5223 Corteen Pl, Valley Village, CA 91607
5223 Corteen Pl, Valley Village, CA 91607
5223 Corteen Pl, Valley Village, CA 91607
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Ever Banuelos

Ever Banuelos

+1(323) 833-9824
$2,725,000
Est. payment /mo
18 Beds
16 Baths
11,202 SqFt
Save Virtual Tour

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,202 sqft

Price per Sqft $243

MLS Listing ID 26661965

Bedrooms 18

Year Built 1956

Lot Size 0.377 Acres

Acres 0.3774

Property Sub-Type Multi-Family

Property Description

Now offered at just 11.6x gross on in-place rents! Fully occupied with 2.76% assumable financing in place. 5223 Corteen Place presents a rare opportunity to acquire a premier 10-unit multifamily asset in the heart of Valley Village, offered alongside its sister property at 5227 Corteen (separately priced). Situated on an oversized 16,000+ SF R3-zoned lot, the property offers meaningful future upside with the potential to add up to 8 ADUs (Buyer to Verify), creating a clear path to increased density and long-term value creation. The asset features a highly desirable unit mix of primarily 2- and 3-bedroom units, catering to Valley Village's strong tenant base of professionals, families, and entertainment industry employees. Built in 1956, the property is 100% occupied, delivering immediate, stable income with additional upside through strategic renovations and operational improvements. The property benefits from excellent curb appeal, lush landscaping, a gated swimming pool, and ample on-site parking amenities that continue to drive strong tenant demand and long-term retention. What truly sets this offering apart is the exceptional 2.76% interest-only assumable loan through 2030, providing immediate positive leverage in today's high-rate environment. With debt significantly below current market rates, investors can realize enhanced cash flow from day one while securing a powerful hedge against inflation and future rate volatility. Located on a quiet, tree-lined street in a prime Valley Village location, the property offers convenient access to Ventura Boulevard's retail and dining corridor, as well as proximity to major employment hubs including Studio City, Universal, and Warner Bros. Valley Village continues to stand out as one of the San Fernando Valley's most stable and consistently appreciating rental markets, driven by strong demographics and limited new supply. 5223 & 5227 Corteen Place offer a rare chance to acquire scale, secure below-market debt, and unlock future density in a high-demand Los Angeles submarket all while generating durable in-place income and long-term appreciation.

Location

State CA

County Los Angeles

Area Valley Village

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Forced Air

Cooling Wall/Window

Equipment Range/Oven

Exterior

Parking Features Carport

Garage Spaces 10.0

View Y/N Yes

View City, City Lights

Building

Level or Stories Two

Others

Special Listing Condition Standard

Virtual Tour https://vimeo.com/1172499908/6616251779

Read Less Info
TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Dana Brody

Nearby Locations

GET MORE INFORMATION

Ever Banuelos
Ever Banuelos

Team Leader | License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

Name
Phone*
Message

By checking this box, I agree to receive recurring marketing communication from EB Group Realtors, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By checking this box, I agree to the Terms of Service and Privacy Policy of this website.