Properties

Valley Village, CA 91607 5223 Corteen Place

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Presented By: Dana Brody with Dana Brody;
  • MLS# 26661965
  • 03/09/2026
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  • Beds • 18
  • Baths • 4
  • SQFT • 11,202

Home Details

We are very pleased to present The Sunset Legacy Collection, an exceptional six-property multi-family investment portfolio totaling 64 units located across some of Los Angeles' most sought-after rental markets including West Hollywood, Hollywood, Pico/Robertson, and Valley Village. Included in the Sunset Legacy Collection is 5223 Corteen Place, a beautifully maintained 10-unit asset in prime Valley Village, being sold with its sister property 5227 Corteen Place, also a 10-unit multi-family building, that share a beautifully landscaped courtyard, as well as ample parking in the rear and a swimming pool. Both buildings, which sit on a combined .75 acres of land, boast an excellent mix of 1,2 and 3-bedroom units. This rare multi-family offering features 2.76% interest-only assumable financing fixed through 2030, providing strong day-one leveraged cash flow and an approximate cash-on-cash return above 5.7%. Recent property improvements to both 5223 & 5227 Corteen Place include horizontal repiping and all new windows. This rare portfolio offers investors the opportunity to acquire well-maintained apartment assets in premier infill locations with the benefit of extremely attractive assumable financing, including loans with sub-3% interest-only rates and sub-4% long-term fixed financing, creating a highly favorable debt structure that is virtually impossible to replicate in today's interest rate environment. Strategically positioned near some of Los Angeles' most iconic corridors including Sunset Boulevard, Melrose Avenue, and Beverly Boulevard, the properties benefit from exceptional proximity to the region's premier retail, dining, nightlife, and employment centers. Residents enjoy walkable access to renowned destinations such as Melrose Place, Sunset Strip hospitality and entertainment venues, and the high-end retail and restaurant scene surrounding Beverly Hills and West Hollywood. Additional assets in Valley Village provide exposure to the San Fernando Valley's thriving studio and entertainment employment hubs, while the Pico/Robertson location offers immediate access to Beverly Hills and Century City.The buildings feature a strong mix of one, two and three bedroom units, attractive layouts, and desirable neighborhood settings that continue to drive consistent rental demand from professionals working in media, entertainment, technology, and hospitality sectors throughout Los Angeles. The Sunset Legacy Collection represents a rare portfolio acquisition opportunity, offering scale in premier Los Angeles submarkets combined with exceptionally favorable assumable financing and long-term investment stability. The portfolio is ideally suited for a high-net-worth investor or family office seeking high-quality multi-family assets in irreplaceable locations with strong long-term rental demand. For sophisticated investors seeking to acquire one or more of these trophy assets, 5223 & 5227 Corteen Place can be purchased individually or as part of the Sunset Legacy Collection.
Presented By: Dana Brody with Dana Brody;

Interior Features for 5223 Corteen Place

Bedrooms

Total Bedrooms18

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths16

Other Interior Features

Air Conditioning Y/NYes
Heating Y/NYes
Total Stories

General for 5223 Corteen Place

Buyer FinancingAssumed, Cash
Cap Rate4.5
Carport Spaces10
Carport Y/NYes
CityValley Village
CoolingWall/Window Unit(s)
CountyLos Angeles
DirectionsMagnolia to Corteen, turn left
Facing DirectionEast
Full Baths
Gross Income245708
HOANo
HeatingForced Air
LevelsTwo
Listing TermsCash
Living Area11202
Lot Size Square Feet16438
Lot Size UnitsSquare Feet
MLS AreaVVL - Valley Village
Net Operating Income162068
New ConstructionNo
Number Of Units Total10
PossessionClose Of Escrow
PostalCityVALLEY VILLAGE
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
ViewCity Lights
Virtual TourClick here
Year Built1956
ZoningLAR3

Exterior for 5223 Corteen Place

Building Area Total11202
Lot Size Acres0.3774
Lot Size Area16438
Lot Size SourceAppraiser
Number of Buildings1
Parking FeaturesCarport
Total Parking10

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $3,600,000
MLS#26661965
List Date 03/09/2026
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
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Request Info
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