8615 Balboa Boulevard, Northridge, CA 91325
  • MLS#: 25552861 ( )
  • Street Address: 8615 Balboa Boulevard
  • Viewed: 4
  • Price: $8,750,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 12
  • Additional Information
  • County: LOS ANGELES
  • City: Northridge
  • Zipcode: 91325
  • Provided by: Michael Anthony Salerno
  • Contact: Michael A Michael A
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    54 units plus 1 non conforming unit in Northridge. Great value add opportunity. Long term owner 1st time on the market in more than 30 years. Huge upside in the rents RENTS ARE 45%BELOW MARKET. The property consists of 43 singles, 10 1bedroom 1 bath and 2 2 bedroom + 1 bath units. There is 32,452 square feet of building and it sits on a 38,701 square foot lot. New water heaters. Opportunity to add ADUs. New electrical panels. Wall Air Conditioners in all the units. 54 parking spots. New carpet in the entry and hallways. Large patio area on the 2nd floor overlooking the pool. On site laundry. The property is centrally located in the San Fernando Valley, minutes from California State University, Northridge, Matador Bowl and the Northridge Fashion Square Mall. Close to shops, restaurants and easy freeway access. PROPERTY CAN BE PURCHASED WITH 40 UNITS LOCATED AT 8567 BALBOA BLVD. This is an excellent opportunity to acquire 94 units in a prime San Fernando Valley location.
Property Location and Similar Properties
Request More Information
  • All fields are required.
Contact Patrick Adams
Contacting Patrick Adams
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
Features
Appliances
  1. Refrigerator
Building Area Total
  1. 32452.00
Country
  1. US
Heating
  1. Wall Furnace
Levels
  1. One
Netoperatingincome
  1. 405272.00
Parcel Number
  1. 2690021038
Parking Features
  1. Carport
  2. Covered
  3. Gated
Sourcesystemkey
  1. 25552861:CLAW
Totalexpenses
  1. 312266.00
Year Built
  1. 1964
Zoning
  1. LAR3