5511 Corteen Pl Valley Village, CA 91607

$2,492,500

5511 Corteen Place, Valley Village CA
5511 Corteen Pl
$2,492,500
Keep me posted!
Save this home to compare later!
See similar homes

5511 Corteen Pl
Valley Village,CA91607(North Hollywood)

1 of 8
2 of 8
3 of 8
4 of 8
5 of 8
6 of 8
7 of 8
8 of 8

Home Details for 5511 Corteen Pl


180+ Days on Trulia
260 views
5511 Corteen Pl Outstanding Opportunity to own a well located property with below market rents. There is approximately 22% upside in the rents. This is based on asking rents on the same street for same period units that have had some updating. A new owner should be able toachieve market rents through scheduled annual rent increases allowed by L.A. Rent Stabilization Ordinance and tenant turnovers.There is secure front intercom access and a remote controlled parking gate with plentiful off-street parking. There is an excellent unit mix consisting of ten (10) 2 BD+1.5 BA and two (2) 1 BD+1 BA units. Thes...e are spacious units averaging955 Sq.Ft. for the 2 BD's and 835 Sq.Ft. for the 1 BD's. Most of the units have walk-thru style kitchens. Two upstairs units have largebalconies and each floor has an interior walk-in storage room that was previously rented out. There has been some cooper pipingreplacement and a new building water heater tank was installed in 2013. Excellent assumable loan (optional - see financial information below).The property is located between Chandler and Burbank just south east of the Whitsett and Burbank intersection. It is centrally located just north of Sherman Oaks and Studio City with easy access to the 101 Freeway.
Show more
Schools
Burbank Boulevard Elementary School
Exceeds Standard

Walter Reed Middle School
Exceeds Standard

North Hollywood Senior High School
Meets Standard
Lowest
Crime
Listing Info for 5511 Corteen Pl

Information last updated on 05/06/2014 12:00 AM:
    • Price: $2,492,500
    • Multi-Family
    • Status: Pending
    • Lot Size: 0.29 acres
    • Built in 1963
    • Neighborhood: North Hollywood
    • MLS/Source ID: SR13248920
    • Zip: 91607
    • 11,219 sqft

Public Records for 5511 Corteen Pl


Official property, sales, and tax information from county (public) records as of 07/2013:
    • Apartment house (5+ units)
    • Built In 1963
    • 1 Building
    • 11,219 sqft
    • A/C: Central
    • County: Los Angeles
    • Lot Size: 0.29 acres
    • 12 Units
    • Tax Rate Code Area: 0-013

Neighborhood Info


  • within 1 mile

    See schools ratings

  • See details

  • nearby:

    See details

  • nearby:

    See more routes

Rate and Review area around 5511 Corteen Pl

Rate this area:
 
Rate these categories:
Safety
Pet-friendly
Walkability
Restaurant & Shopping
Rate and Review
    Good
      Pet-friendly
        Public Transportation
          Walkability
            Parking
            Total ratings: 1,139 | View all ratings
            Last updated 15 hours ago

            Estimates around 5511 Corteen Pl


            $1,099,500
            4 br / 2 ba
            Single-Family Home
            OPEN HOUSE Sun Oct 16, 2pm to 4pm
            • Home Estimates for 5511 Corteen Pl

              Loading data…

            Contact Info

            Agent
            (818) 995-2424
            No Rating
             (0)

            LISTING

            AGENT

            Broker
            Coldwell Banker Residential Brokerage
             
            Inquire about this property


            By sending, you agree to Trulia's Terms of Use & Privacy Policy.