8960 Orion Avenue

North Hills, CA 91343

$9,575,000
Last Sold Price
47
Beds
39
Baths
28,742 Sq. Ft.
$333 / Sq. Ft.
28,742
Sq. Ft.
$333
per Sq. Ft.

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...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.
  1. Listed by Daniel Withers • DRE #01325901 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services

Property Details for 8960 Orion Avenue

Zoning
LAR3
Parcel Number
2654002047
Total Units
37.0
Living Area
28742
Source Living Area
Vendor Enhanced
Area
North Hills (NOH)
Vacancy Rate
5
Lot Size Area
32696

Location

Listing Courtesy of Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901

Sold By Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901

Add your commute
LISTING UPDATED: 08/08/2022 09:24 AM

Property Details for 8960 Orion Avenue

StatusSold
MLS #21-769972
Days on Market157
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.75 AC / 32,696 SF
CountyLos Angeles County

Location

Listing Courtesy of Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901

Sold By Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901

Add your commute

Building Information for 8960 Orion Avenue

Stories2Residences-Year Built1962Building Size-Lot Size0.75 AC / 32,696 SF

Payment Calculator

$62,359 per month

30 year fixed, 7.25% Interest

Principal and Interest

$52,255

Property Taxes

$10,104

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8960 Orion Avenue

Community / Development
Community / Development
  • Number Of Units: 37
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: Other
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $712,436
  • Net Operating Income: $448,294.00
  • Gross Income: $734,883
  • Gross Rent Multiplier: $12.88
  • Total Annual Expense: 264141
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.7506
  • Lot Size Square Feet: 32696
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 40
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 08-06-2021
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,367.00
  • Unit Actual Rent: $4,100.00
  • Unit Projected Rent: $1,450.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,548.00
  • Unit Actual Rent: $37,143.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 24
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,912.00
  • Unit Actual Rent: $15,297.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 8
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,350.00
  • Unit Actual Rent: $2,700.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $702,400.00
  • Assessed Improvement Percent: 55.06
  • Assessed Land Value: $573,387.00
  • Assessed Land Percent: 44.94
  • Assessed Total Value: $1,275,787.00

Property History for 8960 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 8960 Orion Avenue

Taxable ValueLand$5,859,900Additions$3,909,100Total$9,769,000
Tax Record2023$121,248 ($10,104 / month)
Home Facts
Total Finished SqFt28,742 SqFtAbove Grade Finished SqFt28,742 SqFtLot Size32,696 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLAR3CountyLOS ANGELESAPN2654-002-047

Schools near 8960 Orion Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 5 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Carlos Santana Arts Academy
PublicK to 5

Valor Academy Middle School
Charter5 to 8

James Monroe High School
Public9 to 12

Valley Academy Of Arts And Sciences
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

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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 Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901

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.