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RYAN STEELE

ryan.steele@lptrealty.com +1(818) 900-1859

$ 6,200,000

Est. payment | -/mo

43 Beds

32 Baths

22,255 SqFt

Save

$ 6,200,000

Est. payment | -/mo

Save

43 Beds

32 Baths

22,255 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 22,255 sqft

Price per Sqft $278

MLS Listing ID 26641461

Bedrooms 43

Year Built 1961

Lot Size 0.713 Acres

Acres 0.7132

Property Sub-Type Multi-Family

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 Reseda

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Attached, Driveway, Tandem

Garage Spaces 21.0

Building

Lot Description Fenced

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Tony Azzi

Schools and Properties Nearby

6653 Darby Ave Reseda, CA 91335