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8960 Orion Ave

North Hills, CA 91343
  • $9,650,000
  • STATUS: Active
  • ON SITE: 122 Days
  • ID#: 21-769972
UPDATED: 44 min ago
$9,650,000
  • 47
    BEDS
  • 0.75
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 28,742
    SQFT
  • $336
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1962
County:
Area:

School Ratings & Info

Description

8960 Orion Ave presents an opportunity to acquire a trophy North Hills asset. This property has been meticulously updated by the current ownership over the past 20 years. This property is achieving top-of-the-market rents and has an additional 15% upside in rental income. The subject property has undergone seismic retrofit, has a surveillance system, all doors and windows replaced, amongst other improvements. This property is situated in the heart of North Hills and is a short distance from the rest of the San Fernando Valley. The subject property is a short drive to California State University Northridge and is located around the corner from the 405 freeway.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-07T06:43:16.917. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.cgluxuryhomesla.com/homes/120178066
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8960 Orion Ave North Hills, CA 91343

  • Price: $9,650,000
  • Status: Active
  • On Site: 122 Days
  • Updated: 44 min ago
  • ID#: 21-769972
47
Beds
0
Baths
0
½ Baths
0.75
Acres
28,742
SQFT
$336
$/SQFT
1962
Built
Neighborhood:
North Hills
County:
Los Angeles
Area:
North Hills
Property Description
8960 Orion Ave presents an opportunity to acquire a trophy North Hills asset. This property has been meticulously updated by the current ownership over the past 20 years. This property is achieving top-of-the-market rents and has an additional 15% upside in rental income. The subject property has undergone seismic retrofit, has a surveillance system, all doors and windows replaced, amongst other improvements. This property is situated in the heart of North Hills and is a short distance from the rest of the San Fernando Valley. The subject property is a short drive to California State University Northridge and is located around the corner from the 405 freeway.
Exterior Features

Lot Size Area 32696 Other Structures Other Parking Garage Other Total Parking 40

Interior Features

Baths Total 39.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 1275787 Gross Income 734883 Gross Operating Income 712436 Like Units1 3 Like Units2 24 Like Units3 8 Like Units4 2 Net Operating Income 448294.00 Number Of Buildings 1 Number Of Units 37 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 264141 Type Of Units Apartments Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Daniel Withers DRE#01325901 of Matthews Real Estate Investment Services.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-07T06:43:16.917. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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