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20436722
20436724

15240 Nordhoff Street, North Hills, CA 91343

JA
CA CA 01822661
KW Commercial Studio City
MP
CA 01274379
KW Commercial Studio City
Listed by KW Commercial Studio City
$3,995,000
592 days on market
Updated 17 days ago

15240 Nordhoff Street

Details
APN 2654034006
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,092
Net Rentable (SqFt) 11,092
Units 14
Cap Rate 5.51%
NOI $220,120
Occupancy 100%
Pro-Forma Cap Rate 6.88%
Pro-Forma NOI $274,767
Price per SqFt $360
Class B
Year Built 1983
Buildings 1
Stories 1
Acreage 0.246
Zoning Other
Parking Spaces 14 spaces
Parking Per SqFt 1.26
Investment Type Stabilized
Ground Lease No

Multifamily | 14 Units | Statewide Rent Control

Marketing description

Introducing 15240 Nordhoff St, North Hillsan 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 investors portfolio. Dont miss out on this rare opportunity

Investment highlights

  • Great North Hills Location

  • Rental Upside

  • Statewide Rent Control

  • On-Site Parking

  • Freeway and Transit Access

  • On-Site Laundry

  • Great Unit Mix 2-1+1 | 12-2+2

  • High Demand Rental Location

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Listing Contacts

JA
CA CA 01822661
KW Commercial Studio City
MP
CA 01274379
KW Commercial Studio City
Listed by KW Commercial Studio City

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$220,120.00
$18,343.33/mo

Valuation Metrics

0
DSCR
5.51%
Cap Rate
5.51%
ROI

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Additional Information

Name
James Antonucci
License
CA 01822661
Brokerage
KW Commercial Studio City
Brokerage Phone
8183816601
Title
Vice President of Investments
Brokerage Address
4605 Lankershim Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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