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.
|
Prior to Aug 25, '26
|
$1,350,000
|
| Aug 25, '26 - Today |
$1,280,000 |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Ramsey -
Shilling to contact you even if your name is on a Federal or State
"Do not call List".
Listed with New Chapter Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 9/8/26 8:18 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2026.
Save favorite listings, searches, and get the latest alerts
Save your favorite listings, searches, and receive the latest listing alerts
Twitter
Facebook
Email
