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14668 Nordhoff Street

Panorama City, CA 91402
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Bed 80

Bed

Bath 0

Bath

SqFt34,648

Sqft

SqFt33,032

Sqft(Lot)

***MAJOR PRICE REDUCTION*** 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 units. The predominance of two-bedroom layouts provides stability and broad tenant appeal, catering to families, roommates, and long-term residents seeking larger living spaces within the San Fernando Valley. Many of the residences have been upgraded, enhancing both the aesthetic appeal and income potential of the asset. Each unit is equipped with central HVAC, while select units also featu re fireplaces and private balconies or patios. These sought-after amenities position the property competitively within the local market. A significant investment advantage is that, due to its 1990 construction, the property is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO). This exemption provides greater operational flexibility compared to many older multifamily assets in the area, allowing ownership to implement market-aligned rent adjustments and execute strategic revenue growth initiatives over time. In a regulatory environment where rent control can meaningfully impact long-term performance, this distinction materially enhances the asset's value proposition and future income growth potential. The community is thoughtfully designed around a landscaped courtyard and pool area, creating a welcoming residential atmosphere that encourages long-term tenancy. Additional amenities include on-site laundry facilities, trash chutes, and secured parking (91 spaces), offering residents both convenience and peace of mind. Built with more modern systems and construction standards than much of the surrounding housing stock, the property benefits from reduced deferred maintenance exposure and improved operational efficiency, making it particularly well-suited for investors seeking stable, predictable returns. Strategically located adjacent to Tobias Avenue Park, the property enjoys immediate access to green space and recreational amenities, while also being surrounded by abundant shopping, dining, and everyday conveniences along Nordhoff Street and nearby commercial corridors. Its central San Fernando Valley location offers convenient connectivity to major employment centers and key transportation routes, supporting sustained tenant demand and occupancy stability. With strong in-place income, a favorable regulatory position, continued renovation upside, and long-term appreciation potential, 14668 Nordhoff Street represents a rare opportunity to acquire a well-located, institutionally sized multifamily asset offering durable cash flow and meaningful rent growth potential in a high-demand Los Angeles submarket.

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Detail Ic Property Details

Property Type : Residential Income

Price : $9,800,000

AD Id : 76929679

MLS Id : 26690295

Beds : 80

Lot Size : 33,032 Sqft

Living Area Size : 34,648

Year Built : 1990

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 80

    Bathroom Information

    Total Baths: 81 Full Baths: 0 Half Baths: 0
  • Cooling Features

    Central Air Air Conditioning

    Heating Source

    Central Has Heating

  • Building Information

    Year Built: 1990 Building Area Total: 34,648

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.7583
  • Lot Size Source: Assessor Lot Size Square Feet: 33032

  • Listing Price Information

    Original List Price: 9,800,000 Listing Contract Date: 2026-04-09
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 2651011004

  • Garage and Parking

    Garage Description: Assigned

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: PC - Panorama City Directions: Near Nordhoff St & Tobias Ave Zoning: LAR3 Source Property Type: Residential Income Area: PC - Panorama City
  • Building and Construction

    Property Age: 36 Year Built Source: Vendor Enhanced Total Square Feet Living: 34648 Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
8109 Greenbush Avenue, Panorama City, CA, 91402 $1,099,900 3 3 1,654 1,654 SqFt
8018 Matilija, Panorama City, CA, 91402 $899,000 4 2 2,125 2,125 SqFt
8040 Ranchito Avenue, Panorama City, CA, 91402 $2,200,000 10 8 4,000 4,000 SqFt
13873 Lanark, Panorama City, CA, 91402 $675,000 3 2 1,046 1,046 SqFt
14177 Osborne Street, Panorama City, CA, 91402 $785,000 3 2 1,374 1,374 SqFt
8787 Colbath Avenue, Panorama City, CA, 91402 $839,000 4 3 1,544 1,544 SqFt
8068 Hazeltine, Panorama City, CA, 91402 $759,500 3 2 1,315 1,315 SqFt
8156 Hazeltine, Panorama City, CA, 91402 $690,000 3 1 918 918 SqFt
14320 Osborne, Panorama City, CA, 91402 $1,080,000 5 4 1,866 1,866 SqFt
14320 Osborne, Panorama City, CA, 91402 $1,080,000 -- -- 1,866 1,866 SqFt

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ByOwner last updated this listing 06/20/2026 @ 20:39

MLS: 26690295 LISTED BY: Robert Renshaw, REMAX COMMERCIAL & INVESTMENT REALTY 310-802-2500 SOURCE: CRMLS

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