Property
Beds
14
Full Baths
None
1/2 Baths
None
Year Built
1964
Sq.Footage
32,452
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 - 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.
Features & Amenities
Interior
-
Total Bedrooms
14
Area & Lot
-
Lot Size(acres)
0.8888
-
Property Type
Residential Income
Exterior
-
Garage
No
-
Parking
Covered, Carport, Gated
Financial
-
Sales Price
$8,750,000
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Michael A Salerno , Michael Anthony Salerno
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