8615 Balboa Boulevard, Northridge, CA 91325

Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
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8615 Balboa Boulevard,Northridge, CA 91325
$7,825,000
  • 14 Beds
  • 54 Baths
  • 32,452 sq. ft.
  • Multi-family
  • Pending
Listed by:michael a salerno
Office:michael anthony salerno
MLS#:25552861
Source:CRMLS

Price summary

  • Price:$7,825,000
  • Price per sq. ft.:$241.13

About this home

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.

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Home facts

  • Year built:1964
  • Listing Id #:25552861
  • Added:72 day(s) ago
  • Updated:August 27, 2025 at 07:26 AM

Rooms and interior

  • Bedrooms:14
  • Total bathrooms:54
  • Living area:32,452 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1964
  • Building area:32,452 sq. ft.
  • Lot area:0.89 Acres

Finances and disclosures

  • Price:$7,825,000
  • Price per sq. ft.:$241.13
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