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5527 Clybourn Avenue, North Hollywood, California 91601, North Hollywood, 91601 - bed, bath

5527 Clybourn Avenue, North Hollywood, California 91601 home-pic-0
ACTIVE$999,999
5527 Clybourn Avenue, North Hollywood, California 91601
0Bed
0Bath
1,789Sqft
5,883Lot
Year Built
1949
Close
-
List price
$1,000K
Original List price
$1,000K
Price/Sqft
$559
HOA
-
Days on market
-
Sold On
-
MLS number
SR25240053
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1000.0K(33th), sqft - 1789(11th), beds - undefined(50th), baths - undefined(50th).

5527-5529 Clybourn Avenue! Don’t miss this incredible opportunity to own a versatile triplex perfectly located on the desirable Burbank–North Hollywood border! This income-producing property features three 1-bedroom, 1-bathroom units totaling 1,789 SF of living space on a 5,883 SF lot. Each unit offers strong rental potential. All units are currently occupied. The property’s prime location provides easy access to major studios, freeways, shopping, and dining—making it a highly sought-after area for tenants and investors alike. Whether you’re looking to expand your portfolio, live in one unit and rent the others, or redevelop for added value, this property offers endless potential.

Price History

Date
Event
Price
10/20/25
Listing
$999,999
Condition Rating
Fair
Built in 1949, the property is aged. While the kitchens feature wood cabinets, granite countertops, and tile flooring, these updates appear to be approximately 15-20 years old, making them functional but dated. Appliances are basic black. The description notes 'aging systems' and potential for 'redevelopment for added value,' indicating that while currently livable and income-producing, the property requires minor updates and repairs, and major components show signs of being outdated, aligning with a 'Fair' condition.
Pros & Cons

Pros

Income-Producing Triplex: The property is a versatile triplex featuring three 1-bedroom, 1-bathroom units, providing immediate income generation for investors.
Prime Location: Strategically located on the desirable Burbank–North Hollywood border, offering excellent access to major studios, freeways, shopping, and dining, which enhances tenant demand and property value.
Fully Occupied Units: All three units are currently occupied, ensuring immediate rental income and cash flow for a new owner without vacancy concerns.
Versatile Investment Opportunity: Offers flexibility for various investment strategies, including portfolio expansion, owner-occupancy with rental income, or redevelopment for added value.
Strong Rental Potential: Each unit is noted to have strong rental potential, driven by the highly sought-after location and consistent demand for housing in the area.

Cons

Property Age: Built in 1949, the property may have aging systems, infrastructure, and finishes that could require significant maintenance, repairs, or upgrades in the near future.
Unit Configuration Limitation: All units are 1-bedroom, 1-bathroom, which might limit the potential tenant pool primarily to singles or couples, potentially excluding families seeking larger living spaces.
Potential for Capital Expenditure: The description highlights 'redevelop for added value,' suggesting that substantial capital investment may be necessary to modernize the property or maximize its full potential, rather than being a turnkey asset.

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