Active Under Contract

14668 Nordhoff Street

Panorama City, CA 91402
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Bed 80

Bed

Bath 81

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 : ResidentialIncome

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 beds: 80

    Bathroom Information

    Total Baths: 81
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 1990
    Building Area Total: 34648
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 33032 Lot Size Acres: 0.7583 Lot Size Source: Assessor Lot Size Square Feet: 33,032

  • Listing Price Information

    Listing Price: $9800000
    Original Price: $10350000

  • Tax Information

    Parcel Number: 2651011004

  • Location Information

    Direction: Near Nordhoff St & Tobias Ave
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Nearby Home Value

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13260 Winfield, Panorama City, CA, 91402 $839,900 5 2 1,482 5,767 Sqft
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8341 Minuet Place, Panorama City, CA, 91402 $649,999 3 1 1,014 6,350 Sqft
8040 Ranchito Avenue, Panorama City, CA, 91402 $2,049,000 10 8 4,000 9,741 Sqft
7842 Clearfield Avenue, Panorama City, CA, 91402 $1,199,500 3 3 1,863 6,336 Sqft
8330 Stansbury Avenue, Panorama City, CA, 91402 $719,888 3 1 1,014 5,957 Sqft
8007 Broadleaf, Panorama City, CA, 91402 $999,000 4 4 1,950 6,573 Sqft
14601 Del Playa, Panorama City, CA, 91402 $769,999 4 3 1,574 2,945 Sqft
14609 W Del Playa, Panorama City, CA, 91402 $769,000 4 3 1,574 2,157 Sqft
7918 Hazeltine Avenue, Panorama City, CA, 91402 $1,149,000 6 3 2,060 5,505 Sqft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/13/2026 @ 19:34

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

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