6653 Darby Ave - Apartments FOR SALE


Reseda, CA 91335
$6,200,000 USD
6653 Darby Ave, Reseda, CA for Sale
$6,200,000 USD
Apartments - FOR SALE
1/31
null | 5% Cap Rate

6653 Darby Ave
Reseda, CA 91335


HIGHLIGHTS

  • Prime San Fernando Valley Location:Positioned in a high-demand Reseda rental corridor near CSUN, medical centers, retail, and major transit.
  • ~50.23% Rental Upside: In-place rents are materially below market, offering a clear and measurable value-add opportunity.
  • Desirable Unit Mix for Long-Term Demand:19 × 1BR / 11 × 2BR / 1 × 2BR-2BA — highly desirable for renters seeking affordability and functional layouts.
  • Stabilized Occupancy + Market Strength: Near major infrastructure investment, the East San Fernando Valley Light Rail Transit Project (opening ~2031)

OVERVIEW

6653 Darby Avenue presents a compelling 31-unit multifamily investment opportunity in a high-demand Reseda rental corridor within the San Fernando Valley. The two-story, garden-style asset was built in 1961 and sits on a generous 31,059 SF lot, offering long-term operational stability and scale in a supply-constrained submarket. The property features a highly desirable unit mix of 19 one-bedroom units, 11 two-bedroom/one-bath units, and one two-bedroom/two-bath unit, with unit sizes ranging from approximately 620 to 900 square feet larger than many competing properties in the area. In-place rents remain materially below market, providing investors with approximately 50% rental upside through interior renovations and rent repositioning, driving meaningful NOI and valuation growth. Strategically located near CSUN, major employment centers, retail corridors, and regional transit routes, the asset benefits from strong and durable tenant demand. Future infrastructure investment, including the planned East San Fernando Valley Light Rail Transit Project, is expected to further enhance connectivity and long-term rental growth prospects in this mature Valley submarket. Offered at an attractive basis with both current cash flow and a clear value-add execution path, 6653 Darby Avenue represents an opportunity to acquire scale, upside, and long-term appreciation in one of Los Angeles' most resilient multifamily markets.

FOR SALE DETAILS

PRICE

$6,200,000 USD

PRICE/SF

$279 USD /SF

# OF UNITS

31

PRICE/UNIT

$200,000

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Darby Palace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

31,058 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

2125-015-016

ASK ABOUT THIS PROPERTY

Tony AzziMarcus & MillichapMore Info

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Tony AzziMarcus & MillichapMore Info

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