CA > Northridge
Northridge, CA 91325,8615 Balboa BLVD
Northridge, CA 91325,8615 Balboa BLVD
Northridge, CA 91325,8615 Balboa BLVD
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$8,750,000
Est. payment /mo
14 Beds
54 Baths
32,452 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 32,452 sqft

Price per Sqft $269

MLS Listing ID 25552861

Bedrooms 14

HOA Y/N No

Year Built 1964

Lot Size 0.889 Acres

Property 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.

Location

State CA

County Los Angeles

Area Nr - Northridge

Zoning LAR3

Interior

Heating Wall Furnace

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Covered, Carport, Gated

Total Parking Spaces 54

Building

Story 2

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 2690021038

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Michael A Salerno • Michael Anthony Salerno

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