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North Hills Multifamily Investment Opportunity
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15240 Nordhoff Street, North Hills, CA 91343

North Hills multifamily property with rental upside potential.

Property Size11,092 SF
Price / SF$360.17
Days on Market683

Property Features for 15240 Nordhoff Street

General Information

Standard status Active
Size 11,092 SF
Class B
Total Parking Spaces 14
Property subtype Multifamily
Zoning Other
Occupancy 100%
Investment Type Stabilized
Net Operating Income $220,120

Building Details

Year Built 1983
Buildings 1
Stories 1
Units 14
Listing Agency: KW Commercial Studio City
Listed By: James Antonucci · License #CA 01822661
Source: Crexi
Added: Oct 21, 2024 Changed: Aug 19 Last Checked: Sep 2 at 8:14AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Studio City

Investment Insights

Based on property information with market context.

The property at 15240 Nordhoff St, North Hills, presents an investment opportunity. The building contains a mix of 2 one-bedroom, one-bath units and 12 two-bedroom, two-bath units. The property is subject to statewide rent control and has rental upside potential. Residents benefit from a secure, gated entry, on-site parking with additional storage, and on-site laundry facilities. Each unit is individually metered for gas and electricity. The location provides accessibility to major freeways (I-5, I-405, and CA-118), Panorama Mall, Van Nuys Airport, and the Ventura County Line Metrolink. The property is 11,092 square feet and is located in North Hills.

Key Highlights

  • Excellent North Hills location, close to I‑5, I‑405, CA‑118, Panorama Mall, Van Nuys Airport, and Ventura County Line Metrolink.
  • Features a mix of unit types: 2 one‑bedroom/one‑bath and 12 two‑bedroom/two‑bath units.
  • Rental upside potential.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Parking Lot & Garage Gym & Fitness Center Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,088
Businesses Nearby

Demographics for 91343, CA

62,595
Population
18,891
Households
3.3
Avg Household Size
36
Median Age
26%
College-Educated
77%
High-School Grad
5.9 sq mi
ZIP Area
10,609
Density / Sq Mi
$81,719
Median Household Income
$37,266
Median Earnings
$1,796
Median Rent
$751,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - North Hills multifamily property with rental upside potential.
Where is this apartment building located?
The property is located at 15240 Nordhoff Street North Hills, CA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Excellent North Hills location, close to I‑5, I‑405, CA‑118, Panorama Mall, Van Nuys Airport, and Ventura County Line Metrolink.; Features a mix of unit types: 2 one‑bedroom/one‑bath and 12 two‑bedroom/two‑bath units.; Rental upside potential.
(818) 381-6601 Call to check price and availability
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