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    Four-Unit Residential Income Property Title is generated by Realmo AI

    14831 Nordhoff Street, Panorama City, CA 91402

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    New
    For Sale
    $1,750,000

    Single Family Residence - Panorama City, CA

    Type:Single Family Residence
    Property size:
    2,976 SF
    Lot size:
    7,229.00 Acres
    Price / SF:
    $588/SF
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 9:06 pm

    Property Features for 14831 Nordhoff Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Bedrooms
    7
    Bathrooms
    8
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Laundry, Living Room
    Parking
    6
    Interior features
    Quartz Counters, Recessed Lighting, Open Floorplan, Mirror Closet Door(s)
    Exterior features
    Community Features Included: Curbs, Sidewalks, 2-5 Units/Acre, Front Yard, Back Yard
    Appliances
    Cooktop, Cooktop - Gas, Dishwasher, Microwave, Oven - Gas, Refrigerator, Washer
    Standard status
    Active
    APN
    2651005003
    Size
    2,976 SF
    Lot size
    7,229.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1955
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Laminate
    Architectural style
    Other

    We can help!

    Listing Contact
    Haik Bokhchalian
    Haik Bokhchalian

    Listing agent Haik Bokhchalian License #01325511

    Listing office JohnHart Real Estate 215 N Victory Blvd, Sherman Oaks, CA

    Listing date Jun 4, 2026

    MLS# SR26121338 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Four‑unit income property in Panorama City on a single lot with SB9 development opportunity
    • Front residence: 2 bed / 1 bath (~907 SF) plus gated access and on‑site parking
    • Two ADUs: 1 bed / 1 bath (~389 SF) and an attached 2‑story 2 bed / 2.5 bath ADU (~839 SF)
    • Rear two‑story structure includes a 2 bed / 2.5 bath residence (~840 SF)
    • Total living space of approximately 2,975 SF with an open floorplan and recessed lighting
    • Modern interiors with quartz counters, stainless steel appliances, central heating/central air, dual‑pane windows, and luxury vinyl plank flooring

    Overview

    This newly constructed four-unit residential income property is situated on a single lot and is fully completed and turnkey. The arrangement includes a front 2-bedroom, 1-bath residence, plus a detached 1-bedroom, 1-bath ADU. A rear two-story structure features a 2-bedroom, 2.5-bath residence along with an attached two-story 2-bedroom, 2.5-bath ADU. The property provides modern, consistent interior finishes across the units, including quartz countertops, shaker cabinetry, stainless steel appliances, recessed lighting, dual-pane windows, contemporary bathrooms, and luxury vinyl plank flooring. Exterior features include a gated setting, low-maintenance grounds, ample on-site parking, and separate entrances designed to support privacy and convenience.

    Located in Panorama City, the property is described as having convenient access to shopping, dining, schools, public transportation, major freeways, and employment centers across the San Fernando Valley.

    For investors, owner-users, or those seeking multi-generational housing, the unit mix provides multiple 2-bedroom options alongside two 1-bedroom units. Separate entrances and the gated layout can help simplify everyday operations while maintaining distinct living spaces for tenants or occupants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panorama City
    County
    Los Angeles
    State
    California
    Longitude
    -118.45639
    Latitude
    34.23562

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    FAQs

    What type of property is this?
    Quadplex - Newly constructed four-unit property with two detached residences and two ADUs, offering a versatile rental unit mix.
    Where is this quadplex located?
    The property is located at 14831 Nordhoff Street Panorama City, CA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Four‑unit income property in Panorama City on a single lot with SB9 development opportunity; Front residence: 2 bed / 1 bath (~907 SF) plus gated access and on‑site parking; Two ADUs: 1 bed / 1 bath (~389 SF) and an attached 2‑story 2 bed / 2.5 bath ADU (~839 SF)
    (818) 400-1868
    We can help!
    Listing Contact
    Haik Bokhchalian
    Haik Bokhchalian
    Real Estate License ID: 01325511
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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