8567 Balboa Boulevard

Northridge, CA 91325

  • 62 Bed(s)
  • 0 Bath(s)
  • 40,606 Sqft
  • 43302
    Sqft(Lot)
$8,695,000

Description

40 units in northridge. great value-add opportunity. long term owner - first time on the market in more than 35 years. large units - 40,606 sq.ft. of building. huge upside - rents are 40?low market. excellent unit mix (17 - 1bd +1ba, 1 - 2bd+1ba,18 - 2bd+2ba & 4 - 2bd+2.5ba townhouse units). the property was built in 1963 and it sits on a 43,288 square foot lot. units have patios and balconies. the pool has recently been redone with new plaster and tiles. on site laundry. individually metered for gas and electricity. new water heaters. copper horizontal pipes. there is parking for 63 vehicles. potential to add adus. the property is centrally located in the san fernando valley. close to california state university, northridge, matador bowland the northridge fashion square mall. close to shops, restaurants and easy freeway access. excellent assumable loan with chase. approximate balance -$3,356,863, 3.54% fixed until 7/1/2029. current monthly payment is $16,015. property can be purchased with 54 units located at 8615 balboa blvd. this is a great opportunity to acquire 94 units in a prime san fernando valley location.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    50193479

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Property Details

  • Bedroom Information

    • Total Bedrooms : 62

    Bathroom Information

    • Total Baths: 66
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Refrigerator

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1963
    • Building Area Total: 40,606

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.9941
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 43302

  • Listing Price Information

    • Original List Price: 8,695,000
    • Listing Contract Date: 2025-06-16

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 2690021040

  • Garage and Parking

    • Garage Description: Covered,Gated,Uncovered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: NR - Northridge
    • Directions: North of Roscoe
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: NR - Northridge

    Building and Construction

    • Property Age: 62
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 40606
    • Levels or Stories: One,Two
    • Building Total Stories: 1
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BuyOwner last updated this listing 07/06/2025 @ 19:28

  • MLS: 25552815
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 62 bedrooms which is for sale, it has 40,606 sqft, 43,302 sized lot, and 0 parking. are nearby neighborhoods.