Sunset Legacy Collection — Sale in Valley Village, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Valley Village, CA 91607

Investment Figures

Cap rate
6.32%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to exclusively present 5223 & 5227 Corteen Place—a 20-unit multifamily opportunity in prime Valley Village featuring an ideal unit mix, strong in-place income, and rare 2.76% interest-only assumable financing fixed through 2030. 5223 & 5227 Corteen Place presents a compelling opportunity to acquire a well-located 20-unit multifamily asset in the highly desirable Valley Village submarket of Los Angeles. Offered at $5,450,000, the property combines scale, unit quality, and long-term upside with a highly attrac-tive financing component rarely available in today’s market. The offering is anchored by assum-able financing at 2.76% interest-only, fixed through 2030—providing a substantial cost-of-capital advantage and delivering immediate cash flow enhancement. This below-market debt structure allows investors to achieve superior leveraged returns compared to comparable acquisitions financed at today’s prevailing rates. The property features an excellent mix of one-, two-, and three-bedroom units, appealing to a wide tenant base and particularly well-suited for families and long-term residents. The larg-er unit sizes are increasingly valuable in today’s rental environment, where demand for livable space continues to grow. Designed in a classic courtyard style, the property offers a landscaped central courtyard and a swimming pool, creating a highly livable, community-oriented environ-ment that enhances tenant retention. Ample parking further supports tenant convenience and marketability. Situated on an oversized lot, the asset provides both strong in-place income and future option-ality, with the potential to enhance value through unit renovations, operational improvements, and possible expansion strategies.Valley Village continues to benefit from strong rental demand driven by its central location and proximity to major employment and lifestyle hubs including Studio City and North Hollywood. The combination of scale, unit mix, amenities, and

Market Context

This multifamily in Valley Village, CA is listed for sale. It is offered at an approximate 6.3% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Valley Village, CA — view the full market.

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