Northridge, CA91325
| 32452 sqft | MLS# 25552861
Tract:
For Sale $7,825,000
Description
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.
Facts
| Built in 1964 | Lot Size: 38714.00 sqft | HOA Dues: $0/month
Features
Listing provided by Michael A Salerno, Michael Anthony Salerno
Based on information from California Regional Multiple Listing Service, Inc. as of July 23, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
