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$ 3,600,000
$ 3,750,000 4.0%
Est. payment | /mo
28 Beds
27 Baths
15,751 SqFt
$ 3,600,000
$ 3,750,000 4.0%
Est. payment | /mo
28 Beds
27 Baths
15,751 SqFt
Key Details
Sold Price $3,600,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 15,751 sqft
Price per Sqft $228
MLS Listing ID 26633123
Sold Date 08/11/26
Bedrooms 28
HOA Y/N No
Year Built 1963
Lot Size 0.422 Acres
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
Area Res - Reseda
Zoning LAR3
Interior
Fireplace No
Exterior
Parking Features Covered, Driveway, Private, Uncovered
Total Parking Spaces 21
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2125017009
Special Listing Condition Standard
Listed by Tony Azzi Tony Azzi #00910513
Bought with Raymond Rodriguez Equity Union
Bought with Raymond Rodriguez Equity Union
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