6632 Darby Ave, Reseda, CA 91335
- $3,750,000
- 28
- BD
- 27
- BA
- 15,751
- SqFt
- List Price
- $3,750,000
- Price Change
- ▼ $150,000 1771639152
- MLS#
- 26633123
- Status
- ACTIVE UNDER CONTRACT
- Type
- Multifamily
- Bedrooms
- 28
- Bathrooms
- 27
- Living Area
- 15,751
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.
Additional Information
- Year Built
- 1963
- Garage
- Attached, Covered Parking, Uncovered, Driveway, Private
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Courtesy of Tony Azzi, Tony Azzi.
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