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Back 8615 Balboa Boulevard
Off Market

8615 Balboa Boulevard

Los Angeles CA 91325

14
54
54
32452 sq. ft.
38714 sq. ft.
Other
Last sold for $7,350,000
Michael A SalernoMichael A Salerno, last sold this property on 24 September 2025 after 99 days on market.

Overview

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.

Features

14 bedrooms
54 bathrooms
54 carspaces
32452 sq. ft. floor area
38714 sq. ft. lot size
Other

Estimated Value

We need at least 3 similar 14 bedroom other properties sold in Los Angeles over the last 12 months.

Property history for 8615 Balboa Boulevard

2025
Sold
$7,350,000
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 14 bedroom other properties in Los Angeles

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