5223-5227 Corteen Pl
North Hollywood, CA 91607
Trophy Valley Village | 2.76% Assumable Debt · Multifamily Property For Sale · 20 Units

Prime Valley Village 20 Units | 2.76% IO Assumable Loan | Large 2 & 3 Bedroom Units | Pool + Parking
Exclusively offered by The Brody Group of Marcus & Millichap, 5223 & 5227 Corteen Place presents a rare opportunity to acquire a 20-unit multifamily asset in prime Valley Village featuring a 2.76% interest-only assumable loan fixed through 2030, providing a significant financing advantage in today’s elevated interest rate environment. The property offers an exceptional unit mix of predominantly large 2 and 3 bedroom residences, a highly desirable configuration that attracts long-term tenants and supports strong rental demand.
Situated on an oversized lot with approximately 22,404 square feet of improvements, the asset features attractive lifestyle amenities including a swimming pool, landscaped courtyard, and ample resident parking. Located near Studio City, Sherman Oaks, and major entertainment industry employment centers, Valley Village continues to experience consistent tenant demand driven by strong demographics and limited competing supply. The combination of scale, desirable floorplans, and below-market assumable financing creates a compelling investment opportunity offering both immediate cash flow advantage and long-term appreciation potential.
Deal Highlights
1. 2.76% Interest-Only Assumable Loan Fixed Through 2030 – Massive Cash Flow Advantage
Acquire a 20-unit asset with sub-3% interest-only financing, creating a significant payment advantage versus today’s higher rate environment and delivering immediate positive leverage.
2. Rare Large Unit Mix Dominated by 2 & 3 Bedrooms
Highly sought-after family-sized units drive strong tenant retention, premium rents, and reduced turnover — a scarce product type in today’s multifamily market.
3. 22,404 SF Building on Oversized Lot with Low-Density Layout
Scale combined with spacious site design creates a strong price-per-foot basis relative to replacement cost while enhancing long-term value.
4. Resort-Style Amenities Including Pool and Landscaped Courtyard
Lifestyle-driven property design attracts quality tenants seeking comfort, privacy, and community-oriented living environments.
5. Ample Parking – Critical Amenity for San Fernando Valley Renters
Strong parking ratio increases tenant demand and competitive positioning versus nearby inventory.
6. Prime Valley Village Location Near Studio City, Sherman Oaks & Major Employment Hubs
Desirable residential pocket benefiting from strong demographics, proximity to entertainment industry employment centers, and consistent rental demand.
7. Core Asset with Rent Growth and Value-Add Potential
Opportunity to increase NOI through strategic unit upgrades and operational efficiencies while benefiting from below-market financing.
5223 & 5227 Corteen Place presents a rare opportunity to acquire a well-positioned 20-unit multifamily asset in the highly desirable residential enclave of Valley Village. Distinguished by its generous scale, highly livable unit layouts, and attractive community-oriented design, the property offers investors a compelling combination of durable income, long-term appreciation potential, and an exceptionally favorable capital structure.
The offering is further enhanced by a 2.76% interest-only assumable loan fixed through 2030, providing a below-market cost of capital that significantly improves cash flow and overall investment performance. In an environment defined by elevated borrowing costs, the ability to assume sub-3% interest-only financing represents a meaningful strategic advantage.
Comprising approximately 22,404 square feet of improvements on an oversized lot, the property offers a low-density layout complemented by a swimming pool, landscaped courtyard, and ample parking — features that create a true residential community environment and appeal to quality tenants seeking comfort, space, and long-term stability.
5223 & 5227 Corteen Place is located in the heart of Valley Village, a highly sought-after residential pocket within the San Fernando Valley known for its quiet tree-lined streets, accessibility, and strong tenant demographics.
The property benefits from close proximity to:
Studio City
Sherman Oaks
Major employment hubs in entertainment, media, and professional services
Ventura Boulevard’s dining, retail, and lifestyle amenities
Valley Village continues to attract residents seeking a balance between suburban comfort and urban accessibility. The neighborhood’s central location allows convenient access to Hollywood, Burbank Studios, and the greater Los Angeles employment base while maintaining a peaceful residential atmosphere.
The combination of accessibility, neighborhood character, and proximity to major economic drivers contributes to consistent rental demand and long-term market stability.
The Asset
5223 & 5227 Corteen Place offers a highly functional and desirable unit mix comprised primarily of spacious 2 and 3 bedroom residences. Larger floorplans remain among the most sought-after product types in the Los Angeles rental market, attracting tenants who prioritize livability, flexibility, and longer tenancy duration.
The property’s physical layout encourages a strong sense of community, anchored by a central courtyard and pool area that enhances tenant appeal and supports premium positioning within the submarket.
Key physical features include:
20-unit multifamily property
Approx. 22,404 square feet of improvements
Oversized lot with low-density layout
Predominantly large 2 and 3 bedroom units
Swimming pool and landscaped courtyard
Ample on-site parking
These attributes create a differentiated living environment compared to more densely built apartment product, supporting tenant satisfaction and retention.
Financing Advantage: 2.76% Interest-Only Through 2030
The assumable financing represents one of the most compelling components of the investment profile.
With interest rates significantly higher in today’s lending environment, the ability to assume 2.76% interest-only debt fixed through 2030 provides:
Meaningfully reduced debt service
Enhanced cash-on-cash returns
Improved debt service coverage ratios
Increased hold flexibility
A substantial competitive advantage versus newly financed acquisitions
This favorable capital structure allows investors to benefit from historically low borrowing costs while maintaining long-term optionality.
In many respects, the financing alone positions the asset to outperform comparable acquisitions.