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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: $4,650,000

Cap Rate
6.92%
Number of Units
18
GRM
9.82
Occupancy
97.0%
Price/Unit
$258,333
Price/Gross SF
$290.23
Gross SF
16,022

Investment Overview

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

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: $4,650,000

Cap Rate
6.92%
Number of Units
18
GRM
9.82
Occupancy
97.0%
Price/Unit
$258,333
Price/Gross SF
$290.23
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) 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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