5311 Corteen Pl - Apartments FOR SALE


Valley Village, CA 91607
$10,250,000 USD
818-355-3728
5311 Corteen Pl, Valley Village, CA for Sale
$10,250,000 USD
Apartments - FOR SALE
1/10
null | 4.93% Cap Rate

5311 Corteen Pl
Valley Village, CA 91607


HIGHLIGHTS

  • Immediate Vacancy Upside
  • Completed Seismic Retrofit
  • 38-Unit Building with a Versatile Unit Mix

OVERVIEW

BRC Advisors is proud to present 5311 Corteen Place, a 38-unit apartment building situated in the desirable Valley Village neighborhood of the San Fernando Valley. This well-maintained property features a diverse unit mix, including 1-bedroom, 2-bedroom, and 3-bedroom apartments, offering investors a stable, income-generating asset with significant upside potential. The property will be delivered with 10 vacant units, creating immediate opportunities to increase rental income through lease-up and potential renovations. Conveniently located near major freeways (101 & 170), employment hubs such as Warner Bros. Studios and Universal Studios, and a variety of local amenities including shops, restaurants, and parks, the property boasts an ideal location for tenants. Additionally, the required seismic retrofit work has been completed, ensuring compliance with Los Angeles’ latest earthquake safety standards and minimizing future capital expenditure risks (buyer to verify). For more information or to schedule a tour, please contact us today.

FOR SALE DETAILS

PRICE

$10,250,000 USD

PRICE/SF

$260 USD /SF

# OF UNITS

38

PRICE/UNIT

$269,737

CAP RATE

4.93%

% LEASED

71%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corteen Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,400 SF

ZONING

LAR3

APN/PARCEL ID

2347-027-015

ASK ABOUT THIS PROPERTY

Danny SpiwakBRC Advisors - BH, Inc.More Info
818-355-3728

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Danny SpiwakBRC Advisors - BH, Inc.More Info
818-355-3728

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.