Multifamily
6653 Darby Ave
6653 Darby Ave, Los Angeles, CA 91335
Listing Price: $6,200,000
Cap Rate
5.00%
Number of Units
31
GRM
10.92
Price/Unit
$200,000
Price/Gross SF
$278.59
Gross SF
22,255
Investment Overview
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
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.
- 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.
Exclusively Listed By
Listing Price: $6,200,000
Cap Rate
5.00%
Number of Units
31
GRM
10.92
Price/Unit
$200,000
Price/Gross SF
$278.59
Gross SF
22,255
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.
- 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.
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire 6653 Darby Avenue, a 31-unit investment opportunity located in Reseda, CA 91335.
Exclusively Listed By
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