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$ 1,350,000
Est. payment | /mo
8,755 Sqft Lot
$ 1,350,000
Est. payment | /mo
8,755 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL26854807
HOA Y/N No
Lot Size 8,755 Sqft
Acres 0.201
Property Sub-Type Unimproved Land
Property Description
We are pleased to present 4747 Orion Avenue situated in the heart of Sherman Oaks, just moments from Ventura Boulevard and the 101/405 interchange on a spacious 8,755 SF lot. At the asking price of $1,500,000, the property is offered at $171 per square foot. 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.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 2261038042
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Listed by Neema Ahadian • Marcus & Millichap
Nearby Locations
9030 BRENTWOOD BLVD, BRENTWOOD, California 94513, United States