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14 Units On Nordhoff St - New Lowered Price 15240 Nordhoff St 14 Unit Apartment Building $3,995,000 ($285,357/Unit) 5.41% Cap Rate North Hills, CA 91343
INVESTMENT HIGHLIGHTS
- Great North Hills Location
- Statewide Rent Control
- Freeway and Transit
- Rental Upside
- On-Site Parking
- High Demand Rental Location
EXECUTIVE SUMMARY
Introducing 15240 Nordhoff St, North Hills—an excellent investment opportunity featuring a mix of 2 one-bedroom, one-bath units and 12 two-bedroom, two-bath units. This property offers a fantastic North Hills location, subject to statewide rent control with notable rental upside potential.
Tenants will appreciate the secure, gated entry, on-site parking with additional storage, and the convenience of on-site laundry facilities. Each unit is individually metered for gas and electricity, providing efficiency and ease for management.
Located just a short distance from major freeways (I-5, I-405, and CA-118), Panorama Mall, Van Nuys Airport, and the Ventura County Line Metrolink, this property boasts excellent accessibility to key local attractions and transportation hubs. An ideal opportunity for investors looking for a well-situated, income-generating property with room for growth!
This property is a great addition to any investor’s portfolio. Don’t miss out on this rare opportunity
Tenants will appreciate the secure, gated entry, on-site parking with additional storage, and the convenience of on-site laundry facilities. Each unit is individually metered for gas and electricity, providing efficiency and ease for management.
Located just a short distance from major freeways (I-5, I-405, and CA-118), Panorama Mall, Van Nuys Airport, and the Ventura County Line Metrolink, this property boasts excellent accessibility to key local attractions and transportation hubs. An ideal opportunity for investors looking for a well-situated, income-generating property with room for growth!
This property is a great addition to any investor’s portfolio. Don’t miss out on this rare opportunity
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$345,336
|
$31.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$10,360
|
$0.93
|
| Effective Gross Income |
$334,976
|
$30.20
|
| Taxes |
$49,938
|
$4.50
|
| Operating Expenses |
$68,869
|
$6.21
|
| Total Expenses |
$118,807
|
$10.71
|
| Net Operating Income |
$216,169
|
$19.49
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $345,336 |
| Annual Per SF | $31.13 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $10,360 |
| Annual Per SF | $0.93 |
| Effective Gross Income | |
|---|---|
| Annual | $334,976 |
| Annual Per SF | $30.20 |
| Taxes | |
|---|---|
| Annual | $49,938 |
| Annual Per SF | $4.50 |
| Operating Expenses | |
|---|---|
| Annual | $68,869 |
| Annual Per SF | $6.21 |
| Total Expenses | |
|---|---|
| Annual | $118,807 |
| Annual Per SF | $10.71 |
| Net Operating Income | |
|---|---|
| Annual | $216,169 |
| Annual Per SF | $19.49 |
PROPERTY FACTS
| Price | $3,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $285,357 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 5.41% | Building Size | 11,092 SF |
| Gross Rent Multiplier | 11.57 | No. Stories | 2 |
| No. Units | 14 | Year Built | 1983 |
| Property Type | Multifamily | Parking Ratio | 2.52/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3, Los Angeles - Residential | ||
| Price | $3,995,000 |
| Price Per Unit | $285,357 |
| Sale Type | Investment |
| Cap Rate | 5.41% |
| Gross Rent Multiplier | 11.57 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 11,092 SF |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 2.52/1,000 SF |
| Zoning | R3, Los Angeles - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $3,691 | 750 |
| 2+2 | 12 | $27,081 | 1,000 |
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Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 2654-034-006 | Total Assessment | $2,734,202 (2025) |
| Land Assessment | $1,640,522 (2025) | Annual Taxes | $49,938 ($4.50/SF) |
| Improvements Assessment | $1,093,680 (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
2654-034-006
Land Assessment
$1,640,522 (2025)
Improvements Assessment
$1,093,680 (2025)
Total Assessment
$2,734,202 (2025)
Annual Taxes
$49,938 ($4.50/SF)
Tax Year
2023
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14 Units On Nordhoff St - New Lowered Price | 15240 Nordhoff St
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