5623 Cleon Avenue, North Hollywood, California 91601, North Hollywood, 91601 - 5 bed, 4 bath

5623 Cleon Avenue, North Hollywood, California 91601 home-pic-0
ACTIVE$1,050,000
5623 Cleon Avenue, North Hollywood, California 91601
5Beds
4Baths
222Sqft
5,553Lot
Year Built
1976
Close
-
List price
$1.05M
Original List price
$1.07M
Price/Sqft
$4,730
HOA
-
Days on market
-
Sold On
-
MLS number
SR25221325
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.05M(44th), sqft - 222(11th), beds - 5(78th), baths - 4(78th).

This deal just got even better- just reduced $25,000. Rock-solid duplex in North Hollywood offering built-in income AND real upside — 5 beds, 4 baths (2,262 sq ft), on 5,555 sq ft on an LAR2-zoned lot — but here’s where it gets interesting: L.A.’s current zoning + state housing laws open doors for MASSIVE expansion or redevelopment. Neighborhood perks? Think proximity to the NoHo Arts District, Metro access, top eateries, studios, high demand by creatives & commuters alike—all helping keep vacancy low and rents strong. Freshly Painted and well maintained! Bottom line: it’s more than a duplex—it’s a lever for serious upside in one of NoHo’s most dynamic submarkets. Sharp investors know the numbers pencil today, but the real play is the potential tomorrow, properties like this don’t just cash flow, they compound. Both tenants are open to relocation with assistance, offering buyers a clear exit strategy for vacancy if desired. Make your move—properties with this kind of potential get claimed quickly.

Price History

Date
Event
Price
10/25/25
Price Change
$1,050,000-2.3%
09/19/25
Listing
$1,075,000
Condition Rating
Fair

Built in 1976, the property is aged but appears to be maintained, as stated in the description. However, the images reveal significantly outdated kitchens with older cabinets, laminate/granite-look countertops, and basic appliances. Bathrooms also show dated vanities and fixtures. Popcorn ceilings and basic light fixtures are prevalent. While functional, the property requires substantial cosmetic updates, especially in the kitchen and bathrooms, to meet current aesthetic and quality standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Built-in Income Stream: As a duplex, the property offers immediate rental income, appealing to investors seeking cash flow and a stable return.
Significant Redevelopment Potential: The LAR2 zoning combined with current L.A. and state housing laws opens doors for massive expansion or redevelopment, promising considerable future value appreciation.
Prime North Hollywood Location: Situated near the NoHo Arts District, Metro access, top eateries, and major studios, ensuring high rental demand from creatives and commuters, leading to low vacancy and strong rents.
Well-Maintained Condition: Described as 'rock-solid' and 'freshly painted and well maintained,' indicating a property that has been cared for and may require less immediate capital expenditure.
Flexible Vacancy Strategy: The current tenants' willingness to relocate with assistance offers buyers a clear path to vacant possession for owner-occupancy, renovation, or redevelopment without immediate tenant issues.

Cons

Property Age: Built in 1976, the property is approaching 50 years old, potentially indicating older systems (e.g., plumbing, electrical, HVAC) that may require future updates or maintenance not explicitly mentioned as completed.
Potential Tenant Relocation Costs: While tenants are open to relocation, the need for 'assistance' implies an additional financial outlay for the buyer to secure vacant units, impacting initial investment.
Lack of Specific View: The property details explicitly state 'view:None,' which could be a minor disadvantage for buyers prioritizing scenic or desirable outlooks.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state