15240 Nordhoff Street

North Hills, CA 91343

$4,150,000
Price
3
Beds
26
Baths
11,092 Sq. Ft.
$374 / Sq. Ft.
11,092
Sq. Ft.
$374
per Sq. Ft.

Description

Introducing 15240 Nordhoff St, North Hills—an 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...Introducing 15240 Nordhoff St, North Hills—an 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 investor’s portfolio. Don’t miss out on this rare opportunity
  1. Listed by James Antonucci • DRE #01822661 • Brokerage DRE #01428774 • Keller Williams Realty-Studio City • 818-381-6601
  2. Listed by Michael Pesci • DRE #01274379 • Brokerage DRE #01428774 • Keller Williams Studio City

Property Details for 15240 Nordhoff Street

Parking Spaces Total
0
Private Pool
No
Total Units
14.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
11092
Assessor Parcel Number
2654-034-006
Property Attached YN
true
LISTING UPDATED: 12/12/2024 03:42 AM

Property Details for 15240 Nordhoff Street

StatusActive
MLS #SR24218194
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1983
CountyLos Angeles County

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Building Information for 15240 Nordhoff Street

Building/Complex15240 Nordhoff StFloor-Stories1Residences-Pet Policy-Year Built1983Building Size-

Property Information for 15240 Nordhoff Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $332,916
  • Gross Scheduled Income: $332,916
  • Vacancy Allowance: 9987
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $322,929
  • Net Operating Income: $214,844
  • Laundry Income: $2,400
  • Gross Multiplier: 12.47
  • Cap Rate: 5.18
Expense Details
  • Operating Expense: $108,084
  • Operating Expense Percent: 32.50%
  • New Taxes Expense: $51,875
  • Gardener Expense: $1,500
  • Fuel Expense: $7,120
  • Electric Expense: $7,120
  • Insurance Expense: $11,092
  • Professional Management Expense: $0
  • Trash Expense: $5,040
  • Water Sewer Expense: $7,120
  • Total Expenses: $108,084
Tax / Assessment Info
  • Tax Tract Number: 23645
  • Tax Census Tract: 1175.10
  • CFD/Mello-Roos Fee: $1,933
  • Tax Lot: 22
Community / Development
Community / Development
  • Community Features: Sidewalks, Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: 2
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Number Of Units: 14
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One, Two, Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,381
  • Unit Type Total Rent: $3,381
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 12
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $24,162
  • Unit Type Total Rent: $24,162
  • Unit Type Pro Forma: 30000
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1

Property History for 15240 Nordhoff Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 15240 Nordhoff Street

Taxable ValueLand$1,608,355Additions$1,072,236Total$2,680,591
Tax Record2024$34,092 ($2,841 / month)
Home Facts
Total Finished SqFt11,092 SqFtAbove Grade Finished SqFt11,092 SqFtStories1Lot Size10,712 SqFtStyleMulti-Family Res (5+ Units)Year Built1983ZoningLAR3CountyLOS ANGELESAPN2654-034-006

Schools near 15240 Nordhoff Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Plummer Elementary School
PublicK to 6

Francisco Sepulveda Middle School
Public6 to 8

Valley Academy Of Arts And Sciences
Public9 to 12

Northridge Academy High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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15240 Nordhoff Street is a multi-family home for sale in North Hills, CA 91343. This property was listed for sale on October 21, 2024 by Keller Williams Realty-Studio City, it's currently listed at $4,150,000. It has been on the market for a total of 13 days and was last sold on August 13, 2014. This listing's school district is Los Angeles Unified School District. Nearby schools include Plummer Elementary School, Francisco Sepulveda Middle School and Valley Academy Of Arts And Sciences. 15240 Nordhoff Street is a 3-bed, 26-bath, 11,092 sqft multi-family home built in 1983.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty-Studio City, James Antonucci, DRE #01822661; Keller Williams Studio City, Michael Pesci, DRE #01274379

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.