9001 Orion Ave new Save Request In-Person Tour Request Virtual Tour
North Hills,CA 91343
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 17,911 sqft
Price per Sqft $248
MLS Listing ID 25545427
Bedrooms 34
Year Built 1964
Lot Size 0.481 Acres
Acres 0.4807
Property Sub-Type Multi-Family
Property Description
Located at 9001 Orion, this 19-unit multifamily property represents rare upside potential. With a 6.37% Cap Rate, 9.46 GRM, and 6.41% pre-tax cash flow. The property has undergone over $300,000 in recent capital improvements, including extensive interior renovations, curb appeal enhancements, and modernized landscaping. Four of the units are equipped with in-unit washer/dryers, a major draw for discerning tenants.There is also ADU potential: the lot configuration may allow the addition of a 1-bed, 1-bath unit without removing any parking (buyer to verify), boosting returns to a projected 9.98% market cap and 20% IRR. Additionally two vacant units have been fully demoed and include active permits, allowing the buyer to immediately renovate and lease them for increased rental income.***
Location
State CA
County Los Angeles
Area North Hills
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall Unit(s)
Equipment Other
Exterior
Parking Features Carport
Garage Spaces 18.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard