$10,350,000
14668 Nordhoff Street, Panorama City CA 91402
Multi-Family (41 Units)
Property type
68 days
On market
$299
Price per sqft
N/A
Garage
1990
Year built
33,032 sqft
Lot size
Home highlights
Open Houses
Overview
14668 Nordhoff Street presents a compelling opportunity to acquire a well-maintained, 41-unit apartment community in the heart of Panorama City, NOT SUBJECT TO LA CITY RENT CONTROL. Constructed in 1990, the property offers a highly attractive, low-maintenance investment profile with a strong and desirable unit mix comprised of 39 spacious two-bedroom units and two one-bedroom...
Listing provided by: Robert Renshaw DRE #01332831 424-293-4770, REMAX COMMERCIAL & INVESTMENT REALTY
Listing updated: Apr 17, 2026 at 07:19am.
Last checked: Jun 13, 2026 at 08:00am
Source: CRMLS #26690295
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 2 | — | $2,400 | $2,400 | $2,500 | Unfurnished |
| 38 | 2 | 2 | — | $2,152 | $81,777 | $91,200 | Unfurnished |
| 2 | 1 | 1 | — | $1,707 | $3,414 | $3,800 | Unfurnished |
# of Buildings: 1
# of Units Total: 41
Financial Snapshot
Gross Rent Multiplier
9.8x
List Price / Annual Gross Rent
Cap Rate
5.69%
NOI / List Price
Net Operating Income: $589,169
Interior
Cooling: Central Air
Heating: Central
Exterior
Stories Total: 2
Levels: Two
Garage and Parking
Parking: Assigned
Parking Total: 91
Lot Information
Land Lease: No
Parcel #: 2651011004
Zoning: LAR3
Community
HOA: No
Senior Community: No