15240 Nordhoff St is a North Hills multifamily investment property in a high-demand rental location in the San Fernando Valley. This well-maintained 14-unit apartment community offers a stable unit mix and long-term rental fundamentals.
North Hills Multifamily Investment Property Unit Mix
Built in 1983, the property spans approximately 11,092 square feet of building area on a 10,712-square-foot lot. The unit mix consists of two 1-bedroom, 1-bath units and twelve 2-bedroom, 2-bath units. As a result, ownership benefits from diversified income across two distinct unit types.
On-Site Laundry and Parking with Storage
The property features a gated entry, adding a layer of security for residents. In addition, on-site laundry facilities and on-site parking with storage provide valuable convenience for tenants. Together, these amenities help support strong occupancy and tenant retention.
Individually Metered Utilities and R3 Zoning
Each unit is individually metered for gas and electricity, helping keep operating expenses predictable for ownership. Additionally, the property is zoned R3, supporting multifamily use consistent with the surrounding neighborhood. As with many California multifamily properties, it is also subject to statewide rent control under AB 1482.
I-405 Freeway Access and High-Demand Rental Location
The property is conveniently located near the I-405 Freeway, offering easy access across the San Fernando Valley. In addition, it is just a few miles from California State University, Northridge, a consistent source of rental demand in the area.
Why This North Hills Multifamily Investment Property Works
Overall, this North Hills multifamily investment property combines a stable 14-unit mix, secure on-site amenities, and a well-located North Hills address in a high-demand rental location. As a result, it presents a compelling opportunity for investors seeking dependable rental income and long-term upside.
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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
14 Units
10,712 
R3 Zoning
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