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18 Beds
16 Baths
11,202 sqft

$3,600,000

5227 Corteen Place, Valley Village CA, 91607

Price per sqft$321.37
Built in1956
Property size11,202 sqft
Property typeResidential
test courtesy

Overview

Active

Listed Mar 9, 2026

Updated 3 weeks ago

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. For sophisticated investors seeking to acquire one or more of these trophy assets, 5223 & 5227 Corteen Place can be purchased individually or as part of the Sunset Legacy Collection.

$23,951/mo

Est. mortgage payment based on a $3,600,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26661999

Interior Features

Bedrooms
18
Bathrooms
16

Exterior Features

Lot Size
0.37 Acres

Other Property Details

55+/Senior Community
No
MLS provider logo

Broker Reciprocity Courtesy of Dana Brody, Dana Brody

Website E2E - Playwright - Full Name

- Phone Number

[email protected] - Email

Jim Halpert - Brokerage Name

76321 - MLS License Number

 

Data last updated 12:16 PM UTC, 9/13/2026

 

Based on information from California Regional Multiple Listing Service, Inc. as of 9/13/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

 

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