$7,125,000

8567 Balboa Boulevard, Northridge CA, 91325

Price per sqft$175.47

Built in1963

Property size40,606 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

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. PROPERTY CAN BE PURCHASED WITH 54 UNITS LOCATED AT 8615 BALBOA BLVD. This is a great opportunity to acquire 94 units in a prime San Fernando Valley location.

Additional information

MLS^® ID: 25552815

Interior Features

Bedrooms: 62
Bathrooms: 66
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.99 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