Updated Jun 5, 2025
Marcus & Millichap Brokers $6.9M Sale Of Multifamily Complex In Valley Village
5247 Corteen Place
$6,900,000
Units
32
Asset Type
MultiFamily
Closing
Jan 29, 2024
About this deal
AI
The $6.9 million sale of a 32-unit apartment complex at 5247 Corteen Place in Los Angeles' Valley Village neighborhood has been brokered by Marcus & Millichap. The property, representing both the seller, a family trust of over 44 years, and the undisclosed buyer, is a multifamily asset. Financing for the acquisition was provided by JP Morgan Chase.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,900,000
- Units: 32
- Price Per Unit: $215,625
- Address: 5247 Corteen Place
- Market: Valley Village
The deal was facilitated by Marcus & Millichap brokers Brett Sanson, Jeff Louks, and Rick Raymundo. They represented both the seller and the undisclosed buyer in the transaction. The lender involved in the sale was JP Morgan Chase.
On the Map
$6,900,000
MultiFamily
View full map
Players
Valley Village MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Jeff Louks to view all their deals.
Browse Valley Village multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93