Property
Beds
34
Full Baths
None
1/2 Baths
None
Year Built
1964
Sq.Footage
17,911
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.***
Features & Amenities
Interior
-
Total Bedrooms
34
-
Bathrooms
N/A
-
Heating YN
YES
-
Heating
Wall Furnace
Exterior
-
Garage
No
-
Parking
Carport
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.4806
-
Property Type
Residential Income
Price
-
Sales Price
$4,450,000
-
Sq. Footage
17, 911
-
Price/SqFt
$248
HOA
-
Association
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Senior Community YN
NO
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Kelly Morgan , Houze Real Estate Management
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