9001 Orion Avenue, North Hills, CA 91343
  • MLS#: 25545427 ( )
  • Street Address: 9001 Orion Avenue
  • Viewed: 2
  • Price: $4,450,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 9
  • Additional Information
  • County: LOS ANGELES
  • City: North Hills
  • Zipcode: 91343
  • Provided by: KW Advisors
  • Contact: Kelly Kelly
  • California Regional MLS IDX
  • DMCA Notice
  • 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.***
Property Location and Similar Properties
Request More Information
  • All fields are required.
Contact Patrick Adams
Contacting Patrick Adams
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
Features
Building Area Total
  1. 17911.00
Country
  1. US
Heating
  1. Wall Furnace
Levels
  1. Two
Netoperatingincome
  1. 288857.00
Parcel Number
  1. 2654001045
Parking Features
  1. Carport
Postalcodeplus4
  1. 4203
Sourcesystemkey
  1. 25545427:CLAW
Totalexpenses
  1. 172869.00
Year Built
  1. 1964
Year Built Source
  1. Assessor
Zoning
  1. LAR3