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9-Unit Value-Add Opportunity in Reseda 6% Cap 6626 Darby Ave 9 Unit Apartment Building $1,895,000 ($210,556/Unit) 6% Cap Rate Reseda, CA 91335
INVESTMENT HIGHLIGHTS
- 9-Unit Value-Add Opportunity in Prime Reseda
- 40% Rental Upside with nearly half the units being 2-Bedrooms
- Strong In-Place 6.0% Cap Rate with Pro Forma Potential Up to 9.2%
- Seismic Retrofit Completed; Located Near Transit, Freeways, Schools & Shopping
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $1,895,000 | Apartment Style | Low-Rise |
| Price Per Unit | $210,556 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6% | Building Size | 5,891 SF |
| Gross Rent Multiplier | 11.5 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.19/1,000 SF |
| Zoning | R3-1, Los Angeles - restricted Density Multiple Dwelling | ||
| Price | $1,895,000 |
| Price Per Unit | $210,556 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 11.5 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,891 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.19/1,000 SF |
| Zoning | R3-1, Los Angeles - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Range
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 2 | - | - |
| 2+1 | 4 | - | 850 |
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 2125-017-010 | Improvements Assessment | $788,103 |
| Land Assessment | $520,200 | Total Assessment | $1,308,303 |
PROPERTY TAXES
Parcel Number
2125-017-010
Land Assessment
$520,200
Improvements Assessment
$788,103
Total Assessment
$1,308,303
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9-Unit Value-Add Opportunity in Reseda 6% Cap | 6626 Darby Ave
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