40 units in Northridge. Great value-add opportunity. Long term owner - first time on the market in more than 35 years. Large units - 40,606 sq.ft. of building. HUGE UPSIDE - RENTS ARE 40%BELOW MARKET. Excellent unit mix (17 - 1bd +1ba, 1 - 2bd+1ba,18 - 2bd+2ba & 4 -… Read More 2bd+2.5ba townhouse units). The property was built in 1963 and it sits on a 43,288 square foot lot. Units have patios and balconies. The pool has recently been redone with new plaster and tiles. On site laundry. Individually metered for gas and electricity. New water heaters. Copper horizontal pipes. There is parking for 63 vehicles. Potential to add ADUs. The property is centrally located in the San Fernando Valley. Close to California State University, Northridge, Matador Bowland the Northridge Fashion Square Mall. Close to shops, restaurants and easy freeway access. Excellent assumable loan with Chase. Approximate balance -$3,356,863, 3.54% fixed until 7/1/2029. Current monthly payment is $16,015. PROPERTY CAN BE PURCHASED WITH 54 UNITS LOCATED AT 8615 BALBOA BLVD. This is a great opportunity to acquire 94 units in a prime San Fernando Valley location. Read Less
Courtesy of Michael Anthony Salerno 310-200-1309
Listing Snapshot
Days Online
14
Last Updated
Property Type
Other
Beds
62
Square Ft.
40,606
Lot Size
0.99 Acres
Year Built
1963
MLS Number
25552815
30 Days Snapshot Of 91325
$1.01M
-18%
(avg) sold price
4
+33%
homes sold
56
-15%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator, Range/Oven
Building
40,606 sq ft, Built in 1963, Levels: One, Two
Cooling
Air Conditioning
Disclosures
None
Garage
Covered Parking, Gated, Uncovered
Heating
Wall
Lot
LotAcreage: 0.9941, LotSizeArea: 43,302
Parking
TotalParking: 63
Property
NumberOfUnits: 40, Zoning: LAR3
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