9001-9005 Orion Ave - Apartments FOR SALE
North Hills, CA 91343 |
9001-9005 Orion Ave
North Hills, CA 91343
HIGHLIGHTS
- The Next Multifamily Hotspot echoing the Success of North Hollywood and Korea Town
- 6.23% cap rate as of Feb 2024 (estimated)
- Near the upcoming Van Nuys Light Rail, New public transit stops drive up nearby rental prices 25% - 60%* (*Sources: http://www.urbandisplacement.org)
- Less than 2 miles from the Future Panorama City Center, a 5,000,000 Sq Ft Transportation Oriented Development sure to Transform the Neighborhood
- New Developments Change Neighborhoods, Additional Significant Developments are Planned in the Area by Major Developers
- 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
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
6% Cap Rate with Upside in Rents
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
17911
STORIES
2
YEAR BUILT
1964
PARKING SPACES
18
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
2654-001-045
