6626 Darby Ave - Apartments FOR SALE


Reseda, CA 91335
$1,895,000 USD
310-666-2246
6626 Darby Ave, Reseda, CA for Sale
$1,895,000 USD
Apartments - FOR SALE
1/26
null | 6% Cap Rate

6626 Darby Ave
Reseda, CA 91335


HIGHLIGHTS

  • 9-Unit Value-Add Opportunity in Prime Reseda
  • Strong In-Place 6.0% Cap Rate with Pro Forma Potential Up to 9.2%
  • 40% Rental Upside with nearly half the units being 2-Bedrooms
  • Seismic Retrofit Completed; Located Near Transit, Freeways, Schools & Shopping

OVERVIEW

We are excited to present 6626 Darby Avenue, a compelling 9-unit multifamily investment opportunity located in the heart of Reseda. Built in 1963, the property includes 9 units and delivers strong in-place cash flow with a current cap rate of 6.0%, and a price per unit of $210k. With 40% rental upside, investors can achieve a projected cap rate of 9.2% through rent repositioning. Spanning 5,891 square feet, the building features a favorable unit mix, with nearly half of the apartments being two-bedroom units, making it well-suited for long-term tenant retention. The property has undergone key capital improvements, including a completed seismic retrofit, helping reduce future capital expenditure exposure. Strategically located in one of the San Fernando Valley’s most active rental markets, 6626 Darby offers tenants easy access to public transportation, the 101 Freeway, schools, retail, and daily amenities. This is a rare opportunity to acquire a true value-add asset with substantial rental upside in a highly desirable rental corridor.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$361 USD /SF

# OF UNITS

9

PRICE/UNIT

$210,556

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9-Unit Value-Add Opportunity in Prime Reseda

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,159 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

2125-017-010

ASK ABOUT THIS PROPERTY

Armin SoleimaniGlobal Platinum PropertiesMore Info
310-666-2246

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Armin SoleimaniGlobal Platinum PropertiesMore Info
310-666-2246

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