combining strong investment fundamentals with a prime location near major studios, transit, and local amenities, this property offers an ideal blend of income, convenience, and long-term upside.
The Important
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$1,350,000
Fourplex
Pre-Market
4
1954
5.33%
13.83
$103,200
2,080 sqft
5,553 sqft
$649.04
$337,500
4 x 1b/1b
No
4 Exterior Parking Spots
Yes
Other Features:
Perfect to Owner Occupy, 3/4 Units Currently Leased, Pride-of-Ownership NoHo Arts Fourplex
The Highlights
Live in one, rent the rest: collect income from 3 units to significantly offset your monthly mortgage
Vacant, fully renovated unit delivered at close: move-in ready with no renovation required
A smarter alternative to a condo or SFR: achieve homeownership in NoHo with built-in income
Strong in-place rents provide immediate stability: ideal for owner-users or first-time investors
Potential to live at a significantly reduced net cost compared to renting or owning traditionally
5.33% cap rate that actually pencils: solid return for a well-located, pride-of-ownership asset
Day-one income with upside: 3 of 4 units already occupied with room to grow rents
Below-market rents on select units: clear path to increased cash flow over time
Low expenses, high efficiency: separately metered gas & electric keeps operations lean
4 on-site parking spaces: a major advantage for both owner-users and tenants in NoHo
Prime NoHo location near Arts District, Metro, and major studios: strong tenant demand and lifestyle appeal
The Neighborhood
<15-Minute Walk
Macy’s, The Cheesecake Factory, Mendocino Farms, Furley's Bar - Glendale, Porto's Bakery and Cafe, Mario's Italian Deli & Market
<15-Minute Drive
NoHo Arts District, The Federal, Amazon Fresh, Eat, Dave's Hot Chicken, Republic of Pie, 24 Hour Fitness, NoHo West, Porto’s Bakery & Cafe, Laemmle NoHo7, North Hollywood Park, The Good Nite
<$15 Uber Ride
BJ's Restaurant & Brewhouse, California Pizza Kitchen at Glendale, Olive Garden Italian Restaurant, Starbucks Coffee Company, Target, Din Tai Fung, Broadway Burger, Barnes & Noble, Louis Vuitton Glendale Americana
Property Presented By:
