Listed by Marcus & Millichap - Los Angeles
$6,200,000
6653 Darby Ave
Details
APN 2125-015-016
Property Type Multifamily
Sub Type Apartment Building
Square Footage 22,255
Units 31
Cap Rate 5.00%
NOI $309,713
Pro-Forma NOI $565,185
Price per SqFt $279
Year Built 1961
Buildings 1
Stories 2
Lot Size (SqFt) 31,059
Zoning LAR3
Ownership Fee Simple
Multifamily | 31 Units | $200,000/unit
Marketing description
The Azzi Group of Marcus & Millichap is pleased to present the opportunity to acquire 6653 Darby Avenue, a 31-unit investment opportunity located in Reseda, CA 91335.
6653 Darby Ave is located in the Reseda neighborhood of the San Fernando Valley area in Los Angeles, California. Reseda is known for its suburban feel,
diverse community, and easy access to shopping, parks, and schools. The neighborhood is also close to major thoroughfares like the 101 and 405 freeways,
making commuting throughout the valley and greater Los Angeles area convenient.
Investment highlights
- Prime San Fernando Valley Location: Positioned in a high-demand Reseda rental corridor near CSUN, medical centers, retail, and major transit, supporting strong leasing velocity and durable rent demand.
- ~50.23% Rental Upside: In-place rents are materially below market, offering a clear and measurable value-add opportunity through interior upgrades and rent repositioning to unlock significant NOI and valuation growth.
- Desirable Unit Mix for Long‑Term Demand:19 × 1BR / 11 × 2BR / 1 × 2BR‑2BA — highly desirable for renters seeking affordability and functional layouts. Larger 2BR units (870–900 SF) offer excellent value for families and long‑term tenancy retention. Unit sizes (620–900 SF) exceed many competing properties, providing differentiation and premium rent potential
- Stabilized Occupancy + Market Strength: Strategically located near major infrastructure investment, including the East San Fernando Valley Light Rail Transit Project (opening ~2031), which will enhance regional connectivity and support long-term demand in a mature rental market with historically low vacancy, positioning the asset to outperform over the hold period.
Listing Contacts
Listed by Marcus & Millichap - Los Angeles
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$309,713.00
$25,809.42/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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