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4747 Orion Avenue

Sherman Oaks, CA 91403
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Bed 5

Bed

Bath 5

Bath

SqFt2,964

Sqft

SqFt8,755

Sqft(Lot)

We are pleased to present 4747 Orion Avenue, a4-unit multifamily investment opportunity situated in the heart of Sherman Oaks, just moments from Ventura Boulevard and the101/405 interchange - one of the San Fernando Valley's most desirable and supply-constrained rental submarkets. The property features three one-bedroom/one-bath units and one two-bedroom/two-bath unit across approximately 2,964 gross square feet, sitting on a spacious 8,755 SF lot. One unit will be delivered vacant at the close of escrow, providing an incoming investor with immediate market rate income for that unit from day one. At the asking price of $1,350,000, the property is offered at $337,500 per unit and $455 per square foot at a market cap rate of 4.88% and market GIM of 11.97 - representing approximately 24% reve nue upside as below-market leases roll to current levels. R3-1 zoning on an 8,755 SF lot unlocks meaningful development optionality. Base density supports up to 10 units by right at 1unit per 800 SF of lot area, with additional density achievable through Density Bonus, SB 9, and state housing provisions - all of which have seen active uptake throughout Sherman Oaks. Buyer to verify. The surrounding submarket has attracted significant institutional capital, with IMT Residential's 249-unit Citrus Commons and 325-unit Via Avanti either recently delivered or nearing completion within close proximity, validating deep and sustained investor conviction in the Sherman Oaks multifamily market. Metro's East San Fernando Valley Light Rail is currently under construction along Van Nuys Boulevard, with 11 stations planned between the G Line and Pacoima. Additionally, the Sepulveda Transit Corridor - a proposed high-capacity rail connection linking the Valley to the Westside - is advancing through environmental review, with a corridor alignment running through Sherman Oaks.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,350,000

AD Id : 85157647

MLS Id : 26849143

Beds : 5

Lot Size : 8,755 Sq. Ft

Living Area Size : 2,964 Sq. Ft

Year Built : 1976

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 5
  • Heating & Cooling

    Heating: None Cooling: None

  • Building Information

    Year Built: 1976
    Building Area Total: 2964
    Private Pool: No

  • Lot Information

    Main Square Feet: 8755 Lot Size Acres: 0.201 Lot Size Source: Estimated Lot Size Square Feet: 8,755

  • Listing Price Information

    Listing Price: $1350000
    Original Price: $1500000

  • Tax Information

    Parcel Number: 2261038042

  • Location Information

    Direction: On Orion, just south of Camarillo Street and West of 405 Fwy
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
14557 Addison Street, Sherman Oaks, CA, 91403 $3,299,000 5 6 3,699 6,958 Sq. Ft
5114 Cedros Avenue, Sherman Oaks, CA, 91403 $2,995,000 4 4 3,045 6,501 Sq. Ft
14627 Huston, Sherman Oaks, CA, 91403 $2,799,000 4 5 2,426 6,089 Sq. Ft
14709 Otsego, Sherman Oaks, CA, 91403 $2,125,000 5 5 2,970 6,747 Sq. Ft
14657 Addison Street, Sherman Oaks, CA, 91403 $2,725,000 4 -- 3,414 7,277 Sq. Ft
4641 Vesper Avenue, Sherman Oaks, CA, 91403 $2,888,888 4 5 2,935 6,752 Sq. Ft
5130 Willis Avenue, Sherman Oaks, CA, 91403 $1,049,900 2 2 1,212 6,556 Sq. Ft
14526 Dickens Street, Sherman Oaks, CA, 91403 $1,995,000 6 -- 3,870 6,807 Sq. Ft
14713 Valleyheart Drive, Sherman Oaks, CA, 91403 $2,350,000 5 4 5,041 8,819 Sq. Ft
14803 Otsego Street, Sherman Oaks, CA, 91403 $2,795,000 5 5 3,655 6,114 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/27/2026 @ 09:05

MLS: 26849143 LISTED BY: Neema Ahadian, Marcus & Millichap 310-909-5500 SOURCE: CRMLS

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