Multifamily
Sunset Legacy Collection
5223 Corteen Pl, Valley Village, CA 91607
Listing Price: $7,200,000
Investment Overview
Marcus & Millichap is pleased to exclusively present 5223 & 5227 Corteen Place—a 20-unit multifamily opportunity in prime Valley Village featuring an ideal unit mix, strong in-place income, and rare 2.76% interest-only assumable financing fixed through 2030.
5223 & 5227 Corteen Place presents a compelling opportunity to acquire a well-located 20-unit multifamily asset in the highly desirable Valley Village submarket of Los Angeles. Offered at $7,200,000, the property combines scale, unit quality, and long-term upside with a highly attractive financing component rarely available in today’s market.
The offering is anchored by assumable financing at 2.76% interest-only, fixed through 2030—providing a substantial cost-of-capital advantage and delivering immediate cash flow enhancement. This below-market debt structure allows investors to achieve superior leveraged returns compared to comparable acquisitions financed at today’s prevailing rates.
The property features an excellent mix of one-, two-, and three-bedroom units, appealing to a wide tenant base and particularly well-suited for families and long-term residents. The larger unit sizes are increasingly valuable in today’s rental environment, where demand for livable space continues to grow.
Designed in a classic courtyard style, the property offers a landscaped central courtyard and a swimming pool, creating a highly livable, community-oriented environment that enhances tenant retention. Ample parking further supports tenant convenience and marketability.
Situated on an oversized lot, the asset provides both strong in-place income and future optionality, with the potential to enhance value through unit renovations, operational improvements, and possible expansion strategies.
Valley Village continues to benefit from strong rental demand driven by its central location and proximity to major employment and lifestyle hubs including Studio City and North Hollywood. The combination of scale, unit mix, amenities, and favorable financing positions 5223 & 5227 Corteen Place as a standout acquisition opportunity.
Sunset Legacy Collection
Investment Highlights
- 2.76% INTEREST-ONLY ASSUMABLE DEBT (FIXED THROUGH 2030) Exceptional below-market financing in place—creating immediate positive leverage and a significant cash flow advantage relative to today's deb
- TRUE SCALE (20 UNITS) IN A HIGH-DEMAND RENTAL POCKET Rare opportunity to acquire a 20-unit asset in Valley Village—ideal for investors seeking operational efficiency and long-term hold potential.
- HIGHLY DESIRABLE UNIT MIX (1, 2 & 3 BEDROOMS) Larger unit configurations cater to families and long-term tenants—driving lower turnover and consistent occupancy.
- CLASSIC COURTYARD-STYLE ASSET WITH STRONG TENANT APPEAL Attractive layout centered around a landscaped courtyard—enhances livability and community feel
- SWIMMING POOL + AMPLE PARKING Lifestyle amenities that differentiate the asset and support rental premiums.
- OVERSIZED LOT WITH LONG-TERM OPTIONALITY Larger parcel provides flexibility for future improvements, ADU potential, or density optimization (buyer to verify).
- DEBT ARBITRAGE = IMMEDIATE RETURN ENHANCEMENT Sub-3% IO financing dramatically outperforms current lending rates—boosting leveraged yield and lowering effective basis.
- MARK-TO-MARKET RENTAL UPSIDE Opportunity to renovate units and increase rents in a strong, upward-trending Valley submarket.
Exclusively Listed By
Financing By
Listing Price: $7,200,000
Investment Highlights
- 2.76% INTEREST-ONLY ASSUMABLE DEBT (FIXED THROUGH 2030) Exceptional below-market financing in place—creating immediate positive leverage and a significant cash flow advantage relative to today's deb
- TRUE SCALE (20 UNITS) IN A HIGH-DEMAND RENTAL POCKET Rare opportunity to acquire a 20-unit asset in Valley Village—ideal for investors seeking operational efficiency and long-term hold potential.
- HIGHLY DESIRABLE UNIT MIX (1, 2 & 3 BEDROOMS) Larger unit configurations cater to families and long-term tenants—driving lower turnover and consistent occupancy.
- CLASSIC COURTYARD-STYLE ASSET WITH STRONG TENANT APPEAL Attractive layout centered around a landscaped courtyard—enhances livability and community feel
- SWIMMING POOL + AMPLE PARKING Lifestyle amenities that differentiate the asset and support rental premiums.
- OVERSIZED LOT WITH LONG-TERM OPTIONALITY Larger parcel provides flexibility for future improvements, ADU potential, or density optimization (buyer to verify).
- DEBT ARBITRAGE = IMMEDIATE RETURN ENHANCEMENT Sub-3% IO financing dramatically outperforms current lending rates—boosting leveraged yield and lowering effective basis.
- MARK-TO-MARKET RENTAL UPSIDE Opportunity to renovate units and increase rents in a strong, upward-trending Valley submarket.
Investment Overview
Marcus & Millichap is pleased to exclusively present 5223 & 5227 Corteen Place—a 20-unit multifamily opportunity in prime Valley Village featuring an ideal unit mix, strong in-place income, and rare 2.76% interest-only assumable financing fixed through 2030. 5223 & 5227 Corteen Place presents a compelling opportunity to acquire a well-located 20-unit multifamily asset in the highly desirable Valley Village submarket of Los Angeles. Offered at $7,200,000, the property combines scale, unit quality, and long-term upside with a highly attractive financing component rarely available in today’s market. The offering is anchored by assumable financing at 2.76% interest-only, fixed through 2030—providing a substantial cost-of-capital advantage and delivering immediate cash flow enhancement. This below-market debt structure allows investors to achieve superior leveraged returns compared to comparable acquisitions financed at today’s prevailing rates. The property features an excellent mix of one-, two-, and three-bedroom units, appealing to a wide tenant base and particularly well-suited for families and long-term residents. The larger unit sizes are increasingly valuable in today’s rental environment, where demand for livable space continues to grow. Designed in a classic courtyard style, the property offers a landscaped central courtyard and a swimming pool, creating a highly livable, community-oriented environment that enhances tenant retention. Ample parking further supports tenant convenience and marketability. Situated on an oversized lot, the asset provides both strong in-place income and future optionality, with the potential to enhance value through unit renovations, operational improvements, and possible expansion strategies. Valley Village continues to benefit from strong rental demand driven by its central location and proximity to major employment and lifestyle hubs including Studio City and North Hollywood. The combination of scale, unit mix, amenities, and favorable financing positions 5223 & 5227 Corteen Place as a standout acquisition opportunity.
Exclusively Listed By
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
