4747 Orion Avenue, Sherman Oaks, CA 91403

Multi-Family · For sale · $1,500,000 · MLS# 26849143

Multi-Family for sale in Southern California — $1,500,000. 5 beds · 5 baths · 2,964 sqft. 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 V…

4747 Orion Avenue
For sale

$1,500,000

4747 Orion Avenue, Sherman Oaks, CA 91403

5beds
5baths
2,964sqft
Multi-FamilyProperty type
1976Year built
8,755 sqft lotLot size
2,964 sqftLiving area
$506/sqftPrice / sqft
HOA

Facts & features

Interior

Bedrooms & bathrooms

  • Bedrooms: 5
  • Bathrooms: 5

Heating

  • Heating: None

Cooling

  • Cooling: None

Interior area

  • Living area: 2,964 sqft

Property

Lot

  • Lot size: 8,755 sqft

Construction

Type & style

  • Home type: Multi-Family

Condition

  • Year built: 1976

Community & HOA

Community

  • Has HOA: No

Financial & listing details

  • Days on market: 31 days
  • Price / sqft: $506
  • Status: Active
  • MLS#: 26849143

Location

  • City: Sherman Oaks
  • ZIP: 91403

About this home

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.

Listing updated: July 15, 2026 at 4:42 PM

Listed by: Neema Ahadian, Marcus & Millichap

Source: CRMLS, MLS#: 26849143, Originating MLS: California Regional MLS

Location

Explore parks, streets, and what's around this home.

Sherman Oaks

Contact a buyer's agent

Connect with a local buyer's agent about this home.

By pressing Next, you agree that The Slava House and their real estate professionals, including Slava Ploshkin, may call/text you about your inquiry, which may involve use of automated means and prerecorded/artificial voices. You don't need to consent as a condition of buying any property, goods, or services. Message/data rates may apply. You also agree to our Terms of Use.

Facts & features

Interior

Bedrooms & bathrooms

  • Bedrooms: 5
  • Bathrooms: 5

Heating

  • Heating: None

Cooling

  • Cooling: None

Interior area

  • Living area: 2,964 sqft

Property

Lot

  • Lot size: 8,755 sqft

Construction

Type & style

  • Home type: Multi-Family

Condition

  • Year built: 1976

Community & HOA

Community

  • Has HOA: No

Financial & listing details

  • Days on market: 31 days
  • Price / sqft: $506
  • Status: Active
  • MLS#: 26849143

Location

  • City: Sherman Oaks
  • ZIP: 91403

Price history

DateEventPrice
6/17/2026Source: CRMLS, #26849143Listed for sale$1,500,000$506/sqft
California Regional Multiple Listing Service (CRMLS)

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 2026-07-15 16:42:57 PDT and /or other sources. 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