8567 Balboa Blvd Los Angeles, CA 91325
40-unit apartment building with value-add potential in a prime location.
Building Details
- Year built
- 1963
Source:
Lee-associates
Listing Agent: Mike Salerno
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Northridge Multifamily Investment Opportunity
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.519
- Latitude
- 34.2368
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 40-unit apartment building with value-add potential in a prime location.
Where is this apartment building located?
The property is located at 8567 Balboa Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $7,995,000.
What are key features of this property?
This property features: - HUGE UPSIDE - RENTS ARE 40% BELOW MARKET; - Excellent assumable loan with Chase, approximate balance - $3,356,863, 3.54% fixed until 7/1/2029. Current monthly payment is $16,015.; - Offered with 8615 Balboa Blvd - 54 units
