8615 Balboa Boulevard

Northridge, CA 91325

  • 14 Bed(s)
  • 0 Bath(s)
  • 32,452 Sqft
  • 38714
    Sqft(Lot)
$8,750,000

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?low 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 Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    50193475

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Property Details

  • Bedroom Information

    • Total Bedrooms : 14

    Bathroom Information

    • Total Baths: 54
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Refrigerator

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1964
    • Building Area Total: 32,452

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.8888
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 38714

  • Listing Price Information

    • Original List Price: 8,750,000
    • Listing Contract Date: 2025-06-16

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 2690021038

  • Garage and Parking

    • Garage Description: Covered,Carport,Gated

    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: 61
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 32452
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 07/06/2025 @ 19:53

  • MLS: 25552861
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 14 bedrooms which is for sale, it has 32,452 sqft, 38,714 sized lot, and 0 parking. are nearby neighborhoods.