Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5431 Cleon Ave North Hollywood, CA 91601-2834

    • Specialty properties
    • 1,638 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8252289
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Specialty properties

    Property Details for 5431 Cleon Ave

    Year built
    1952
    Construction
    WOOD
    Lot size
    0.15 lot acres
    Property size
    1,638 SF
    Zone code
    LAMR2
    Property type
    Specialty properties
    APN
    2416-002-002
    APU
    2416002002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.369
    Latitude
    34.1695
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $5,815
    $273,076
    $182,051
    $455,127
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,160 SF

      5026 Vineland Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,160 SF
      5026 Vineland Ave, North Hollywood, CA 91601-3816
      View Details
    • Value Estimation by Request
      3,406 SF

      5423 Tujunga Ave

      CREMATORIUM, MORTUARY • 3,406 SF
      5423 Tujunga Ave, North Hollywood, CA 91601-2702
      View Details
    • Value Estimation
      $815,000
      16,087 SF

      5122 Tujunga Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 16,087 SF
      5122 Tujunga Ave, North Hollywood, CA 91601-3742
      View Details
    • Value Estimation by Request
      1,975 SF

      10617 Burbank Blvd

      VETERINARY, ANIMAL HOSPITAL • 1,975 SF
      10617 Burbank Blvd, North Hollywood, CA 91601-2510
      View Details
    • Value Estimation by Request
      8,713 SF

      5901 Cahuenga Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 8,713 SF
      5901 Cahuenga Blvd, North Hollywood, CA 91601-1506
      View Details
    • Value Estimation by Request
      400 SF

      5536 Satsuma Ave

      Restaurants • 400 SF
      5536 Satsuma Ave, Los Angeles, CA 91601
      View Details

    Similar Nearby for Sale

    • $1,599,900

      Magnolia Blvd Specialty Property

      Specialty property available for sale on Magnolia Blvd.
      10443 Magnolia Blvd, North Hollywood, CA 91601
      View Details
    • $1,089,000

      Los Angeles Specialty Property Available

      Specialty property for sale in Los Angeles, California.
      5620 Cartwright Ave, North Hollywood, CA 91601
      View Details
    • $645,000
      1,276 SF

      Remodeled Townhome in Arts District

      Remodeled 2-bedroom townhome in North Hollywood Arts District.
      11274 Morrison St, North Hollywood, CA 91601
      View Details
    • $1,550,000

      Colfax Avenue Commercial Property

      Commercial property for sale on Colfax Avenue in Los Angeles.
      5444 Colfax Ave, North Hollywood, CA 91601
      View Details
    • $2,799,000
      1,802 SF

      Retail Cannabis Dispensary For Sale

      Freestanding retail building, single-tenant cannabis dispensary, excellent financials.
      10701 Burbank Blvd, North Hollywood, CA 91601
      View Details
    • $590,000

      Banquet Hall Business Opportunity

      Established banquet hall business with loyal client base for sale.
      11009 Burbank Blvd, Los Angeles, CA 91601
      View Details

    Similar Nearby for Lease

    • $105 SF/Yr
      400 SF

      Los Angeles Commercial Kitchen Space

      400 sq ft, Multi-Tenant Kitchen
      5536 Satsuma Ave, Los Angeles, CA 91601
      View Details
    • $3,900 /Mo

      Renovated Retail Space For Rent

      Recently renovated retail space with high visibility and prominent signage.
      10618 Magnolia Blvd, North Hollywood, CA 91601
      View Details
    • Contact for pricing
      5,340 SF

      North Hollywood Production Studio Sublease

      Freestanding building with production studio, cyc wall, editing bays.
      5250 Vineland Ave, North Hollywood, CA 91601
      View Details
    • $35 SF/Yr
      6,222 SF

      NoHo Retail Spaces Available

      Prime North Hollywood location, two retail spaces.
      5237 Lankershim Blvd, Los Angeles, CA 91601
      View Details
    • Contact for pricing
      2,650 SF

      North Hollywood Executive Suites

      Prime North Hollywood office space, 5 suites available.
      5250 Lankershim Blvd, Los Angeles, CA 91601
      View Details
    • Contact for pricing
      132 SF

      Prime Cahuenga Retail Opportunity

      Los Angeles Retail Space For Lease
      5624 Cahuenga Blvd, Los Angeles, CA 91601
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5431 Cleon Ave
    North Hollywood, CA 91601-2834
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.