$7,350,000

8615 Balboa Boulevard, Northridge CA, 91325

Price per sqft$226.49

Built in1964

Property size32,452 sqft

Property typeResidential

Bought with Michael A Salerno with Michael Anthony Salerno and Listed by Michael A Salerno CA DRE# 01212427 with Michael Anthony Salerno 213-866-9801

Overview

Sold

Closed

Listed Jun 16, 2025

Updated Aug 25

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.

Additional information

MLS^® ID: 25552861

Interior Features

Bedrooms: 14
Bathrooms: 54
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.89 Acres

Other Property Details

55+/Senior Community: No

Bought with Michael A Salerno with Michael Anthony Salerno and Listed by Michael A Salerno CA DRE# 01212427 with Michael Anthony Salerno 213-866-9801

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/25/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/25/2026 at 1:08 AM UTC Last Checked: 1:08 AM UTC