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8615 Balboa Blvd
Northridge, CA 91325
Balboa Apartments · Multifamily Property For Sale
·
55 Units
Investment Highlights
- First time on the market in more than 30 years
- Below market rents - over 40% upside
- Can be purchased with 8567 Balboa Blvd - 54 units
- New electrical panels
- Potential to add ADUs
Property Facts
| No. Units | 55 | Building Size | 32,452 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.66/1,000 SF |
| Lot Size | 0.89 AC | ||
| Zoning | LAR3 - Multiple Dwelling | ||
| No. Units | 55 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.89 AC |
| Building Size | 32,452 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.66/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 43 | $47,676 | 400 - 500 |
| 1+1 | 10 | $10,390 | 600 - 700 |
| 2+1 | 2 | $2,621 | 650 - 700 |
Property Taxes
| Parcel Number | 2690-021-038 | Improvements Assessment | $6,400,000 |
| Land Assessment | $4,400,000 | Total Assessment | $10,800,000 |
Property Taxes
Parcel Number
2690-021-038
Land Assessment
$4,400,000
Improvements Assessment
$6,400,000
Total Assessment
$10,800,000
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