Executive Summary

The Neema Group of Marcus & Millichap is pleased to present 4747 Orion Avenue, a 4-unit multifamily investment opportunity situated in the heart of Sherman Oaks, just moments from Ventura Boulevard and the 101/405 interchange – one of the San Fernando Valley’s most desirable and supply-constrained rental submarkets.

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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.

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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 cap rate of 4.27% and market GIM of 13.30 – representing approximately 27% revenue upside as below-market leases roll to current levels.

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R3-1 zoning on an 8,755 SF lot unlocks meaningful development optionality. Base density supports up to 10 units by right at 1 unit 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.

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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.

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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.