Listed by KW Commercial Studio City
$3,995,000
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
Listing Contacts
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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