Property Detail

Description

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. 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.