8435 Orion Ave, North Hills, CA 91343

0.38 acres

Sold: $450,000
Sold on 06/20/13
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My Notes

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Drive by only. Do not disturbed tenants. Property being sold based on the land value and development opportunity value only. Income has to be updated lower because the garage and land is no longer rented, as of June 1, 2012 only the main house is currently occupied and paying for $2,000/mo, however, the preliminary architecture plans said that it would fit 20 units with 12 units that are 2 bdrs of approximately 950 sq ft and 8 units that are 3 bdrs of approximately 1050 sq ft. Concept plans available via email, send an email to listing Agent requesting a copy request. Current zoning is RA- 1, a rezoning application was submitted and approved by city planning staff for R-3 zoning in 2008, however, due to down turn in market at that time the project stalled and final fees were not paid and application expired, but the city staff are readily open to re-application with indication of hardly any barriers or obstacles to obtaining R-3 rezoning. Please email any other questions to Listing Agent. Brokered And Advertised By: REAL ESTATE BROKER SERVICES Listing Agent: ERVIN FRISCO  More Less 

Facts

  • Last sold: Jun 2013 for $450,000

      Other

      • Parcel #: 2654029033
      • Zillow Home ID: 20135980

      Zestimate Details

      Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

      The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
      $1,949/mo
      +$21 Last 30 days
      $1.0K
      $2.8K
      Zestimate range

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      Comparable Homes

      Homes like this sold for $374K-4.0M.

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      Neighborhood

      Market guide

      Zillow predicts North Hills home values will decrease 0.2% next year, compared to a 0.2% increase for Los Angeles as a whole.

      Foreclosures will be a factor impacting home values in the next several years. In North Hills, the number of foreclosures waiting to be sold is 7.9% higher than in Los Angeles, and 61.1% higher than the national average. This higher local number may prevent North Hills home values from rising as quickly as other regions in Los Angeles.

      Learn more about forecast calculations or North Hills home values.
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