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6632 Darby Ave
Reseda, CA 91335
Villa Roma · Multifamily Property For Sale
·
19 Units
INVESTMENT HIGHLIGHTS
- Prime San Fernando Valley Location
- Attractive Basis + Strong Fundamentals
- Strong Additional Income Stream - The property generates approx. $21,000 annually in ancillary income
- ~52.43% Rental Upside
- Desirable Unit Mix - strong configuration of (11) 1BD/1BA units, (7) 2BD/2BA units, and (1) 3BD/2BA unit
- Stabilized Occupancy + Market Strength
EXECUTIVE SUMMARY
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 25–28% 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.
PROPERTY FACTS
| Price Per Unit | $205,263 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.42 AC |
| Cap Rate | 5.48% | Building Size | 15,751 SF |
| Gross Rent Multiplier | 10.28 | Average Occupancy | 100% |
| No. Units | 19 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.33/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LAR3 | ||
| Price Per Unit | $205,263 |
| Sale Type | Investment |
| Cap Rate | 5.48% |
| Gross Rent Multiplier | 10.28 |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 15,751 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | LAR3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Hardwood Floors
SITE AMENITIES
- Laundry Facilities
- Gated
- Vintage Building
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 11 | $1,440 | 601 - 700 |
| 2+2 | 7 | $1,911 | 987 - 997 |
| 3+2 | 1 | $2,495 | 1,109 |
PROPERTY TAXES
| Parcel Number | 2125-017-009 | Improvements Assessment | $1,397,617 |
| Land Assessment | $599,987 | Total Assessment | $1,997,604 |
PROPERTY TAXES
Parcel Number
2125-017-009
Land Assessment
$599,987
Improvements Assessment
$1,397,617
Total Assessment
$1,997,604
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