15240 Nordhoff St
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15240 Nordhoff St
14 Unit Block of Flats £3,278,541 (£234,182/Unit) 5.18% Net Initial Yield 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 | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£262,671
|
£23.68
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£7,880
|
£0.71
|
| Effective Gross Income |
£254,791
|
£22.97
|
| Taxes |
£40,929
|
£3.69
|
| Operating Expenses |
£85,278
|
£7.69
|
| Total Expenses |
£126,208
|
£11.38
|
| Net Operating Income |
£128,583
|
£11.59
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £262,671 |
| Annual Per SF | £23.68 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £7,880 |
| Annual Per SF | £0.71 |
| Effective Gross Income | |
|---|---|
| Annual | £254,791 |
| Annual Per SF | £22.97 |
| Taxes | |
|---|---|
| Annual | £40,929 |
| Annual Per SF | £3.69 |
| Operating Expenses | |
|---|---|
| Annual | £85,278 |
| Annual Per SF | £7.69 |
| Total Expenses | |
|---|---|
| Annual | £126,208 |
| Annual Per SF | £11.38 |
| Net Operating Income | |
|---|---|
| Annual | £128,583 |
| Annual Per SF | £11.59 |
Property Facts
| Price | £3,278,541 | Apartment Style | Low Rise |
| Price Per Unit | £234,182 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Net Initial Yield | 5.18% | Building Size | 11,092 SF |
| Gross Rent Multiplier | 12.47 | Number of Floors | 2 |
| No. Units | 14 | Year Built | 1983 |
| Property Type | Residential | Parking Ratio | 2.52/1,000 SF |
| Property Subtype | Apartment |
| Price | £3,278,541 |
| Price Per Unit | £234,182 |
| Sale Type | Investment |
| Net Initial Yield | 5.18% |
| Gross Rent Multiplier | 12.47 |
| No. Units | 14 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 11,092 SF |
| Number of Floors | 2 |
| Year Built | 1983 |
| Parking Ratio | 2.52/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 2 | £2,916 | 750 |
| 2+2 | 12 | £21,394 | 1,000 |
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Walk Score ®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 2654-034-006 | Total Assessment | £2,117,694 (2024) |
| Land Assessment | £1,270,616 (2024) | Annual Taxes | £40,929 (£3.69/sf) |
| Improvements Assessment | £847,077 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
2654-034-006
Land Assessment
£1,270,616 (2024)
Improvements Assessment
£847,077 (2024)
Total Assessment
£2,117,694 (2024)
Annual Taxes
£40,929 (£3.69/sf)
Tax Year
2023
zoning
| Zoning Code | R3, Los Angeles (Residential) |
| R3, Los Angeles (Residential) |
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15240 Nordhoff St
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