Briefly described, the subject consists of a good quality two-story apartment building above on-grade garage parking in good condition, containing 12 units totaling approximately 17,040 SF of net rentable area (per appraiser's measurements) and a gross building area of 17,200 SF (per Application for Building Permit and Certificate of Occupancy), constructed in 2023. The average unit size is approximately 1,420 SF. The subject's site consists of approximately 13,700 SF or approximately .31 acre of land. The site is rectangular and is level and at street grade.
We are pleased to present the opportunity to acquire a 34-unit value-add multifamily, located in North Hills. Built in 1974, the subject proporty is located at one of the most desirable rental market in San Fernando Valley, and it offers an excellent unit mix comprised of (12) two-bedroom units and (22) one bedroom units. All units are individual Parcels except two legalized units. The two legalized units are combined into one of the parcel. Buyer to satisfy its own investigation. The ownership has completed the seismic retrofitting. The roof is replaced in 2023. Currently it was painted in fresh.
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
The median home value in North Hills, CA is $650,000. The national median home value is $338,100. The average price of homes sold in North Hills, CA is $650,000. North Hills real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a North Hills real estate agent to arrange a tour today!