8567 Balboa Blvd Northridge, CA 91325

Located in Northridge, this 40-unit apartment building presents a value-add opportunity. The property, consisting of 40,606 square feet of building space, is being offered for sale for the first time in over 35 years. The unit mix includes 17 one-bedroom, one-bathroom units, 1 two-bedroom, one-bathroom unit, 18 two-bedroom, two-bathroom units, and 4 two-bedroom, two-and-a-half-bathroom townhouse units. Constructed in 1963, the property sits on a 43,288 square foot lot. Units feature patios and balconies. The property includes a recently renovated pool with new plaster and tiles, on-site laundry facilities, and individual gas and electricity meters. New water heaters and copper horizontal pipes have been installed. Parking is available for 63 vehicles. There is potential to add ADUs. The property is centrally located in the San Fernando Valley, near California State University, Northridge, Matador Bowl, and the Northridge Fashion Square Mall, with convenient access to shops, restaurants, and freeways. The property is being offered with another property containing 54 units located at 8615 Balboa Blvd.