RARE 20-UNIT Multifamily Investment Opportunity
$7,200,000
5223 & 5227 Corteen Place, Los Angeles, CA 91607
4.61
Cap Rate
332,117
NOI
Details:
Highlights:
- 2.76% Interest-Only Assumable Debt (Fixed Through 2030)
- True Scale (20 Units) in a High-demand Rental Pocket
- Highly Desirable Unit Mix (1, 2 & 3 Bedrooms)
- Classic Courtyard-Style Asset with Strong Tenant Appeal
- Swimming Pool + Ample Parking
- Oversized Lot with Long-Term Optionality
Description:
20 Units | Prime Valley Village | 2.76% Interest-Only Assumable Financing
5223–5227 Corteen Place represents an exceptional opportunity to acquire a 20-unit multifamily asset in one of the San Fernando Valley’s most desirable rental pockets, paired with extremely attractive 2.76% interest-only assumable financing that is virtually impossible to replicate in today’s debt markets. This rare financing structure creates an immediate competitive advantage by significantly enhancing cash flow while providing long-term protection against rising interest rates.
The property features a highly desirable unit mix of predominantly spacious two- and three-bedroom residences totaling approximately 22,404 square feet, appealing to a deep tenant pool seeking larger living spaces in a well-located, high-quality residential neighborhood. Situated on an oversized lot with ample parking and an attractive courtyard setting, the asset offers both strong in-place income and meaningful long-term upside.
Documents:
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Offering Memorandum
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Location
Gallery
