Map of Property

8615 Balboa Blvd

For Sale

8615 Balboa Blvd, Northridge, CA 91325

This Northridge property for sale is located at 8615 Balboa Blvd. The general use of 8615 Balboa Blvd is multi-family and it incorporates 32,452 square feet of class B multi-family space. The current listed sale price for 8615 Balboa Blvd is $8,750,000. 8615 Balboa Blvd is situated on a lot that is 0.89 acre in size.

Contacts

broker
Mike Salerno

Los Angeles - Investment Services Group

Property Details

  • Property Type Multi-Family
  • Property Size 32,452 SF
  • Units 54
  • Lot Size 0.89 Acre
  • Parking Spaces Avail. 46
  • Building Class B
  • Year Built 1964
  • Date Updated Jun 16, 2025
North of Roscoe54 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 - 1 bedroom - 1 bath and 2 - 2 bedroom + 1 bath units. There is 32,452 square feet 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 is being offered with 40 units located at 8567 Balboa Blvd. Great opportunity to acquire 94 units in prime San Fernando Valley location.
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Highlights

  • Below market rents - 45% UPSIDE
  • Centrally located in the San Fernando Valley - close to California State University, Northridge & Northridge Fashion Square Mall
  • Excellent value-add opportunity
  • Long term owner - 1st time on the market in more than 30 years
  • New electrical panels and water heaters
  • Offered with 8567 Balboa Blvd. - 40 units
  • Potential to add ADUs

Getting around

  • 73/100

    Walk Score ®

  • 37/100

    Transit Score ®

  • 50/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Northridge, CA
  • Neighborhood Northridge
  • Zip Code 91325
  • Market Los Angeles

Points of Interest

  • Van Nuys

    3.43 miles

  • Sylmar/San Fernando

    5.44 miles

  • North Hollywood

    8.30 miles

  • Burbank Airport–South

    8.90 miles

  • Lower Tram Station

    9.80 miles

  • Arco

    0.12 miles

  • Shell

    0.44 miles

  • Mobil

    0.45 miles

  • Food 4 Less Gas Station

    1.02 miles

  • Ralphs Gas Station

    1.33 miles

  • G3 Charging Station

    1.40 miles

  • 76

    1.46 miles

  • Valero

    1.57 miles

  • Chargie

    1.61 miles

  • Chevron

    1.70 miles

  • Parking Lot G3

    1.40 miles

  • Parking Structure G3

    1.45 miles

  • Faculty/Staff Lot F2

    1.47 miles

  • Parking Lot G4

    1.49 miles

  • Restricted Lot F3

    1.51 miles

  • Parking Lot F5

    1.58 miles

  • Restricted Lot F4

    1.59 miles

  • Parking Structure G6

    1.61 miles

  • Lot D1

    1.65 miles

  • Lot G7

    1.74 miles

  • Motel 6

    1.66 miles

  • Holiday Inn Express

    1.89 miles

  • Airtel Plaza Hotel

    1.98 miles

  • Diamond Inn

    2.01 miles

  • Econo Motor Inn

    2.01 miles

  • Travel Inn

    2.01 miles

  • Sepulveda Inn Motel

    2.04 miles

  • Panorama Motel

    2.09 miles

  • Palm Tree Inn

    2.09 miles

  • Hill Crest Inn

    2.10 miles

  • Target

    0.49 miles

  • Albertsons

    0.51 miles

  • Food 4 Less

    0.98 miles

  • Norwood Shopping Center

    1.23 miles

  • Nordhoff Shopping Center

    1.23 miles

  • Seafood City

    1.23 miles

  • Ralphs

    1.44 miles

  • Boba Tea House

    1.50 miles

  • Vallarta

    1.91 miles

  • University Plaza

    1.96 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Mike Salerno

Los Angeles - Investment Services Group

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