6632 Darby Ave, Reseda, CA 91335
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6632 Darby Ave, Reseda, CA 91335
6632 Darby Ave, Reseda, CA 91335
6632 Darby Ave, Reseda, CA 91335
6632 Darby Ave, Reseda, CA 91335
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$ 3,750,000
Est. payment /mo
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Active Under Contract

6632 Darby Ave Reseda, CA 91335

28 Beds

27 Baths

15,751 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 15,751 sqft

Price per Sqft $238

MLS Listing ID 26633123

Bedrooms 28

Year Built 1963

Lot Size 0.422 Acres

Acres 0.4223

Property Sub-Type Multi-Family

Property Description

6632 Darby Ave is a 19-unit multifamily investment in a high-demand Reseda corridor of the San Fernando Valley, benefiting from proximity to CSUN, medical centers, retail, and major transit that supports strong and consistent rental demand. The property offers a clear value-add opportunity with approximately 52.43% rental upside, driven by below-market in-place rents and the ability to execute interior upgrades and rent repositioning to meaningfully grow NOI. The asset is offered at an attractive basis, sitting roughly 2528% below San Fernando Valley averages, below LA County pricing, and approximately 37% under current Reseda $/SF levels, providing downside protection with significant upside. A balanced unit mix of 1-, 2-, and 3-bedroom units supports stable occupancy, while ~$21,000 annually in ancillary income from RUBS, laundry, parking, and additional rents enhances cash flow. With stabilized occupancy and long-term growth catalysts such as the planned East San Fernando Valley Light Rail Transit Project, the property is well positioned to outperform over the hold period.

Location

State CA

County Los Angeles

Area Reseda

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Attached, Covered Parking, Uncovered, Driveway, Private

Garage Spaces 21.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Tony Azzi
George Salazar

George Salazar

Agent | License ID: 00884017

+1(310) 400-6756

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6632 Darby Ave