5256 -5258 Cleon Ave North Hollywood, CA 91601
North Hollywood Neighborhood
4
Beds
3
Baths
1,940
Sq Ft
6,010
Sq Ft Lot
Highlights
- Guest House
- Bungalow
- 1-Story Property
- Slab Porch or Patio
- Detached Carport Space
About This Home
As of February 2025Attention Investors! Don't miss out on this prime opportunity in the heart of North Hollywood, one of LA's hottest up-and-coming neighborhoods. The NOHO Arts District is buzzing with energy and rapidly gaining recognition as one of the trendiest locales in Los Angeles. Known for its vibrant arts scene, NOHO boasts over 12 live theaters, professional dance and acting studios, recording studios, and a dynamic mix of dining and nightlife options. Plus, with direct access to the Metro Link, NOHO offers convenient connections to the rest of the city. This unique property features three detached units no shared walls offering privacy and flexibility for both investors and owner-occupants. *Front House (5258 Cleon Ave): A charming 2-bedroom, 1-bathroom home with approximately 1,100 sq. ft. of living space. The unit is equipped with modern amenities, including a washer and dryer, stove, built-in microwave, dishwasher, garbage disposal, refrigerator, custom kitchen completely renovated with granite counter tops. Four window AC units: one in each bedroom and one in living room and dining room. *Back House (5256 Cleon Ave): A cozy 1-bedroom, 1-bathroom house with approximately 460 sq. ft. of living space, complete with a refrigerator, stove, and window AC unit in the bedroom and living room, full bathroom with bathtub and marble floor. *Studio Unit (5256 1/2 Cleon Ave): A spacious studio apartment, offering approximately 380 sq. ft. of living space. The unit features a full kitchen, stove,refrigerator, garbage disposal, custom cabinets and bathroom with a bathtub and shower, ample closet space with sliding mirrored doors, and a window AC unit. The property includes a carport and 2-car parking pad in front of the back units and a long driveway with space for at least 2-3 additional vehicles. The front yard is fully fenced and offers a private garden for the front house, while the back units share a beautifully landscaped communal garden with roses and other greenery. A storage shed behind the two back units adds extra convenience. The studio unit (5256 1/2 Cleon Ave) will be delivered vacant, making this an ideal opportunity for anyone looking to live in the studio while renting out the other two units for steady income. It's also the perfect setup for a college-age student or a young professional looking to start investing. With new developments popping up in the area, including next door, the potential for growth is significant. Whether you choose to hold and rent, develop the property further, or simply enjoy the income stream, the possibilities are endless. Opportunities like this don't come around often so act fast before it's gone!
Last Agent to Sell the Property
eXp Realty of Greater Los Angeles License #01737314 Listed on: 12/06/2024
Last Buyer's Agent
Albert Babayan
License #01012033
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,536
Year Built
- Built in 1942
Lot Details
- 6,010 Sq Ft Lot
- Sprinkler System
- Property is zoned LAR3
Home Design
- Bungalow
- Asbestos Shingle Roof
- Stucco
Interior Spaces
- 1,940 Sq Ft Home
- 1-Story Property
Kitchen
- Oven or Range
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
- Detached Carport Space
- Driveway
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
- Property is located within a water district
- Gas Water Heater
- Sewer in Street
Additional Features
- Slab Porch or Patio
- Guest House
Community Details
- 3 Units
- Rent Control
Listing and Financial Details
- Tenant pays for gas, electricity, trash collection
- Assessor Parcel Number 2416-006-011
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 6, 2024
Closed on
Mar 6, 2025
Sold by
Dilanchian Levik
Bought by
Dream Apartments Llc
Seller's Agent
Andrea Marcum-Valentine
eXp Realty of Greater Los Angeles
Buyer's Agent
Albert Babayan
List Price
$1,198,999
Sold Price
$1,150,000
Premium/Discount to List
-$48,999
-4.09%
Views
46
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$114,333
Avg. Annual Appreciation
-16.78%
Original Mortgage
$920,000
Interest Rate
6.91%
Mortgage Type
New Conventional
Purchase Details
Listed on
Dec 6, 2024
Closed on
Jan 15, 2025
Sold by
Hamilton Trust and Hamilton Sandra Mae
Bought by
Dilanchian Levik
Seller's Agent
Andrea Marcum-Valentine
eXp Realty of Greater Los Angeles
Buyer's Agent
Albert Babayan
List Price
$1,198,999
Sold Price
$1,150,000
Premium/Discount to List
-$48,999
-4.09%
Views
46
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,000
Interest Rate
6.91%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 19, 2017
Sold by
Hamilton Sandra Mae and Hamilton Sandra M
Bought by
Hamilton Sandra Mae and The Hamilton Trust
Purchase Details
Closed on
Nov 17, 1993
Sold by
Becker Ralmund and Estate Of Joseph T Chambers
Bought by
Hamilton Sandra M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,200
Interest Rate
6.85%
Similar Homes in North Hollywood, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | $1,150,000 | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $164,000 | Southland Title Corporation |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $920,000 | New Conventional | |
| Previous Owner | $200,000 | Credit Line Revolving | |
| Previous Owner | $131,200 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/13/2025 02/13/25 | Sold | $1,150,000 | -4.1% | $593 / Sq Ft |
| 01/13/2025 01/13/25 | Pending | -- | -- | -- |
| 12/06/2024 12/06/24 | For Sale | $1,198,999 | -- | $618 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,536 | $278,715 | $193,747 | $84,968 |
| 2024 | $3,536 | $273,251 | $189,949 | $83,302 |
| 2023 | $3,471 | $267,894 | $186,225 | $81,669 |
| 2022 | $3,315 | $262,642 | $182,574 | $80,068 |
| 2021 | $3,264 | $257,494 | $178,995 | $78,499 |
| 2020 | $3,291 | $254,855 | $177,160 | $77,695 |
| 2019 | $3,169 | $249,859 | $173,687 | $76,172 |
| 2018 | $3,061 | $244,961 | $170,282 | $74,679 |
| 2017 | $2,993 | $240,159 | $166,944 | $73,215 |
| 2016 | $2,905 | $235,451 | $163,671 | $71,780 |
| 2015 | $2,863 | $231,915 | $161,213 | $70,702 |
| 2014 | $2,884 | $227,374 | $158,056 | $69,318 |
Source: Public Records
Agents Affiliated with this Home
-
Andrea Marcum-Valentine
Seller's Agent in 2025
Andrea Marcum-Valentine
eXp Realty of Greater Los Angeles
(323) 360-7663
1 in this area
58 Total Sales
-
A
Buyer's Agent in 2025
Albert Babayan
Map
Source: The MLS
MLS Number: 24-470041
APN: 2416-006-011
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Nearby Homes
- 5303 Satsuma Ave Unit 113
- 5303 Satsuma Ave Unit 120
- 5328 Cleon Ave
- 5334 Cleon Ave Unit 2
- 5335 Harmony Ave
- 5327 Riverton Ave
- 5620 & 5618 Cartwright Ave
- 10835 W Magnolia Blvd
- 5325 Denny Ave
- 5421 Denny Ave
- 10861 1/2 Hartsook St
- 10827 Hartsook St
- 10821 Hartsook St
- 5224 Denny Ave Unit 209
- 5445 Cartwright Ave
- 5503 Cartwright Ave
- 10919 1/2 Otsego St
- 11448 Cumpston St
- 10803 Otsego St
- 11063 Cumpston St