26
See all 26 photos
$7,995,000
Est. payment /mo
62 Beds
66 Baths
40,606 SqFt
Price Dropped by $700K
8567 Balboa BLVD Northridge, CA 91325
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 40,606 sqft
Price per Sqft $196
MLS Listing ID 25552815
Bedrooms 62
HOA Y/N No
Year Built 1963
Lot Size 0.994 Acres
Property Description
PRICE REDUCED - 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 Nr - Northridge
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Covered, Gated, Uncovered
Total Parking Spaces 63
Building
Story 2
Entry Level One,Two
Level or Stories One, Two
New Construction No
Others
Senior Community No
Tax ID 2690021040
Special Listing Condition Standard
Listed by Michael A Salerno Michael Anthony Salerno
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