15240 Nordhoff St Los Angeles, CA 91343

This exceptional 14-unit apartment building presents a compelling investment opportunity in the desirable North Hills neighborhood of Los Angeles, CA. The property, built in 1983, comprises 11,092 square feet across three stories and sits on a 10,712 square foot lot. The building features a mix of unit types: two one-bedroom/one-bathroom units and twelve two-bedroom/two-bathroom units, all benefiting from individual gas and electric meters. Currently boasting a 93% occupancy rate, the property generates a strong NOI of $214,844, with a pro-forma NOI projected at $286,997, reflecting a potential cap rate of 6.92%. The asking price is $4,150,000, translating to $374.14 per square foot and $296,429 per unit. Convenient amenities include on-site parking (14 spaces) and laundry facilities. The property is subject to statewide rent control and benefits from its location near major freeways (I-5, I-405, and CA-118), Panorama Mall, Van Nuys Airport, and the Ventura County Line Metrolink. The property's zoning is LAR3, and the APN is 2654-034-006. This gated community offers a secure environment for residents. This is a stabilized investment with significant upside potential in a high-demand rental market. The property's strong cash flow and location make it an ideal addition to any investor's portfolio.