8649 Sunland Blvd - Apartments FOR SALE


Sun Valley, CA 91352
$2,900,000 USD
310-926-5181
8649 Sunland Blvd, Sun Valley, CA for Sale
$2,900,000 USD
Apartments - FOR SALE
1/9
null | 7.56% Cap Rate

8649 Sunland Blvd
Sun Valley, CA 91352


HIGHLIGHTS

  • Opportunity to acquire 17 co-op units out of a 24-unit community in prime Sun Valley
  • Majority ownership (70.83%) provides meaningful control within the HOA
  • Excellent value-add opportunity with significant upside potential
  • Courtyard-style building with gated entry, assigned on-site parking, and on-site laundry facilities
  • Flexibility to operate as rental housing or pursue individual co-op unit sales
  • Located in the highly desirable Sun Valley neighborhood of the San Fernando Valley

OVERVIEW

Kidder Mathews is pleased to present the opportunity to acquire The O’Linda, a well-positioned cooperative asset located at 8649 Sunland Blvd in the highly desirable Sun Valley submarket of the San Fernando Valley. The offering consists of 17 co-op units out of 24 total units, representing approximately 70.83% ownership of the community. This majority stake provides meaningful governance influence and operational control within the HOA structure. The asset represents a compelling value-add opportunity with significant upside potential, allowing an investor to implement a strategic renovation program, enhance operational efficiencies, and reposition rents to capture meaningful revenue growth over time. Constructed in 1963, The O’Linda is a two-story courtyard-style property featuring primarily spacious two-bedroom floor plans. The asset includes assigned gated parking and on-site laundry facilities, offering functional amenities that support tenant retention and operational stability. The property is currently achieving strong in-place rental performance, including competitive Section 8 tenancies, while preserving flexibility to transition units toward market-rate positioning. Sun Valley continues to benefit from strong regional connectivity, with direct access to Interstate 5 and the 170 Freeway, providing convenient access to Burbank, North Hollywood, and major employment anchors such as Warner Bros., The Walt Disney Company, and surrounding production studios. Relative affordability compared to adjacent submarkets further supports durable occupancy fundamentals. The O’Linda presents a rare opportunity to acquire majority control in a supply-cons trained San Fernando Valley submarket, combining stable cash flow with scalable upside and long-term value creation potential.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$199 USD /SF

# OF UNITS

17

PRICE/UNIT

$170,588

CAP RATE

7.56%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The O'Linda

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,764 SF

ZONING

LAR3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Janet NemanKidder MathewsMore Info
310-926-5181

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Janet NemanKidder MathewsMore Info
310-926-5181

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.