Multifamily
6632 DARBY AVE
6632 Darby Ave, Los Angeles, CA 91335
Listing Price: $3,900,000
Cap Rate
5.48%
Number of Units
19
GRM
10.28
Price/Unit
$205,263
Price/Gross SF
$247.60
Gross SF
15,751
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire 6632 Darby Avenue, a 19-unit investment opportunity located in Reseda, CA 91335.
6632 DARBY AVE
Investment Highlights
- Positioned in a high-demand Reseda rental corridor near CSUN, medical centers, retail, and major transit, supporting strong leasing velocity and durable rent demand.
- A strong configuration of (11) 1BD/1BA units, (7) 2BD/2BA units, and (1) 3BD/2BA unit, appealing to a broad tenant base and supporting leasing stability and rent premiums.
- The property generates approx. $21,000 annually in ancillary income through RUBS reimbursements, laundry revenue, additional rents, and parking, enhancing cash flow and boosting return.
- ~52.43% 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.
- Attractive Basis + Strong Fundamentals: 6632 Darby Ave sits ~25–28% below the San Fernando Valley average (~$286K/unit as of Q2 2025), below the LA County range (~$272K–$293K/unit), and ~37% under current Reseda ~$391/SF levels — while still offering ~52.43% rental upside.
- 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.
Exclusively Listed By
Listing Price: $3,900,000
Cap Rate
5.48%
Number of Units
19
GRM
10.28
Price/Unit
$205,263
Price/Gross SF
$247.60
Gross SF
15,751
Investment Highlights
- Positioned in a high-demand Reseda rental corridor near CSUN, medical centers, retail, and major transit, supporting strong leasing velocity and durable rent demand.
- A strong configuration of (11) 1BD/1BA units, (7) 2BD/2BA units, and (1) 3BD/2BA unit, appealing to a broad tenant base and supporting leasing stability and rent premiums.
- The property generates approx. $21,000 annually in ancillary income through RUBS reimbursements, laundry revenue, additional rents, and parking, enhancing cash flow and boosting return.
- ~52.43% 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.
- Attractive Basis + Strong Fundamentals: 6632 Darby Ave sits ~25–28% below the San Fernando Valley average (~$286K/unit as of Q2 2025), below the LA County range (~$272K–$293K/unit), and ~37% under current Reseda ~$391/SF levels — while still offering ~52.43% rental upside.
- 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.
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire 6632 Darby Avenue, a 19-unit investment opportunity located in Reseda, CA 91335.
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
