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Back 8567 Balboa Boulevard
Off Market

8567 Balboa Boulevard

Los Angeles CA 91325

62
66
63
40606 sq. ft.
43302 sq. ft.
Other
Last sold for $7,125,000
Michael A SalernoMichael A Salerno, last sold this property on 24 September 2025 after 99 days on market.

Overview

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.

Features

62 bedrooms
66 bathrooms
63 carspaces
40606 sq. ft. floor area
43302 sq. ft. lot size
Other

Estimated Value

We need at least 3 similar 62 bedroom other properties sold in Los Angeles over the last 12 months.

Property history for 8567 Balboa Boulevard

2025
Sold
$7,125,000
24 Sep 2025 by Michael A Salerno, of Michael Anthony Salerno

Happy sellers in Los Angeles

87%
87% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Los Angeles over the last 12 months.

Local market activity for 62 bedroom other properties in Los Angeles

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