SoldSep 24, 2025

Listed and Bought with Michael A Salerno from Michael Anthony Salerno

Source: Combined LA Westside Multiple Listing Service, Inc #25552815

8567 Balboa Boulevard, Los Angeles, CA, 91325

$7,125,000

62
66
63
40606 sq. ft.
43302 sq. ft.

Other

30+ days on the market

Sold: Sep 24, 2025

What's around 8567 Balboa Boulevard

About this property

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.

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Other properties sold by Michael Anthony Salerno

SoldOct 8, 2025
$1,010,000
13358 Victory Boulevard
Los Angeles CA 91401
7
5
2
Other
Listing courtesy of Michael Anthony Salerno
SoldSep 24, 2025
$7,350,000
8615 Balboa Boulevard
Los Angeles CA 91325
14
54
54
Other
Listing courtesy of Michael Anthony Salerno
SoldJun 27, 2025
$2,800,000
6500 Shirley Avenue
Los Angeles CA 91335
24
16
16
Other
Listing courtesy of Michael Anthony Salerno

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