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4747 Orion Avenue

Sherman Oaks, CA 91403
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SqFt8,755

Sqft(Lot)

We are pleased to present 4747 Orion Avenue situated in the heart of Sherman Oaks, just moments from Ventura Boulevard and the 101/405 interchange on a spacious 8,755 SF lot. At the asking price of $1,500,000, the property is offered at $171 per square foot. 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 proxim ity, 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 : Land

Price : $1,500,000

AD Id : 87407259

MLS Id : 26854807

Lot Size : 8,755 Sqft(Lot)

County : Los Angeles

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Feature Features

  • Bathroom Information

    Total Baths: 0 Full Baths: 0 Half Baths: 0

  • 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: 2026-07-01
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 2261038042

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: ENC - Encino Directions: Orion Ave south of Camarillo, west of 405 Fwy Zoning: LAR3 Source Property Type: Land Area: ENC - Encino
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5136 Noble Avenue, Sherman Oaks, CA, 91403 $1,299,000 -- -- -- 6,752 Sqft(Lot)
15072 Encanto Dr, Sherman Oaks, CA, 91403 $749,000 -- -- -- 7,455 Sqft(Lot)
3941 Pacheco Drive, Sherman Oaks, CA, 91403 $335,000 -- -- -- 6,230 Sqft(Lot)
3947 N Hopevale Drive, Sherman Oaks, CA, 91403 $125,000 -- -- -- 5,329 Sqft(Lot)
3895 N Hopevale Drive, Sherman Oaks, CA, 91403 $65,000 -- -- -- 4,941 Sqft(Lot)
3905 N Hopevale Drive, Sherman Oaks, CA, 91403 $65,000 -- -- -- 5,305 Sqft(Lot)
3359 Vista Haven Road, Sherman Oaks, CA, 91403 $1,750,000 -- -- -- 24,412 Sqft(Lot)

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ByOwner last updated this listing 07/02/2026 @ 22:59

MLS: 26854807 LISTED BY: Neema Ahadian, Marcus & Millichap 310-909-5500 SOURCE: CRMLS

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