Active

4747 Orion Avenue

Sherman Oaks, CA 91403
Mark as Favorite
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.

Read More Expand

Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,350,000

AD Id : 85157647

MLS Id : 26849143

Beds : 5

Lot Size : 8,755 Sqft

Living Area Size : 2,964

Year Built : 1976

County : Los Angeles

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

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
Sell a home like this and save $80,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

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 3,699 SqFt
5114 Cedros Avenue, Sherman Oaks, CA, 91403 $2,995,000 4 4 3,045 3,045 SqFt
14627 Huston, Sherman Oaks, CA, 91403 $2,849,000 4 5 2,426 2,426 SqFt
14722 Magnolia Boulevard, Sherman Oaks, CA, 91403 $1,595,000 4 4 3,588 3,588 SqFt
14657 Addison Street, Sherman Oaks, CA, 91403 $2,725,000 4 -- 3,414 3,414 SqFt
4641 Vesper Avenue, Sherman Oaks, CA, 91403 $2,888,888 4 5 2,935 2,935 SqFt
4508 Vesper Avenue, Sherman Oaks, CA, 91403 $2,499,000 4 4 2,623 2,623 SqFt
14526 Dickens Street, Sherman Oaks, CA, 91403 $1,995,000 6 -- 3,870 3,870 SqFt
14755 Hesby Street, Sherman Oaks, CA, 91403 $3,899,000 5 6 4,583 4,583 SqFt
14713 Valleyheart Drive, Sherman Oaks, CA, 91403 $2,395,000 5 4 5,041 5,041 SqFt

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 08/12/2026 @ 15:42

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

Homes around $1,350,000

Selling? Save $80,501 when you sell a home like this

Tour with a ByOwner Agent