Condominium In North Hollywood

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.