We are very proud to present 5223 & 5227 Corteen Place, a premier offering of two sister 10-unit multifamily properties (5227 has its own listing and price) located in the highly desirable residential enclave of Valley Village, one of the San Fernando Valley's most stable and consistently appreciating rental markets.… Read More Offered with rare 2.76% interest-only assumable financing, this asset provides investors with an exceptional opportunity to acquire immediate positive leverage in today's high interest rate environment, significantly enhancing cash flow and long-term wealth preservation. Opportunities to secure long-term debt below current market rates are increasingly scarce, making this offering particularly compelling for investors seeking stable yield and inflation-hedged returns.Built in 1956, the property features an attractive unit mix of mostly two and three-bedroom units designed to appeal to Valley Village's strong base of professional tenants, families, and entertainment industry employees. The property benefits from strong in-place income with additional upside potential through strategic interior renovations and operational improvements.Situated on a quiet tree-lined street, the asset offers residents convenient access to nearby lifestyle amenities along Ventura Boulevard, as well as proximity to major employment centers including Studio City, Universal Studios, and Warner Bros. Studios. The neighborhood continues to attract high-quality tenants due to its balance of suburban livability and central accessibility to Hollywood, Burbank, and the greater Los Angeles employment base. 5223 & 5227 Corteen Place represents a rare opportunity to acquire scale in a high-demand rental submarket supported by strong demographics, limited new supply, and consistent long-term appreciation trends. The combination of below-market assumable debt, strong tenant demand, and operational upside positions the asset as an ideal acquisition for investors seeking both durable income and long-term capital growth. With its premier Valley Village location, attractive unit mix, and highly favorable assumable financing structure, 5223 & 5227 Corteen Place offers investors the opportunity to secure a high-quality multifamily asset designed to deliver stable cash flow, long-term appreciation, and portfolio diversification in one of Los Angeles' most resilient rental markets. Read Less
Property listed by Dana Brody, Dana Brody 310-259-7556
Listing Snapshot
Days Online
25
Last Updated
Beds
18
Square Ft.
11,202
Lot Size
0.38 Acres
Year Built
1956
MLS Number
26661965
Additional Details
Building
Built in 1956, Living area: 11202.0, 1 building, Building faces East, Levels: Two
Cooling
WallWindowUnits
Heating
ForcedAir
Income
Gross Income: $245,708, Net Operating Income: $162,068
Lot
0.3774 acres
Parking
10 carport spaces, 10 total parking spaces, Carport
Property
CityLights
Taxes
Parcel Number: 2347028006, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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