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5301 Corteen Place

Los Angeles CA 91607

23
23
20
16082 sq. ft.
25467 sq. ft.
Other
Currently for sale - view listing

Overview

5301 Corteen Place is a gorgeous 18-unit apartment complex with (4) city approved ADU's that have yet to be built, totaling a potential for 22 units in Prime Valley Village. The (4) city approved ADU's are all 2-bedroom, 2-bath units and approximately 850sf in size. Once ADU's are built, the Subject Property will boast a 10.94 GRM and a 6.03% cap rate with 33% rental upside still remaining. The other 18 existing units are comprised of (13) 1+1,(4) 2+2, and (1) 2+1. Behind the secured and gated entrance of the building is a beautiful pool and landscaped garden area with patio furniture that the tenants enjoy. Many of the units are remodeled with very nice finishes, including but not limited to grey vinyl flooring and open kitchens with courts countertops. Many of the units have new A/C units and nice balconies that overlook the pool and courtyard area. No earthquake retrofit required. Please DO NOT DISTURB THE TENANTS! Thank you!

Features

23 bedrooms
23 bathrooms
20 carspaces
16082 sq. ft. floor area
25467 sq. ft. lot size
Other

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