9001 Orion AVE new Save Request In-Person Tour Request Virtual Tour
North Hills,CA 91343
Key Details
Property 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
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 Noh - North Hills
Zoning LAR3
Interior
Heating Wall Furnace
Exterior
Parking Features Carport
Building
Story 2
New Construction No
Others
Special Listing Condition Standard