ActiveResidential · sale

5232 Corteen pl 17

Valley Village, CA 91607

$550,000

  • 2 beds
  • 2 baths
  • 1,036 sq ft
  • 0.88 acres
  • Built 1962

Listed by NextHome Milestone · MLS #SR26081709

A FEW THINGS TO NOTICE

What stands out.

Living spaces

The expansive living room provides a warm yet sophisticated setting, highlighted by a stylish limewashed floor-to-ceiling fireplace that is fully functional—perfect for cozy evenings or entertaining.

Details worth a look

A second spacious bedroom offers its own large closet and access to a versatile enclosed balcony with tile flooring—perfect for extra storage, a greenhouse, or a cozy home office.

Year built

Built in 1962.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

1% LOWER ON YOUR INTEREST RATE BUYDOWN PAID FOR BY SELLER! HOA PAID FOR THE REST OF THE YEAR UPFRONT BY SELLER! Buy now INCENTIVES!!! Great opportunity for turnkey beautiful condo PICTURE PERFECT COMING OUT OF A MAGAZINE. Top floor beautifully upgraded unit offers the perfect blend of comfort, style, and location. Flooded with natural light through newer windows, features updated flooring and a thoughtfully remodeled kitchen designed to impress—complete with brand new sleek stainless steel appliances, recessed lighting, quartz countertops, an apron-front sink, a designer tile backsplash, and built-in wine fridge. The kitchen truly shines with abundant counter space and generous cabinetry, including rotating corner cabinets with built-in lazy Susan's and a dedicated spice rack drawer for effortless organization. The expansive living room provides a warm yet sophisticated setting, highlighted by a stylish limewashed floor-to-ceiling fireplace that is fully functional—perfect for cozy evenings or entertaining. Each room is equipped with its own AC unit for personalized comfort, the living room and second bedroom feature blackout curtains added privacy and restful sleep. The primary suite is a true retreat, boasting a generously sized bedroom, a fully remodeled en-suite bathroom with a striking glass-enclosed black tile shower and spa-inspired stone flooring, as well as dual vanities with his-and-hers sinks and mirrors. The oversized closet is exceptionally well-designed with two levels of storage, including a dedicated section for shoes and handbags. A second spacious bedroom offers its own large closet and access to a versatile enclosed balcony with tile flooring—perfect for extra storage, a greenhouse, or a cozy home office. Both bedrooms are generously sized and offer flexible living options. This unit has an enclosed patio that is AC controlled RARE FOR THE BUILDING. Additional highlights include a modern in-unit washer and dryer, and a highly desirable location just minutes from the vibrant dining and shopping scenes along Ventura Boulevard, the popular neighborhoods of Studio City, Sherman Oaks, and the NoHo Arts District. Easy access to the 101 and 170 freeways, walking distance to grocery stores and restaurants. Plus, you’re just a short drive from Universal Studios Hollywood and Burbank. Fully remodeled high end 2+2 unit you will not be disappointed. Great area next to a lot of happening places in Studio City. Washer and Dryer in Unit.

THE NEIGHBORHOOD

Explore the location.

5232 Corteen pl 17, Valley Village, CA 91607

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1962
Full baths
2
Garage spaces
0
Cooling
WallWindowUnits
Heating
Central
Appliances
Dishwasher
Pool
No
Pool features
Community,InGround,Association
Parcel
2347026041
HOA
Corteen HOA
HOA amenities
ControlledAccess,Insurance,Pool,Water
HOA fee frequency
Monthly
HOA fee
$619.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$2,291.67
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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5232 Corteen pl 17, Valley Village, CA 91607 · MLS #SR26081709

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More in Valley Village.

Listing information

MLS #SR26081709 · California Regional MLS

Listing brokerage: NextHome Milestone
Listing agent: Mohamed Hassan

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.