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Belmont Brokerage serves all of Greater Los Angeles including Beverly Hills, Glendale, Burbank, Pasadena, DTLA, North Hollywood, Studio City, Sherman Oaks, Encino, Woodland Hills, Eagle Rock, Silverlake, Los Feliz, Atwater Village, Highland Park, La Crescenta, Tujunga, and Sun Valley. We specialize in both luxury residential and commercial real estate across these markets.

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To list your property with Belmont Brokerage, contact us at (818) 967-6311 or email brokerage@bbandm.com. Our team will provide a complimentary AI-powered Comparative Market Analysis (CMA), professional staging recommendations, and a customized marketing strategy. We list on the MLS and through our exclusive off-market network for maximum exposure.

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Yes. Belmont Brokerage handles commercial real estate transactions including office spaces, retail locations, multi-family investments, and mixed-use developments throughout Los Angeles County. Our commercial division provides investment analysis, lease negotiations, and 1031 exchange guidance.

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Belmont Brokerage combines California MLS data with internal valuation and offer-strategy workflows, plus compliance-aware document tooling. Agents get data-driven pricing context grounded in active listings and recent market activity.

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Yes. Belmont Brokerage Inc. operates under California Department of Real Estate (DRE) license #02431308. Listings shown from the MLS follow participating board rules, including attribution and IDX display requirements.

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Use the search bar on bbandm.com to search by city, ZIP code, neighborhood, or address. You can filter by price, beds and baths, property type, and status. Map view updates results as you move the map, and you can save homes you like for later.

Active

View Gallery+45

$2,725,000

$243/ft²

5223 Corteen Pl, Valley Village, CA 91607

Property Description

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, stable income with additional upside through strategic renovations and operational improvements. The property benefits from excellent curb appeal, lush landscaping, a gated swimming pool, and ample on-site parking amenities that continue to drive strong tenant demand and long-term retention. What truly sets this offering apart is the exceptional 2.76% interest-only assumable loan through 2030, providing immediate positive leverage in today's high-rate environment. With debt significantly below current market rates, investors can realize enhanced cash flow from day one while securing a powerful hedge against inflation and future rate volatility. Located on a quiet, tree-lined street in a prime Valley Village location, the property offers convenient access to Ventura Boulevard's retail and dining corridor, as well as proximity to major employment hubs including Studio City, Universal, and Warner Bros. Valley Village continues to stand out as one of the San Fernando Valley's most stable and consistently appreciating rental markets, driven by strong demographics and limited new supply. 5223 & 5227 Corteen Place offer a rare chance to acquire scale, secure below-market debt, and unlock future density in a high-demand Los Angeles submarket all while generating durable in-place income and long-term appreciation.

Listing provided by: Dana BrodyDRE #01429001818-212-2757 dana.brody@marcusmillichap.com, Dana Brody

MLS #: 26661965