Map of Property

8615 Balboa Blvd

8615 Balboa Blvd, Northridge, CA 91325

  • For Sale $8,750,000
  • 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 Jul 2, 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.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

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

Contacts

broker
Mike Salerno

Los Angeles - Investment Services Group

Location

Getting Around

  • Walk Score ®

    73/100 Very Walkable

  • Transit Score ®

    37/100 Some Transit

  • Bike Score ®

    50/100 Bikeable
Powered by Walk Score ®
  • 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

  • KFC

    0.07 miles

  • McDonald's

    0.16 miles

  • Chipotle

    0.27 miles

  • Five Guys

    0.28 miles

  • Jack in the Box

    0.37 miles

  • Lulu's Restaurant

    0.46 miles

  • Jamba

    0.50 miles

  • Burger King

    0.56 miles

  • Leo's Vegan Cafe

    0.56 miles

  • El Pollo Loco

    0.56 miles

  • Parthenia Street School

    0.24 miles

  • Parthenia Elementary School

    0.24 miles

  • Holy Martyrs ARS Ashkhen Pilavjian Preschool

    0.53 miles

  • Dearborn Elementary School

    0.80 miles

  • Valley Park Charter School

    0.82 miles

  • Lorne Elementary School

    0.92 miles

  • Oliver Wendell Holmes Middle School

    0.94 miles

  • Stagg Elementary School

    1.01 miles

  • Highland Hall Waldorf School

    1.25 miles

  • Northridge Middle School

    1.28 miles

  • Tiny Thinkers Preschool

    1.58 miles

  • Valley Presbyterian School

    1.77 miles

  • ABC Little School

    1.95 miles

  • The Language Grove

    2.02 miles

  • Sunrise Child Care

    2.23 miles

  • El Proyecto

    3.14 miles

  • Lokrantz School

    3.49 miles

  • Sage Academy

    3.75 miles

  • Winnetka Childcare Center

    3.98 miles

  • Telfair Early Education Center

    5.01 miles

Frequently Asked Questions

How much does 8615 Balboa Blvd cost?

The space currently listed for sale at 8615 Balboa Blvd asks for $8,750,000.

What is the total square footage of 8615 Balboa Blvd?

8615 Balboa Blvd totals 32,452 square feet.

When was this property built?

8615 Balboa Blvd was built in 1964.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Mike Salerno

Los Angeles - Investment Services Group

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.