8567 Balboa Blvd | Northridge, CA 91325
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- LoopNet Team
8567 Balboa Blvd
Northridge, CA 91325
Multifamily Property For Sale
·
40 Units
INVESTMENT HIGHLIGHTS
- First time on the market in more than 30 years
- Below market rents - over 40% upside
- Potential to add ADUs
- Large Units - 40,606 sq.ft of building
- Great unit mix of 1 and 2 bedroom units
- Can be purchased with 8615 Balboa Blvd - 54 units
PROPERTY FACTS
| No. Units | 40 | Building Size | 40,606 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 1.55/1,000 SF |
| Lot Size | 0.99 AC | ||
| Zoning | LAR3 - Multiple Dwelling | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.99 AC |
| Building Size | 40,606 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 17 | $23,061 | 500 - 600 |
| 2+1 | 1 | $1,358 | 650 - 700 |
| 2+2 | 18 | $30,159 | 700 - 850 |
| 2+2.5 | 4 | $8,202 | 900 - 1,000 |
PROPERTY TAXES
| Parcel Number | 2690-021-040 | Improvements Assessment | $4,141,767 |
| Land Assessment | $2,265,018 | Total Assessment | $6,406,785 |
PROPERTY TAXES
Parcel Number
2690-021-040
Land Assessment
$2,265,018
Improvements Assessment
$4,141,767
Total Assessment
$6,406,785
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