6727 Orion Avenue

Van Nuys, CA 91406

$2,077,011
Last Sold Price
12
Beds
6
Baths
5,624 Sq. Ft.
$369 / Sq. Ft.
5,624
Sq. Ft.
$369
per Sq. Ft.

Description

We are pleased to present this unique offering at 6727 Orion Avenue in Van Nuys, CA. Situated on nearly an acre of land, this multifamily offering is comprised of 5 detached homes on one lot, all of which have their own private, fenced-off yard. This offering has a great unit mix of homes with (1) 1 Bed / 1 Bath + Den house, (2) 2 Bed / 1 Bath homes, (1) 3 Bed / 1 Bath house, and in front there is a large 1,700+ sqft 3 Bed / 2 Bath house with a private gate, front yard, and pool in the back. In total,...We are pleased to present this unique offering at 6727 Orion Avenue in Van Nuys, CA. Situated on nearly an acre of land, this multifamily offering is comprised of 5 detached homes on one lot, all of which have their own private, fenced-off yard. This offering has a great unit mix of homes with (1) 1 Bed / 1 Bath + Den house, (2) 2 Bed / 1 Bath homes, (1) 3 Bed / 1 Bath house, and in front there is a large 1,700+ sqft 3 Bed / 2 Bath house with a private gate, front yard, and pool in the back. In total, there is 5,624 square feet of building between the homes, making the average house 1,125 square feet, and these homes range from 800 square feet to 1,700+ square feet. This property has two separate automated gates and secured entrances. The first gate is private for the front house which is completely walled off from the rest of the property, and the second gate leads down a long driveway where you'll find the remaining 4 homes. Over the 20+ years of ownership, this mom and pop seller has taken pride in their management by meticulously maintaining the property and never shying away from spending money on capital improvements. According to the Sellers, they have spent an estimated $165,000 of capital improvements, most of which were done in the past 5 years.
  1. Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 6727 Orion Avenue

Zoning
LAR1
Parcel Number
2234005007
Total Units
5.0
Living Area
5624
Source Living Area
Vendor Enhanced
Area
East Van Nuys
Vacancy Rate
0%
Lot Size Area
39016

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352

Sold By Compass, Nima Tehrany, DRE #01305628

Add your commute
LISTING UPDATED: 06/10/2022 08:22 PM

Property Details for 6727 Orion Avenue

StatusSold
MLS #22-158659
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.90 AC / 39,016 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352

Sold By Compass, Nima Tehrany, DRE #01305628

Add your commute

Building Information for 6727 Orion Avenue

Stories-Residences-Year Built1957Building Size-Lot Size0.90 AC / 39,016 SF

Payment Calculator

$13,608 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,335

Property Taxes

$2,273

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6727 Orion Avenue

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 5
  • Type Of Units: Market
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $134,791
  • Net Operating Income: $83,679.00
  • Gross Income: $138,960
  • Cap Rate: 3.80%
  • Gross Rent Multiplier: $15.83
  • Total Annual Expense: 51112
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.8957
  • Lot Size Square Feet: 39016
  • Lot Size Dimensions: 95x410
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 10
  • Parking Features: Driveway
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-18-2022
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,899.00
  • Unit Actual Rent: $1,899.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,575.00
  • Unit Actual Rent: $5,150.00
  • Unit Projected Rent: $7,000.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,748.00
  • Unit Actual Rent: $1,748.00
  • Unit Projected Rent: $4,250.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,783.00
  • Unit Actual Rent: $2,783.00
  • Unit Projected Rent: $4,900.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $481,688.00
  • Assessed Improvement Percent: 41.86
  • Assessed Land Value: $669,012.00
  • Assessed Land Percent: 58.14
  • Assessed Total Value: $1,150,700.00

Property History for 6727 Orion Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6727 Orion Avenue

Taxable ValueLand$1,270,920Additions$847,620Total$2,118,540
Tax Record2023$27,274 ($2,273 / month)
Home Facts
Total Finished SqFt5,624 SqFtAbove Grade Finished SqFt5,624 SqFtLot Size39,016 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningLAR1CountyLOS ANGELESAPN2234-005-007

Schools near 6727 Orion Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Charter - 9 to 12
Public - 9 to 12
Rating
School
Distance
Bassett Street Elementary School
PublicK to 5

Robert Fulton College Preparatory School
Public6 to 12

Birmingham Community Charter High School
Charter9 to 12

Van Nuys Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.