SoldSep 24, 2025

Listed and Bought with Michael A Salerno from Michael Anthony Salerno

Source: Combined LA Westside Multiple Listing Service, Inc #25552861

8615 Balboa Boulevard, Los Angeles, CA, 91325

$7,350,000

14
54
54
32452 sq. ft.
38714 sq. ft.

Other

30+ days on the market

Sold: Sep 24, 2025

What's around 8615 Balboa Boulevard

About this property

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.

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Other properties sold by Michael Anthony Salerno

SoldOct 8, 2025
$1,010,000
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7
5
2
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Listing courtesy of Michael Anthony Salerno
SoldSep 24, 2025
$7,125,000
8567 Balboa Boulevard
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62
66
63
Other
Listing courtesy of Michael Anthony Salerno
SoldJun 27, 2025
$2,800,000
6500 Shirley Avenue
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24
16
16
Other
Listing courtesy of Michael Anthony Salerno

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