6626 Darby AVE new Save Request In-Person Tour Request Virtual Tour
Reseda,CA 91335
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,891 sqft
Price per Sqft $321
MLS Listing ID 25610193
Bedrooms 10
Year Built 1963
Lot Size 6,185 Sqft
Property Description
We are excited to present 6626 Darby Avenue, a compelling 9-unit multifamily investment opportunity located in the heart of Reseda. Built in 1963, the property includes 9 units and delivers strong in-place cash flow with a current cap rate of 6.0%, and a price per unit of $210k. With 40% rental upside, investors can achieve a projected cap rate of 9.2% through rent repositioning. Spanning 5,891 square feet, the building features a favorable unit mix, with nearly half of the apartments being two-bedroom units, making it well-suited for long-term tenant retention. The property has undergone key capital improvements, including a completed seismic retrofit, helping reduce future capital expenditure exposure. Strategically located in one of the San Fernando Valley's most active rental markets, 6626 Darby offers tenants easy access to public transportation, the 101 Freeway, schools, retail, and daily amenities. This is a rare opportunity to acquire a true value-add asset with substantial rental upside in a highly desirable rental corridor.
Location
State CA
County Los Angeles
Area Res - Reseda
Zoning LAR3
Interior
Heating Wall Furnace
Exterior
Parking Features Gated
Building
Story 2
New Construction No
Others
Special Listing Condition Standard