5223 Corteen Place
Valley Village, CA 91607
18
Bed
0
Bath
11,202Sqft
16,438Sqft(Lot)
Now offered at just 11.6x gross on in-place rents! Fully occupied with 2.76% assumable financing in place. 5223 Corteen Place presents a rare opportunity to acquire a premier 10-unit multifamily asset in the heart of Valley Village, offered alongside its sister property at 5227 Corteen (separately priced). Situated on an oversized 16,000+ SF R3-zoned lot, the property offers meaningful future upside with the potential to add up to 8 ADUs (Buyer to Verify), creating a clear path to increased density and long-term value creation. The asset features a highly desirable unit mix of primarily 2- and 3-bedroom units, catering to Valley Village's strong tenant base of professionals, families, and entertainment industry employees. Built in 1956, the property is 100% occupied, delivering immediate,
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 18Bathroom Information
Total Baths: 16 Full Baths: 0 Half Baths: 0 -
Cooling Features
Wall/Window Unit(s) Air ConditioningHeating Source
Forced Air Has Heating
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Building Information
Year Built: 1956 Building Area Total: 11,202
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3774 -
Lot Size Source: Appraiser Lot Size Square Feet: 16438
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Listing Price Information
Original List Price: 2,725,000 Listing Contract Date: 2026-03-09 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 2347028006
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Garage and Parking
Garage Description: CarportHomeowners Association
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Other Property Info
Source Listing Status: Pending Source Neighborhood: VVL - Valley Village Directions: Magnolia to Corteen, turn left Zoning: LAR3 Source Property Type: Residential Income Area: VVL - Valley Village -
Building and Construction
Property Age: 70 Year Built Source: Vendor Enhanced Total Square Feet Living: 11202 Levels or Stories: Two Building Total Stories: 2
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 5518 Carpenter Avenue, Valley Village, CA, 91607 | $1,549,000 | 3 | 2 | 1,681 | 1,681 SqFt |
| 11710 Hartsook Street, Valley Village, CA, 91607 | $1,145,000 | 2 | 1 | 1,325 | 1,325 SqFt |
| 11710 Hartsook Street, Valley Village, CA, 91607 | $1,145,000 | 2 | -- | 1,325 | 1,325 SqFt |
| 11729 Hartsook Street, Valley Village, CA, 91607 | $2,999,999 | 4 | 4 | 3,838 | 3,838 SqFt |
| 5708 Gentry Avenue, Valley Village, CA, 91607 | $4,999,999 | 6 | 4 | 6,951 | 6,951 SqFt |
| 5438 Radford Avenue, Valley Village, CA, 91607 | $1,195,000 | 3 | 1 | 1,732 | 1,732 SqFt |
| 12005 Miranda, Valley Village, CA, 91607 | $1,495,000 | 3 | 2 | 1,847 | 1,847 SqFt |
| 11746 La Maida Street, Valley Village, CA, 91607 | $3,895,000 | 5 | 5 | 4,983 | 4,983 SqFt |
| 5439 Gentry Avenue, Valley Village, CA, 91607 | $2,849,000 | 7 | 5 | 4,984 | 4,984 SqFt |
| 11911 Hartsook, Valley Village, CA, 91607 | $2,799,000 | 5 | 4 | 3,450 | 3,450 SqFt |
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ByOwner last updated this listing 06/20/2026 @ 22:38
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