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9001-9005 Orion Ave
North Hills, CA 91343
6% Cap Rate with Upside in Rents · Multifamily Property For Sale
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18 Units
Investment Highlights
- The Next Multifamily Hotspot echoing the Success of North Hollywood and Korea Town
- Near the upcoming Van Nuys Light Rail, New public transit stops drive up nearby rental prices 25% - 60%* (*Sources: http://www.urbandisplacement.org)
- New Developments Change Neighborhoods, Additional Significant Developments are Planned in the Area by Major Developers
- 6.23% cap rate as of Feb 2024 (estimated)
- Less than 2 miles from the Future Panorama City Center, a 5,000,000 Sq Ft Transportation Oriented Development sure to Transform the Neighborhood
- Buyer has the option of Seller completing the work during escrow at a sales price of $4.199MM or close at a discount and do the work themselves
Property Facts
| No. Units | 18 | Lot Size | 0.48 AC |
| Property Type | Multifamily | Building Size | 17,911 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1964/2021 |
| Building Class | C | Parking Ratio | 1.01/1,000 SF |
| Zoning | R3 | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 17,911 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2021 |
| Parking Ratio | 1.01/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Range
Site Amenities
- Laundry Facilities
- Gated
Property Taxes
| Parcel Number | 2654-001-045 | Improvements Assessment | $1,427,863 |
| Land Assessment | $2,141,794 | Total Assessment | $3,569,657 |
Property Taxes
Parcel Number
2654-001-045
Land Assessment
$2,141,794
Improvements Assessment
$1,427,863
Total Assessment
$3,569,657
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