8567 Balboa Blvd new Save Request In-Person Tour Request Virtual Tour
Northridge,CA 91325
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 40,606 sqft
Price per Sqft $214
MLS Listing ID 25552815
Bedrooms 62
Year Built 1963
Lot Size 0.994 Acres
Property Sub-Type Multi-Family
Property 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%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.
Location
State CA
County Los Angeles
Area Northridge
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Air Conditioning
Equipment Refrigerator, Range/Oven
Exterior
Parking Features Covered Parking, Gated, Uncovered
Garage Spaces 63.0
Building
Story 2
Others
Special Listing Condition Standard