$7,995,000
PENDING $700K PRICE DROP

8567 Balboa Blvd Los Angeles, CA 91325

Northridge Neighborhood

Estimated payment $51,220/month

Total Views 3,906
62 Beds
66 Baths
40,606 Sq Ft
$197 Price per Sq Ft

Highlights

  • Gated Parking
  • 0.99 Acre Lot
  • Air Conditioning
  • Valley Academy of Arts & Sciences Rated A-

About This Home

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.

Listing Agent

Michael Salerno

Michael Anthony Salerno License #01212427 Listed on: 06/16/2025

Michael Anthony Salerno

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.99 Acre Lot

Interior Spaces

  • 40,606 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 62 Bedrooms
  • 66 Bathrooms

Parking

  • 63 Parking Spaces
  • Covered Parking
  • Gated Parking
  • Uncovered Parking

Utilities

  • Air Conditioning
  • Heating System Mounted To A Wall or Window

Community Details

  • 40 Units
  • Vacancy Allowance $18,834

Listing and Financial Details

  • Assessor Parcel Number 2690-021-040

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One, Two
  • Street Number Display: Yes
  • Living Area: 40606
  • Lot Acreage: 0.9941
  • Stories: 2
  • Year Built: 1963
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 62
  • Total Bathrooms: 66.00
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 196.89

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking, Gated, Uncovered
  • Total Parking: 63

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 64.90
  • Assessed Improvement Value: 7022700
  • Assessed Land Percent: 35.1
  • Assessed Land Value: 3797460
  • Total Assessed Value: 10820160
  • Assessor Parcel Number: 2690-021-040
  • Lot Size Area: 43302

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 10.54
  • Number Of Units: 40
  • Total Annual Expense: 295301
  • Type Of Units: apartment
  • Vacancy Allow: 18834
  • Vacancy Rate: 2.5

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2025 08/12/25 Price Changed $2,400 0.0% $2 / Sq Ft
08/12/2025 08/12/25 Pending -- -- --
08/07/2025 08/07/25 For Rent $2,500 0.0% --
07/23/2025 07/23/25 Price Changed $7,995,000 -8.1% $197 / Sq Ft
06/16/2025 06/16/25 For Sale $8,695,000 -- $214 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25552815

The MLS
California Los Angeles County Los Angeles 91325 Northridge

8567 Balboa Blvd, Los Angeles, CA

This home is located at 8567 Balboa Blvd, Los Angeles, CA 91325 and is currently priced at $7,995,000, approximately $196 per square foot. This property was built in 1963. 8567 Balboa Blvd is a home located in Los Angeles County with nearby schools including Parthenia Street Elementary School, Oliver Wendell Holmes Middle School, and James Monroe High School.

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Michael Salerno
Listing Agent
Michael Salerno
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Michael Anthony Salerno
(747) 350-1126