8567 Balboa Boulevard, Northridge, CA 91325

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8567 Balboa Boulevard,Northridge, CA 91325
$7,995,000
  • 62 Beds
  • 66 Baths
  • 40,606 sq. ft.
  • Multi-family
  • Pending
Listed by:michael a salerno
Office:michael anthony salerno
MLS#:25552815
Source:CRMLS

Price summary

  • Price:$7,995,000
  • Price per sq. ft.:$196.89

About this home

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.

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Home facts

  • Year built:1963
  • Listing Id #:25552815
  • Added:72 day(s) ago
  • Updated:August 27, 2025 at 07:26 AM

Rooms and interior

  • Bedrooms:62
  • Total bathrooms:66
  • Living area:40,606 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1963
  • Building area:40,606 sq. ft.
  • Lot area:0.99 Acres

Finances and disclosures

  • Price:$7,995,000
  • Price per sq. ft.:$196.89
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