54 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 - 1bedroom - 1 bath and 2… Read More - 2 bedroom + 1 bath units. There is 32,452 square feet of building 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 CAN BE PURCHASED WITH 40 UNITS LOCATED AT 8567 BALBOA BLVD. This is an excellent 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
14
Square Ft.
32,452
Lot Size
0.89 Acres
Year Built
1964
MLS Number
25552861
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
32,452 sq ft, Built in 1964, Levels: One
Cooling
Wall Unit(s)
Disclosures
None
Garage
Carport, Covered Parking, Gated
Heating
Wall
Lot
LotAcreage: 0.8888, LotSizeArea: 38,714
Parking
TotalParking: 54
Property
NumberOfUnits: 54, Zoning: LAR3
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