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4747 Orion Avenue

Sherman Oaks, CA 91403
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Bed 5

Bed

Bath 0

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 $1,500,000, the property is offered at$375,000 per unit and $506 per square foot at a market caprate of 4.27% and market GIM of 13.30 - representing approximately 27% revenu e 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 : Residential Income

Price : $1,500,000

AD Id : 85157647

MLS Id : 26849143

Beds : 5

Lot Size : 8,755 Sqft

Living Area Size : 2,964

Year Built : 1976

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 5

    Bathroom Information

    Total Baths: 5 Full Baths: 0 Half Baths: 0
  • Cooling Features

    None Air Conditioning

    Heating Source

    None Has Heating

  • Building Information

    Year Built: 1976 Building Area Total: 2,964

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.201
  • Lot Size Source: Estimated Lot Size Square Feet: 8755

  • Listing Price Information

    Original List Price: 1,500,000 Listing Contract Date: 2026-06-17
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 2261038042

  • Garage and Parking

    Garage Description: Driveway

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: ENC - Encino Directions: On Orion, just south of Camarillo Street and West of 405 Fwy Zoning: LAR3 Source Property Type: Residential Income Area: ENC - Encino
  • Building and Construction

    Property Age: 50 Common Walls: 1 Common Wall Year Built Source: Vendor Enhanced Total Square Feet Living: 2964 Property Attached: Yes Levels or Stories: Multi/Split
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
14622 Huston Street, Sherman Oaks, CA, 91403 $1,699,000 5 5 2,582 2,582 SqFt
14722 Magnolia Boulevard, Sherman Oaks, CA, 91403 $1,595,000 4 -- 3,588 3,588 SqFt
14657 Addison Street, Sherman Oaks, CA, 91403 $2,850,000 4 -- 3,414 3,414 SqFt
4508 Vesper Avenue, Sherman Oaks, CA, 91403 $2,595,000 4 3 2,623 2,623 SqFt
14525 Dickens Street, Sherman Oaks, CA, 91403 $1,789,000 5 -- 2,484 2,484 SqFt
14526 Dickens Street, Sherman Oaks, CA, 91403 $1,995,000 6 -- 3,870 3,870 SqFt
4115 Knobhill Drive, Sherman Oaks, CA, 91403 $1,479,000 3 2 1,699 1,699 SqFt
14713 Valleyheart Drive, Sherman Oaks, CA, 91403 $2,575,000 5 3 5,041 5,041 SqFt
4503 Tobias Avenue, Sherman Oaks, CA, 91403 $1,785,000 4 4 2,500 2,500 SqFt
14758 Morrison Street, Sherman Oaks, CA, 91403 $3,395,000 4 4 3,663 3,663 SqFt

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ByOwner last updated this listing 06/19/2026 @ 17:33

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

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