9001-9005 Orion Ave - Apartments FOR SALE


North Hills, CA 91343- North Hills East
$4,450,000 USD
310-836-3638
9001-9005 Orion Ave, North Hills, CA for Sale
$4,450,000 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

9001-9005 Orion Ave
North Hills, CA 91343
North Hills East


HIGHLIGHTS

  • *Financial Metrics* - 6.37% Cap Rate | 9.98% Market Cap - 9.46 GRM | 7.00 Market GRM
  • *Recent Capital Improvements* - Over $300K in capital improvements, many units extensively rehabbed with modern finishes.
  • *ADU Opportunity* - Opportunity to add a 1-bedroom, 1-bath ADU without sacrificing parking (buyer to verify).
  • *Value-Add Opportunity* - Two vacant, demoed units with permits ready for immediate renovation and lease-up.
  • *Location Benefits* - Conveniently located near major employment centers, retail corridors, and transit access.
  • *Tenant Appeal* - Turn key units with high-end finishes and sought-after in-unit laundry. Beautifully maintained exterior and landscaping create an i

OVERVIEW

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. Contact us today to request the OM or schedule a private tour. **Contact Kelly Morgan Multifamily Group for more information (310) 836-3638 or Kelly@KellyMorganCommercial.com** *Disclaimer: The attached information and figures are projections provided solely for conceptual marketing purposes and must be verified by the prospective purchasers. Neither the Seller, Alactic Systems, Kelly Morgan, their team, nor any related employees or independent contractors warrant their accuracy. Prospective purchasers should conduct their own due diligence and are advised to conduct a thorough investigation including consulting with the appropriate professionals regarding all relevant details, facts, and projections, including the ability to make any potential improvements or build an ADU on the property in question.

FOR SALE DETAILS

PRICE

$4,450,000 USD

PRICE/SF

$248 USD /SF

# OF UNITS

18

PRICE/UNIT

$247,222

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Orion Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,935 SF

ZONING

R3

APN/PARCEL ID

2654-001-045

ASK ABOUT THIS PROPERTY

Kelly MorganKelly Morgan Multifamily GroupMore Info
310-836-3638

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Kelly MorganKelly Morgan Multifamily GroupMore Info
310-836-3638

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.