Three homes on one lot! Thoughtfully designed and extensively remodeled, each unit features brand-new appliances and its own washer/dryer, offering a modern and elevated living experience. The property consists of: (1) an approx. 1,550 sq.ft. upgraded main house (tenant-occupied on a month-to-month lease) with 4B/4B; (2) an approx. 1,200 sq.ft. newly built ADU (vacant) with 2B/2.5B; and (3) an approx. 476 sq.ft. newly built Junior ADU (vacant) with 1B/1B - all with permits. In addition, there is an approx. 120 sq.ft. shed, ideal for use as a dedicated storage room. Each unit has its own separate address and separate utilities, maximizing convenience and rental flexibility. All three units are highly rentable and offer excellent cash-flow potential. The front yard has been upgraded with drought-tolerant landscaping, providing a clean aesthetic while maximizing water-saving efficiency. Eco-friendly enhancements include leased solar panels, double-pane windows, and new insulation for improved energy efficiency and year-round comfort. Whether you're looking to diversify your investment portfolio or seeking a flexible living arrangement with built-in rental income, this property offers exceptional versatility. Live in one unit and rent out the other two, or lease all three for strong, stable returns. Located in the desirable North Hills neighborhood, the property offers convenient access to shopping, dining, recreation, and major transportation routes. Don't miss this rare opportunity to own a high-yield, turn-key multi-unit property in one of the most convenient pockets of the San Fernando Valley.
*** BANKRUPTCY COURT SALE/AUCTION (NOT AN REO, NOT BANK OWNED, AND NOT A SHORT SALE) ***Parthenia Apartments, located in North Hills, is a multifamily residential community offering 58 units across two stories. Developed in 1963, the property encompasses approximately 39,120 square feet of Total Interior Space on a 52,986 Square Foot Lot. The apartment complex features a variety of floor plans, including: Studios: Approximately 325–600 sq ft, One-Bedroom Units: Ranging from 600 to 735 sq ft, Two-Bedroom Units: Around 825 sq ft, and Three-Bedroom Units: Approximately 1,300 sq ft. Rental prices vary based on unit size and amenities. Community Features: Swimming pool, On-site laundry facilities, Surface parking with limited covered spaces, and Resident manager on-site. Unit Features: High-speed internet access, Refrigerator included, Some units feature balconies or patios, and Laminate wood, tile, or vinyl flooring. Location and Accessibility: Situated in the North Hills East area of North Hills, the property boasts a Transit Score of 49, suggesting some nearby public transportation options. The community is within a short distance to various shopping centers, grocery stores, and restaurants, and offers easy access to major freeways.
Introducing 15240 Nordhoff St, North Hills—an excellent investment opportunity featuring a mix of 2 one-bedroom, one-bath units and 12 two-bedroom, two-bath units. This property offers a fantastic North Hills location, subject to statewide rent control with notable rental upside potential. Tenants will appreciate the secure, gated entry, on-site parking with additional storage, and the convenience of on-site laundry facilities. Each unit is individually metered for gas and electricity, providing efficiency and ease for management. Located just a short distance from major freeways (I-5, I-405, and CA-118), Panorama Mall, Van Nuys Airport, and the Ventura County Line Metrolink, this property boasts excellent accessibility to key local attractions and transportation hubs. An ideal opportunity for investors looking for a well-situated, income-generating property with room for growth! This property is a great addition to any investor’s portfolio. Don’t miss out on this rare opportunity
North Hills is located in California.
