8649 Sunland Boulevard 5, Sun Valley, California 91352, Sun Valley, 91352 - 2 bed, 1 bath
ACTIVE$294,000
8649 Sunland Boulevard 5, Sun Valley, California 91352
2Beds
1Bath
897Sqft
24,771Lot
Year Built
1963
Close
-
List price
$294K
Original List price
$299K
Price/Sqft
$328
HOA
$308
Days on market
-
Sold On
-
MLS number
24438721
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $294.0K(33th), sqft - 897(67th), beds - 2(50th), baths - 1(50th).
** This Wednesday 10-8-25 we will have viewings from 1-3pm BY APPOINTMENT ONLY. YOU MUST CALL AND SCHEDULE A TIME TO SEE THE UNIT. Looking for the perfect investment or a sweet spot to call home? This prime 2-bed, 1-bath condo in the heart of the San Fernando Valley is just what you need! Whether you're an end-user or an investor looking to beef up your portfolio, this gem delivers with a solid 5.12% CAP rate. The first-floor unit features updated flooring, newer appliances, and unbeatable access to the 5 freeway, putting entertainment, dining, and shopping at your fingertips. It's part of a co-op, so be sure to ask about financing options. The current tenant, paying $2,150/month ($25,800 annually), is happy to stay but open to moving with proper notice. Don't miss out on this income-generating opportunity!
Nearby schools
5/10
Roscoe Elementary School
Public,•K-5•0.8mi
4/10
Glenwood Elementary School
Public,•K-5•0.9mi
4/10
Vinedale Elementary School
Public,•K-5•0.9mi
2/10
Arminta Street Elementary School
Public,•K-5•1.2mi
5/10
Stonehurst Avenue Elementary School
Public,•K-5•1.5mi
3/10
Fernangeles Elementary School
Public,•K-5•1.6mi
4/10
Camellia Avenue Elementary School
Public,•K-5•1.8mi
2/10
Julie Korenstein Elementary School
Public,•K-5 & ungraded•2.0mi
3/10
Julie Korenstein Elementary School
Public,•K-5•2.0mi
5/10
Strathern Street Elementary School
Public,•K-5•2.1mi
8/10
Providencia Elementary School
Public,•K-5•2.9mi
5/10
Bellingham Elementary School
Public,•K-5•3.0mi
3/10
Saticoy Elementary School
Public,•K-5•3.0mi
8/10
Vena Avenue Elementary School
Public,•K-5•3.2mi
5/10
Coldwater Canyon Elementary School
Public,•K-5•3.5mi
4/10
Canterbury Avenue Elementary School
Public,•K-5•3.6mi
6/10
Canterbury Avenue Elementary School
Public,•K-5•3.6mi
5/10
Ranchito Avenue Elementary School
Public,•K-5•4.0mi
5/10
Hazeltine Avenue Elementary School
Public,•K-5•4.6mi
4/10
Richard E. Byrd Middle School
Public,•6-8•2.3mi
4/10
Roy Romer Middle School
Public,•6-8•3.2mi
6/10
Luther Burbank Middle School
Public,•6-8•3.3mi
5/10
James Madison Middle School
Public,•6-8•3.5mi
5/10
Sun Valley Engineering And Technology Magnet
Public,•6-12•1.8mi
3/10
Sun Valley High School
Public,•9-12•1.8mi
6/10
John H. Francis Polytechnic
Public,•9-12•2.2mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,•7-12•3.5mi
3/10
East Valley Senior High School
Public,•9-12•3.9mi
8/10
Burbank High School
Public,•9-12•3.9mi
8/10
North Hollywood Senior High School
Public,•9-12•4.4mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•4.5mi
6/10
Van Nuys Senior High School
Public,•9-12•5.7mi
Price History
Date
Event
Price
09/04/25
Price Change
$294,000
09/12/24
Listing
$299,000
Condition Rating
Fair
The property was built in 1963, making it over 60 years old. While the description mentions 'updated flooring' and 'newer appliances,' and the images show modern laminate flooring and a clean, updated bathroom vanity/toilet, there are still signs of its age. The living room features a popcorn ceiling, and the light fixtures are basic flush mounts. The exterior of the complex appears well-maintained but clearly dates back to an older construction period. The updates seem to be cosmetic and functional, making the unit move-in ready, but not extensive enough to qualify as 'Good' for a property of this age. It fits the 'Fair' criteria of being aged but maintained through regular upkeep and occasional updates, with major components functional but showing signs of being outdated.
Pros & Cons
Pros
Strong Investment Potential: The property boasts a solid 5.12% CAP rate and is explicitly marketed as an income-generating opportunity, appealing to investors.
Excellent Location & Accessibility: Situated in the heart of the San Fernando Valley with unbeatable access to the 5 freeway, providing convenient reach to entertainment, dining, and shopping.
Recent Interior Upgrades: The unit features updated flooring and newer appliances, reducing immediate renovation needs for a buyer.
Tenant-Occupied with Flexibility: Currently tenant-occupied, providing immediate rental income, with the tenant open to moving, offering options for both investors and owner-occupants.
Accessible Price Point: Listed at $294,000, this 2-bedroom unit offers a relatively affordable entry into the competitive San Fernando Valley real estate market.
Cons
Co-op Ownership Structure: The co-op nature of the property can lead to more complex financing options, stricter board approval processes, and potentially more restrictive rules compared to traditional condominiums.
Older Building Age: Built in 1963, the building is over 60 years old, which may imply potential for higher maintenance costs, aging infrastructure, and less modern common areas.
Compact Size & Limited Features: At 897 sqft, the unit is relatively compact for a 2-bedroom, and the listing explicitly states 'view: None', indicating a lack of desirable external vistas or significant building amenities.