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Multifamily

5510 Corteen Place, Valley Village, CA - Seller Financing at 4.5% First Year

5510 Corteen Pl, Valley Village, CA 91607

Listing Price: $4,750,000

Cap Rate
6.04%
Number of Units
18
GRM
10.42
Occupancy
97.0%
Price/Unit
$263,889
Price/Gross SF
$296.47
Gross SF
16,022

Investment Overview

Hard to find Seller-Financing opportunity at 4.5% interest only payments (term to be negotiated)

Six (6) Vacant Units allowing for maximum rental income

Quiet residential street

Quick access to the NoHo Arts District, Metro stations, major studios (Burbank/Universal City), and the 101/170 freeways

Situated on an oversized 0.52-acre lot (over 22,500 sq. ft.), providing rare space density for the neighborhood

Classic "Cal-Retro" 18-unit building featuring dual inner courtyards

Flexible residential density R3 zoning that offers addition of ADU units ( Buyer to Verify) as well as long-term value-add opportunities

Investment Highlights

  • Pristine 18-Unit Property in Prime Valley Village Large Lot Measuring Over Half Acre (22,507 square feet) 60% of Units ( 11 Units) Fully Remodeled
  • Property Maintained in Excellent Condition Great Curb Appeal on Residential Street Units Remodeled with State-of-the-Art materials, design, and appliances Vacant Units Equipped with Refrigerators
  • Stainless Steel Appliances New Electrical Panels New exterior Paint New Windows Copper Plumbing New Water Heater New Recirculating Pump New Utility Fan New Pool Pump and Filter
  • Seismic Retrofit Completed Large On-Site Storage room - possible ADU potential Large Laundry Room Pool Cabana
  • Gated and Secured Entry Second Floor Units with Balconies Large Walk-in Closets Large Floor Plans with High Ceilings and Dining Areas

Exclusively Listed By

Financing By

Multifamily

5510 Corteen Place, Valley Village, CA - Seller Financing at 4.5% First Year

Listing Price: $4,750,000

Cap Rate
6.04%
Number of Units
18
GRM
10.42
Occupancy
97.0%
Price/Unit
$263,889
Price/Gross SF
$296.47
Gross SF
16,022

Investment Highlights

  • Pristine 18-Unit Property in Prime Valley Village Large Lot Measuring Over Half Acre (22,507 square feet) 60% of Units ( 11 Units) Fully Remodeled
  • Property Maintained in Excellent Condition Great Curb Appeal on Residential Street Units Remodeled with State-of-the-Art materials, design, and appliances Vacant Units Equipped with Refrigerators
  • Stainless Steel Appliances New Electrical Panels New exterior Paint New Windows Copper Plumbing New Water Heater New Recirculating Pump New Utility Fan New Pool Pump and Filter
  • Seismic Retrofit Completed Large On-Site Storage room - possible ADU potential Large Laundry Room Pool Cabana
  • Gated and Secured Entry Second Floor Units with Balconies Large Walk-in Closets Large Floor Plans with High Ceilings and Dining Areas

Investment Overview

Hard to find Seller-Financing opportunity at 4.5% interest only payments (term to be negotiated) Six (6) Vacant Units allowing for maximum rental income Quiet residential street Quick access to the NoHo Arts District, Metro stations, major studios (Burbank/Universal City), and the 101/170 freeways Situated on an oversized 0.52-acre lot (over 22,500 sq. ft.), providing rare space density for the neighborhood Classic "Cal-Retro" 18-unit building featuring dual inner courtyards Flexible residential density R3 zoning that offers addition of ADU units ( Buyer to Verify) as well as long-term value-add opportunities

Exclusively Listed By

Financing By

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