North Hills (los Angeles), CA 91343,9001 Orion Avenue
North Hills (los Angeles), CA 91343,9001 Orion Avenue
North Hills (los Angeles), CA 91343,9001 Orion Avenue
North Hills (los Angeles), CA 91343,9001 Orion Avenue
North Hills (los Angeles), CA 91343,9001 Orion Avenue
North Hills (los Angeles), CA 91343,9001 Orion Avenue
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$ 4,450,000
Est. payment | /mo

17,911 SqFt


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$ 4,450,000
Est. payment | /mo
Save

17,911 SqFt

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 17,911 sqft

Price per Sqft $248

MLS Listing ID CL25545427

HOA Y/N No

Year Built 1964

Lot Size 0.481 Acres

Acres 0.48

Property Sub-Type Other

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

Zoning LAR3

Interior

Heating Wall Furnace

Fireplace No

Building

New Construction No

Others

Tax ID 2654001045

Bridge MLS
Listed by Kelly Morgan • KW Advisors
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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9001 Orion Avenue