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6653 Darby Avenue, Reseda, CA 91335
Priced at Only: $6,200,000
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Address: 6653 Darby Avenue, Reseda, CA 91335
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  • MLS#: 26641461 ( )
  • Street Address: 6653 Darby Avenue
  • Viewed: 1
  • Price: $6,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1961
  • Bldg sqft: 0
  • Days On Market: 62
  • Additional Information
  • County: LOS ANGELES
  • City: Reseda
  • Zipcode: 91335
  • Provided by: Tony Azzi
  • Contact: Tony Tony
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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.
Features
Building Area Total
  1. 22255.00
Country
  1. US
Levels
  1. Two
Netoperatingincome
  1. 309713.00
Parcel Number
  1. 2125015016
Parking Features
  1. Driveway
  2. Tandem Garage
Security Features
  1. Gated Community
Sourcesystemkey
  1. 26641461:CLAW
Totalexpenses
  1. 235832.00
Vacancyallowance
  1. 28397
Year Built
  1. 1961
Zoning
  1. LAR3
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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