5232 Corteen Place 25, Valley Village, California 91607, Valley Village, 91607 - 2 bed, 2 bath
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Valley Village, California 91607
This Spacious Valley Village Condominium represents a Prime Investment Opportunity, listed at $494,999—positioned well below the $514,663 Fair Market Value by 3%. This valuation gap provides $19,664 in Instant Equity for buyers. While the property holds a Fair Condition Rating due to dated bathrooms and vintage infrastructure, it features an updated kitchen and a versatile enclosed balcony retreat. Residents benefit from a sparkling pool and proximity to the 8-rated North Hollywood Senior High. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking to build wealth through cosmetic modernization in a prime locale.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5232 Corteen Place 25 Subject | $449,500* List Price | 2 | 2 | 1,060 | $398 | - |
A 12830 Burbank Blvd. 310 Sold | $375,000 | 2 | 2 | 1,154 | $325 | 0.8 mi |
B 12720 Burbank 221 Sold | $425,000 | 2 | 2 | 1,154 | $368 | 0.7 mi |
C 12014 Kling Street 18 Active | $548,000 List Price | 2 | 2 | 1,100 | $498 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, this property shows a mix of conditions. While the kitchen has received a cosmetic update (approx. 5-10 years ago) with stainless appliances and subway tile, the bathrooms remain dated with older vanities and fixtures. The presence of popcorn ceilings and wall-mounted AC units indicates older systems that haven't been fully modernized, placing it in the 'Fair' category as it is functional but dated.
Situated in a highly desirable Valley Village neighborhood west of Laurel Canyon, the property offers excellent proximity to Gelson’s Market, trendy dining, and convenient 134 freeway access.
The unit features an updated kitchen and a unique enclosed balcony off the primary bedroom, providing flexible bonus space for a home office, storage, or a private retreat.
Priced competitively under $500,000 for a two-bedroom, two-bathroom layout, this property represents a significant entry-level opportunity in a sought-after area with high-rated local schools.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =38366, other record lot size in square feet = 38432.
The unit includes only one assigned parking space, which may be a significant constraint for two-car households or those frequently requiring guest parking.
Built in 1962, this classic courtyard complex may lack modern conveniences such as in-unit laundry or updated central climate control systems found in newer developments.
BEST PRICE IN VALLEY VILLAGE! NEW ON THE MARKET. Spacious 2-bedroom, 2-bath Valley Village condo in a classic 1960s courtyard complex with sparkling pool. Quiet upstairs unit with hardwood floors throughout, updated kitchen, double-door refrigerator included, spacious bedrooms, ample closet space, and enclosed balcony off the primary bedroom ideal for office, retreat, or storage. One covered parking space close to unit. Prime location west of Laurel Canyon with easy access to the 134, shopping, dining, and Gelson's Market. Priced to sell. Don't miss this opportunity!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.1 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,060 | 1,252 | 24% |
| Lot Size | 38,366 | 23,710 | 68% |
| Price | $449.5K | $630.0K | 32% |
| Price per sq ft | $424 | $507 | 20% |
| Built year | 1962 | 1980 | 4% |
| HOA | $459.91 | $498 | 40% |
| Days on market | 44 | 150 | 4% |
May 1, 2026
$449,500
$494,999
-9% Price Drop
Initial Listing
Apr 23, 2026
$494,999
Initial Listing
Oct 24, 2023
$487,500
Public Record
Apr 23, 2010
$216,000
Public Record
Sep 9, 2002
$187,000
Public Record
Feb 21, 1996
$64,000
Public Record