9001 Orion Avenue, North Hills, CA 91343

0 beds 0 baths 20,934 sq.ft.

Offerered at: $4,450,000.00

County: Los Angeles
Year Built: 1964
Association Fees: $0.00/mo.

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.***

ESSENTIAL INFO

  • Status: Active