8926 Orion Avenue
North Hills, CA 91343
- – beds
- – baths
- – sqft
- ~1 acre lot
- 1964 build
- – on site
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Orion Apartments, located at 8926 Orion Ave. in the North Hills submarket of the San Fernando Valley. On the market for the 1st time in over 30 years, this true value-add opportunity will allow a new Buyer to capture 50+% upside in rents. Built in 1964, the Orion Apartments features a unit mix of 4-1 Bedroom/1 Bath, 11-2 Bedroom/1 Bath, 10-2 Bedroom/1.5 Bath, 9-2 Bedroom/2 Bath and 1-3 Bedroom/2 Bath. The building is individually metered for gas and electric, and has one main water heater that services all units. A mixture of tuck-under and carport parking offers tenants 6 tandem and 26 individual spaces to accommodate a total number of 38 cars. The earthquake retrofit work has been completed. The Los Angeles Housing Department citied the building for plumbing work that was done years ago without a permit. The notice to comply was not corrected within the specified time causing the property to go into REAP. As a result of the citation the building was completely replumbed with all new copper plumbing in 2022. As of June 2022, the property has been taken out of REAP and cleared of all citations. Please contact listing agents for full Offering Memorandum.
Last checked:
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Last updated Aug 9, 2023
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MLS# 22173715 —
The Building
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Year Built:1964
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New Construction:No
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Building Area Total:33348.00
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Total Number Of Units:35
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# of Buildings:1
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Stories Total:2
Location
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Directions:Located in North Hills, east of the 405 freeway, north of Parthenia St., south of Nordhoff St., and west of Sepulveda Blvd.
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Latitude:34.23288000
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Longitude:-118.47141400
The Property
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Property Type:Residential Income
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Zoning:LAR3
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Lot Size Area:38398.0000
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Lot Size Dimensions:128x300
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Lot Size Acres:0.8815
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Lot Size SqFt:38398.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:2654002048
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
The Community
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Senior Community:No
Parking
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Parking:Yes
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Parking:Tandem Garage, Carport, Uncovered
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Parking Spaces:38.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
8/3/22
Aug 3, 2022
|
Sold | CRMLS_CA | $5,600,000 | -17.6% |
|
7/20/22
Jul 20, 2022
|
Pending | CRMLS_CA | $6,800,000 | |
|
6/29/22
Jun 29, 2022
|
Listed / Active | CRMLS_CA | $6,800,000 |
