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$ 6,200,000
Est. payment | /mo
43 Beds
32 Baths
22,255 SqFt
$ 6,200,000
Est. payment | /mo
43 Beds
32 Baths
22,255 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 22,255 sqft
Price per Sqft $278
MLS Listing ID 26641461
Bedrooms 43
HOA Y/N No
Year Built 1961
Lot Size 0.713 Acres
Property 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.
Location
State CA
County Los Angeles
Area Res - Reseda
Zoning LAR3
Interior
Fireplace No
Exterior
Parking Features Driveway, Garage, Tandem
Community Features Gated
Total Parking Spaces 21
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2125015016
Security Features Gated Community
Special Listing Condition Standard
Listed by Tony Azzi Tony Azzi #00910513
NEARBY SCHOOL & BUSINESS
22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA
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