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    5334 Cleon Ave, Unit 2 North Hollywood, CA 91601

    For Sale
    $1,295,000

    Remodeled triplex in North Hollywood's Arts District with R3 zoning.

    Lot size:
    0.14 Acres

    Property Features for 5334 Cleon Ave

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1948

    Source: Elevate Luxury Living Agent Ronen Saruri

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    North Hollywood Triplex with Development Potential

    Located in the heart of North Hollywood, near the Arts District, this triplex offers opportunities for investors and owner-users. Situated on an R3-zoned lot, the property features two remodeled units and a new third unit. The R3 zoning allows for the possibility of building additional units or developing a multi-unit apartment building. The property is located in a growing neighborhood with walkability to cafes, galleries, and transit.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.3684564
    Latitude
    34.1679079

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    FAQs

    What type of property is this?
    Triplex - Remodeled triplex in North Hollywood's Arts District with R3 zoning.
    Where is this triplex located?
    The property is located at 5334 Cleon Ave, Unit 2 North Hollywood, CA.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: - All Units Vacant: Ideal for immediate occupancy, renovation, or tenant selection.; - R3 Zoning: Significant development potential for additional units or a multi-unit apartment building.; - Prime North Hollywood Location: Steps from the Arts District, with excellent walkability to cafes, galleries, and transit.
    (818) 620-2244
    Request Owner's contact information
    5334 Cleon Ave, Unit 2 North Hollywood, CA 91601
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    North Hollywood, CA 91601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5334 Cleon Ave, Unit 2 North Hollywood, CA 91601
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