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6640 Darby Ave
Reseda, CA 91335
The Lorraine Apartments · Multifamily Property For Sale
·
41 Units
PROPERTY FACTS
| No. Units | 41 | Building Size | 34,371 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 0.52/1,000 SF |
| Lot Size | 0.41 AC | ||
| Zoning | LAR3 | ||
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 34,371 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 0.52/1,000 SF |
| Zoning | LAR3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Hardwood Floors
- Range
SITE AMENITIES
- Laundry Facilities
- Gated
- Media Center/Movie Theatre
ABOUT 6640 DARBY AVE , RESEDA, CA 91335
Pleased to present the opportunity to acquire 6640-6652 Darby Avenue, a 41-unit multifamily community located in the San Fernando Valley neighborhood of Reseda, just two miles north of the famous Ventura Boulevard. The property features 34,371 square feet of gross rentable area, situated on a large 40,455-square foot lot. Built in 1962 and 1963, 6640-6652 Darby Avenue is a 41-unit apartment community composed of one single/one-bathroom unit, 19 one-bedroom/one-bathroom units, seven two-bedroom/one-bathroom units, nine two-bedroom/two-bathroom units and five three-bedroom/two-bathroom units. The property offers residents a fantastic swimming pool, courtyard, on-site laundry facilities, controlled building access and ample gated parking for tenants. The submarket of Reseda, with a population of 75,565, is among the lowest in apartment vacancy rates in all of Los Angeles County. In addition to its proximity to large employment centers in the San Fernando Valley, 6640-6652 Darby Avenue is close to California State University Northridge, numerous public elementary schools, high schools and private schools. 6640-6652 Darby Avenue offers an ideal demographic profile for a multifamily residence operator. This buying opportunity offers the rare ability to buy a mid-size, community with a true value-add component. Given the market’s ongoing and future growth, 6640-6652 Darby Avenue should be a top performing asset in any investor’s portfolio.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $949.00 | - |
| 1+1 | 19 | $1,194 | - |
| 2+1 | 7 | $1,323 | - |
| 2+2 | 9 | $1,399 | - |
| 3+2 | 5 | $1,755 | - |
PROPERTY TAXES
| Parcel Number | 2125-017-008 | Improvements Assessment | $1,064,535 |
| Land Assessment | $443,181 | Total Assessment | $1,507,716 |
PROPERTY TAXES
