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North Hills Multifamily Investment Opportunity

15240 Nordhoff ST, North Hills, CA 91343

For Sale
$3,995,000

North Hills multifamily property with rental upside potential.

Property Size11,092 SF
Price / SF$360.17
Days on Market749

Property Features for 15240 Nordhoff ST

General Information

Standard status Active
Size 11,092 SF
Property subtype Apartment

Building Details

Building Size 11,092 SF
Year Built 1983
Listing Agency: Keller Williams Realty-Studio City
Listed By: James Antonucci · License #01822661
Source: Frontgaterealestate
Added: Oct 21, 2024 Changed: Nov 7 Last Checked: Nov 6 at 2:43PM

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 Keller Williams Realty-Studio City

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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

Who owns this building? See the owner, sales and loan history
Open Analytics

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Apartment buildings in Los Angeles County, CA

$410 Jul
$401 Aug
$397 Sep
$400 Oct

Properties on Market for Apartment buildings in Los Angeles County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

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 ST 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.
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