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14 Units On Nordhoff St - New Lowered Price 15240 Nordhoff St 14 Unit Apartment Building $5,576,101 CAD ($398,293 CAD/Unit) 5.51% Cap Rate North Hills, CA 91343
Investment Highlights
- Great North Hills Location
- Statewide Rent Control
- Freeway and Transit
- Rental Upside
- On-Site Parking
- High Demand Rental Location
Executive Summary
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
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
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$482,010
|
$43.46
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$14,460
|
$1.30
|
| Effective Gross Income |
$467,549
|
$42.15
|
| Taxes |
$69,702
|
$6.28
|
| Operating Expenses |
$96,125
|
$8.67
|
| Total Expenses |
$165,827
|
$14.95
|
| Net Operating Income |
$301,722
|
$27.20
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $482,010 |
| Annual Per SF | $43.46 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $14,460 |
| Annual Per SF | $1.30 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $467,549 |
| Annual Per SF | $42.15 |
| Taxes (CAD) | |
|---|---|
| Annual | $69,702 |
| Annual Per SF | $6.28 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $96,125 |
| Annual Per SF | $8.67 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $165,827 |
| Annual Per SF | $14.95 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $301,722 |
| Annual Per SF | $27.20 |
Property Facts
| Price | $5,576,101 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $398,293 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 5.51% | Building Size | 11,092 SF |
| Gross Rent Multiplier | 11.42 | No. Stories | 2 |
| No. Units | 14 | Year Built | 1983 |
| Property Type | Multifamily | Parking Ratio | 2.52/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3, Los Angeles - Residential | ||
| Price | $5,576,101 CAD |
| Price Per Unit | $398,293 CAD |
| Sale Type | Investment |
| Cap Rate | 5.51% |
| Gross Rent Multiplier | 11.42 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 11,092 SF |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 2.52/1,000 SF |
| Zoning | R3, Los Angeles - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $5,151 CAD | 750 |
| 2+2 | 12 | $37,799 CAD | 1,000 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 2654-034-006 | Total Assessment | $3,760,621 CAD (2025) |
| Land Assessment | $2,256,374 CAD (2025) | Annual Taxes | $69,702 CAD ($6.28 CAD/SF) |
| Improvements Assessment | $1,504,247 CAD (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
2654-034-006
Land Assessment
$2,256,374 CAD (2025)
Improvements Assessment
$1,504,247 CAD (2025)
Total Assessment
$3,760,621 CAD (2025)
Annual Taxes
$69,702 CAD ($6.28 CAD/SF)
Tax Year
2023
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14 Units On Nordhoff St - New Lowered Price | 15240 Nordhoff St
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