4747 Orion Ave, Sherman Oaks, CA

Name: 4747 Orion Ave, For Sale in Sherman Oaks - eXp Realty
Brand: Marcus & Millichap
SKU: 26849143
Price: 1500000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,500,000

550

MLS® 26849143

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 2964 sqft

Garage

Taxes

Days Active 2

Lot Size 0.201 Acres

Approx. Age 1976

Avg. Price Per Sqft $506

MLS® Number 26849143

Property Address: 4747 Orion Ave, Sherman Oaks, CA, 91403-1061

Average square foot calculated using Size range provided by listing agent.

Description

We are pleased to present 4747 Orion Avenue, a4-unit multifamily investment opportunity situated in the heart of Sherman Oaks, just moments from Ventura Boulevard and the101/405 interchange - one of the San Fernando Valley's most desirable and supply-constrained rental submarkets. The property features three one-bedroom/one-bath units and one two-bedroom/two-bath unit across approximately 2, 964 gross square feet, sitting on a spacious 8, 755 SF lot. One unit will be delivered vacant at the close of escrow, providing an incoming investor with immediate market rate income for that unit from day one. At the asking price of $1, 500, 000, the property is offered at$375, 000 per unit and $506 per square foot at a market caprate of 4.27% and market GIM of 13.30 - representing approximately 27% revenue upside as below-market leases roll to current levels.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 proximity, 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.

MLS® Number26849143

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1976

Basement

DrivewayDriveway

Garage Spaces

HeatNone

A/CNone

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 18, 2026List Date

$1,500,000List Price

Commute

Commute

Starting Address

Destination Address

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