# 14668 Nordhoff St, Panorama City, CA 91402 > **TL;DR:** residential multi family, $9,800,000 ($283/sqft), built 1990, 34,648 sqft. > A/C. Est. $52,412/mo. Listed 204 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $9,800,000 | | Price/sqft | $283 | | Square Feet | 34,648 | | Year Built | 1990 | | Lot Size | 33,032 sqft (0.76 acres) | | Stories | 2 | | Property Type | Residential Multi Family (Other) | | Status | Pending | | Days on Market | 204 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $49,554 | | Estimated Insurance | $2,858 | | **Total** | **$52,412** | ## Key Amenities - A/C ## Property Highlights - Built in 1990 - 0.76 acre lot - 2 stories - 91 parking spaces ## Description ### Agent Description ***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 feature 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. ## Location - **Address:** 14668 Nordhoff St, Panorama City, CA 91402 - **County:** Los Angeles - **Coordinates:** 34.235056, -118.452432 - **Google Maps:** https://www.google.com/maps?q=34.235056,-118.452432 ## Listing Agent - **Name:** Robert Renshaw · **License:** 01332831 - **Brokerage:** Estate Properties - **Broker Phone:** (310) 802-2285 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/14668-Nordhoff-St_Panorama-City_CA_91402_M18380-29734?f=listhub&s=CLAWCA&m=26690295&c=propsimple) ## Photos ![14668 Nordhoff St - Photo 1](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f1841288562r.jpg) ![14668 Nordhoff St - Photo 2](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f251395029r.jpg) ![14668 Nordhoff St - Photo 3](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f2085636995r.jpg) ![14668 Nordhoff St - Photo 4](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f540281291r.jpg) ![14668 Nordhoff St - Photo 5](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f1793449770r.jpg) ![14668 Nordhoff St - Photo 6](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f3477972027r.jpg) ![14668 Nordhoff St - Photo 7](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f2443456912r.jpg) ![14668 Nordhoff St - Photo 8](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f2806093788r.jpg) ![14668 Nordhoff St - Photo 9](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f3110192836r.jpg) ![14668 Nordhoff St - Photo 10](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f882036498r.jpg) ![14668 Nordhoff St - Photo 11](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f3249864986r.jpg) ![14668 Nordhoff St - Photo 12](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f2479242103r.jpg) ![14668 Nordhoff St - Photo 13](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f520122295r.jpg) ![14668 Nordhoff St - Photo 14](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f1848830621r.jpg) ![14668 Nordhoff St - Photo 15](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f2159939404r.jpg) ![14668 Nordhoff St - Photo 16](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f1655430927r.jpg) ![14668 Nordhoff St - Photo 17](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f966485446r.jpg) ![14668 Nordhoff St - Photo 18](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f2092673852r.jpg) ![14668 Nordhoff St - Photo 19](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f3178932649r.jpg) ![14668 Nordhoff St - Photo 20](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f2419309665r.jpg) ![14668 Nordhoff St - Photo 21](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f388057810r.jpg) ![14668 Nordhoff St - Photo 22](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f2635494293r.jpg) ![14668 Nordhoff St - Photo 23](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f3767556146r.jpg) ![14668 Nordhoff St - Photo 24](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f693479531r.jpg) ![14668 Nordhoff St - Photo 25](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f4117417775r.jpg) ![14668 Nordhoff St - Photo 26](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f3307048256r.jpg) ![14668 Nordhoff St - Photo 27](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f811821991r.jpg) ![14668 Nordhoff St - Photo 28](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f1066900231r.jpg) ![14668 Nordhoff St - Photo 29](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f4261078564r.jpg) ![14668 Nordhoff St - Photo 30](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f3215873932r.jpg) ![14668 Nordhoff St - Photo 31](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f2395201788r.jpg) ![14668 Nordhoff St - Photo 32](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f2091938567r.jpg) ![14668 Nordhoff St - Photo 33](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f1509982785r.jpg) ![14668 Nordhoff St - Photo 34](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f1306774858r.jpg) ![14668 Nordhoff St - Photo 35](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f2325913832r.jpg) ![14668 Nordhoff St - Photo 36](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f106054063r.jpg) ![14668 Nordhoff St - Photo 37](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f4032186003r.jpg) ![14668 Nordhoff St - Photo 38](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f1220081949r.jpg) ![14668 Nordhoff St - Photo 39](http://lh.rdcpix.com/d16dc51f412bcc1dc1f35f1e59bd1884l-f2123477624r.jpg) --- **MLS#:** 26690295 | **Updated:** 2026-10-24 **Source:** listhub *Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/14668-nordhoff-st-panorama-city-ca-91402-afe42e2f0a28447cab3d49a3b55472be) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/14668-nordhoff-st-panorama-city-ca-91402-afe42e2f0a28447cab3d49a3b55472be#listing", "url": "https://www.propertysimple.ai/listing/14668-nordhoff-st-panorama-city-ca-91402-afe42e2f0a28447cab3d49a3b55472be", "name": "14668 Nordhoff St, Panorama City, CA 91402", "description": "***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 feature 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. 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