8567 Balboa Boulevard, Northridge, CA 91325 - Berkshire Hathaway HomeServices California Properties
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8567 Balboa Boulevard, Northridge, CA 91325

$8,695,000 Approx. USD 62 beds, 66 baths
40,606 sqft
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Listing Agent


Michael A Salerno | mike.salerno@lee-associates.com
Lic#: 01212427
Broker: Courtesy of Michael Anthony Salerno

Agent Remarks

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%BELOW 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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25552815
Price: $8,695,000
Beds: 62
Baths: 66
Built in 1963
40,606 sqft
1 story
0.99 acres
Lot size: 0.9941
County: Los Angeles
Zoning: LAR3
Appliances: Refrigerator
Parking description: Covered,Gated,Uncovered
Heating description: Wall Furnace
MLS area: NR - Northridge

Last Updated: 7/7/2025

 Days On Market (DOM): 27

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This listing belongs to the NR - Northridge MLS area

Lat/Long: 34.226704, -118.503411.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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