5227 Corteen Place
Valley Village, CA, 91607 $ 3,600,000
Bedrooms18 Baths4.0 Sq 11,202 Monthly Estimate*
$ 22,166
for $3,600,000 with 18 bedrooms and 4 full baths. This 11,202 square foot home was built in 1956 on a lot size of 0.3713.
We are very pleased to present The Sunset Legacy Collection, an exceptional six-property multi-family 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 5227 Corteen Place, a beautifully maintained 10-unit multi-family property in prime Valley Village, being sold with its sister property 5223 Corteen Place, also a 10-unit multi-family asset 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- and two-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.
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FeaturesGeneralLiving Area 11202
Heating Forced Air
Cooling Wall/Window Unit(s)
Possession Close Of Escrow
Appliances Refrigerator
Zoning LAR3
Year Built 1956
Stories Count 2
Levels Two
Gross Income 256183
County Los Angeles
Net Operating Income 168979
New Construction false
Property Type Residential Income
HOA false
Attached Garage false
Facing Direction East
Full Baths 0
Special Listing Conditions Standard
Status Active
Buyer Financing Assumed Cash
Directions Magnolia to Corteen turn left
City Valley Village
Senior Community Y/N false
Number Of Units Total 10
MLS Area VVL - Valley Village
Lot Size Units Square Feet
Lot Size Square Feet 16174
Carport Y/N true
Listing Terms Cash
Standard Status Active
Cap Rate 4.7
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InteriorTotal Stories 2
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 18
Total Baths 16
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ExteriorParking Features Detached Carport
Total Parking 10
Lot Size Area 16174
Number of Buildings 1
Building Area Total 11202
Lot Dimensions 311x53
Lot Size Acres 0.3713
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* Excluded FeaturesList Bydana.brody@marcusmillichap.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $22,166
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Valley Village, CA
Average List Price $3,021,813
Percent of Sale Price 16%
About Valley Village, CA 30,228 Population
7% Since 2002
$ 57,870 Median Income
40.27 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/9/2026 | $3,600,000 | | Listed Price |