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$ 3,750,000
Est. payment | /mo
15,751 SqFt
$ 3,750,000
Est. payment | /mo
15,751 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 15,751 sqft
Price per Sqft $238
MLS Listing ID CL26633123
HOA Y/N No
Year Built 1963
Lot Size 0.422 Acres
Acres 0.42
Property Sub-Type Other
Property Description
6632 Darby Ave is a 19-unit multifamily investment in a high-demand Reseda corridor of the San Fernando Valley, benefiting from proximity to CSUN, medical centers, retail, and major transit that supports strong and consistent rental demand. The property offers a clear value-add opportunity with approximately 52.43% rental upside, driven by below-market in-place rents and the ability to execute interior upgrades and rent repositioning to meaningfully grow NOI. The asset is offered at an attractive basis, sitting roughly 2528% below San Fernando Valley averages, below LA County pricing, and approximately 37% under current Reseda $/SF levels, providing downside protection with significant upside. A balanced unit mix of 1-, 2-, and 3-bedroom units supports stable occupancy, while ~$21,000 annually in ancillary income from RUBS, laundry, parking, and additional rents enhances cash flow. With stabilized occupancy and long-term growth catalysts such as the planned East San Fernando Valley Light Rail Transit Project, the property is well positioned to outperform over the hold period.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 2125017009
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Listed by Tony Azzi • Tony Azzi
NEARBY SCHOOLS & PROPERTIES
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