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6652 Darby Ave
Reseda, CA 91335
Darby Haven Apartments | 5.84% Cap Rate · Multifamily Property For Sale
·
23 Units
Investment Highlights
- Priced below replacement cost offering strong value metrics
- Individually metered for gas and electricity
- Bright units with spacious, efficient floor plans
- Strong in-place income with approximately ±23% rental upside
- RUBS program implemented for select units
- Excellent financing options with attractive leverage and interest rates
Executive Summary
Lucrum Real Estate Group is pleased to present Darby Haven Apartments, a clean and well-maintained, garden-style multifamily investment opportunity built in 1962 and located at 6652 Darby Avenue in the heart of the San Fernando Valley neighborhood of Reseda, California.
This attractive 23-unit apartment community is highlighted by its charming curb appeal and classic mid-century architecture. The property is thoughtfully landscaped and bordered by mature greenery and situated on a quiet, tree-lined residential street.
Darby Haven Apartments appeals to a broad investor audience due to its attractive value metrics, strong in-place income, diverse unit mix, RUBS program, and excellent financing options. The investment further offers approximately ±23% rental upside, presenting meaningful value-add potential for the next investor. The property is well-maintained and offers clear value-add opportunities through strategic renovations and operational enhancements.
The apartment units are bright and spacious, benefiting from generous natural light and spacious floor plans. Interiors offer ample cabinet space, contributing to strong tenant appeal.
Select unit amenities include:
+ Air conditioning & heating
+ Stoves & Microwaves
+ Some renovated units feature vinyl plank flooring and stainless-steel fixtures
Building amenities include:
+ On-site laundry room
+ Gated pool
+ 22 on-site parking spaces
The property is of wood-frame construction with a painted stucco exterior and a pitched composite shingle roof. Darby Haven Apartments encompasses approximately ±18,089 building square feet on a ±22,068 square-foot lot, zoned LAR3.
A soft-story seismic retrofit was completed in 2020, further enhancing the asset’s stability and long-term appeal.
Darby Haven Apartments stands as a true pride-of-ownership asset, offering immediate income with additional upside through strategic interior renovations and further operational enhancements. While the property is already well-maintained, investors can further improve performance through targeted upgrades and continued rental growth.
Offered at $4,985,000, Darby Haven Apartments represents a compelling opportunity to acquire a well-positioned multifamily asset in one of the San Fernando Valley’s most stable and consistently performing submarkets.
Unit Mix
+ (1) Studio + One Bath
+ (12) One-Bedroom + One Bath
+ (6) Two-Bedroom + One Bath
+ (2) Two-Bedroom + Two Bath
+ (2) Three-Bedroom + Two Bath
Darby Haven Apartments is located in Reseda, California, centrally positioned within the San Fernando Valley and bordered by highly desirable submarkets including Encino, Tarzana, Warner Center, Lake Balboa, and Northridge.
The area offers an appealing balance of suburban comfort and urban accessibility. Reseda is a diverse, family-oriented community that continues to attract investors due to its consistent rent growth, low vacancy rates, and high barriers to entry.
The property boasts a Walk Score of 82 (“Very Walkable”), providing tenants convenient access to parks, schools, retail centers, restaurants, public transportation, and employment hubs. Nearby attractions include Reseda Park, a vibrant community and recreation center, as well as Lake Balboa Park, known for its scenic outdoor amenities.
Reseda remains relatively affordable compared to broader Los Angeles submarkets, making it increasingly attractive amid limited new supply and sustained renter demand.
Major commercial corridors such as Reseda Boulevard and Victory Boulevard provide dining, shopping, and entertainment options, while proximity to Northridge and Encino further enhances tenant appeal.
Transportation access is excellent, with close proximity to the Metro G Line (Orange Line) at Reseda Station, multiple bus routes, and easy access to the 101, 405, and 118 freeways, allowing seamless connectivity throughout the region.
Location Highlights
+ Quiet, tree-lined residential street
+ One of the more affordable and desirable San Fernando Valley locations
+ Central access to Topanga Canyon Blvd. and major freeways (101, 405 & 118)
+ Adjacent to Warner Center, Tarzana, Encino, Lake Balboa & Northridge
+ Walk Score of 82 (“Very Walkable”)
+ Minutes to Northridge Fashion Center, Topanga Village & Westfield Topanga
+ Approximately 3 miles to California State University, Northridge (CSUN)
+ Convenient access to Metro G Line at Reseda Station
This attractive 23-unit apartment community is highlighted by its charming curb appeal and classic mid-century architecture. The property is thoughtfully landscaped and bordered by mature greenery and situated on a quiet, tree-lined residential street.
Darby Haven Apartments appeals to a broad investor audience due to its attractive value metrics, strong in-place income, diverse unit mix, RUBS program, and excellent financing options. The investment further offers approximately ±23% rental upside, presenting meaningful value-add potential for the next investor. The property is well-maintained and offers clear value-add opportunities through strategic renovations and operational enhancements.
The apartment units are bright and spacious, benefiting from generous natural light and spacious floor plans. Interiors offer ample cabinet space, contributing to strong tenant appeal.
Select unit amenities include:
+ Air conditioning & heating
+ Stoves & Microwaves
+ Some renovated units feature vinyl plank flooring and stainless-steel fixtures
Building amenities include:
+ On-site laundry room
+ Gated pool
+ 22 on-site parking spaces
The property is of wood-frame construction with a painted stucco exterior and a pitched composite shingle roof. Darby Haven Apartments encompasses approximately ±18,089 building square feet on a ±22,068 square-foot lot, zoned LAR3.
A soft-story seismic retrofit was completed in 2020, further enhancing the asset’s stability and long-term appeal.
Darby Haven Apartments stands as a true pride-of-ownership asset, offering immediate income with additional upside through strategic interior renovations and further operational enhancements. While the property is already well-maintained, investors can further improve performance through targeted upgrades and continued rental growth.
Offered at $4,985,000, Darby Haven Apartments represents a compelling opportunity to acquire a well-positioned multifamily asset in one of the San Fernando Valley’s most stable and consistently performing submarkets.
Unit Mix
+ (1) Studio + One Bath
+ (12) One-Bedroom + One Bath
+ (6) Two-Bedroom + One Bath
+ (2) Two-Bedroom + Two Bath
+ (2) Three-Bedroom + Two Bath
Darby Haven Apartments is located in Reseda, California, centrally positioned within the San Fernando Valley and bordered by highly desirable submarkets including Encino, Tarzana, Warner Center, Lake Balboa, and Northridge.
The area offers an appealing balance of suburban comfort and urban accessibility. Reseda is a diverse, family-oriented community that continues to attract investors due to its consistent rent growth, low vacancy rates, and high barriers to entry.
The property boasts a Walk Score of 82 (“Very Walkable”), providing tenants convenient access to parks, schools, retail centers, restaurants, public transportation, and employment hubs. Nearby attractions include Reseda Park, a vibrant community and recreation center, as well as Lake Balboa Park, known for its scenic outdoor amenities.
Reseda remains relatively affordable compared to broader Los Angeles submarkets, making it increasingly attractive amid limited new supply and sustained renter demand.
Major commercial corridors such as Reseda Boulevard and Victory Boulevard provide dining, shopping, and entertainment options, while proximity to Northridge and Encino further enhances tenant appeal.
Transportation access is excellent, with close proximity to the Metro G Line (Orange Line) at Reseda Station, multiple bus routes, and easy access to the 101, 405, and 118 freeways, allowing seamless connectivity throughout the region.
Location Highlights
+ Quiet, tree-lined residential street
+ One of the more affordable and desirable San Fernando Valley locations
+ Central access to Topanga Canyon Blvd. and major freeways (101, 405 & 118)
+ Adjacent to Warner Center, Tarzana, Encino, Lake Balboa & Northridge
+ Walk Score of 82 (“Very Walkable”)
+ Minutes to Northridge Fashion Center, Topanga Village & Westfield Topanga
+ Approximately 3 miles to California State University, Northridge (CSUN)
+ Convenient access to Metro G Line at Reseda Station
Property Facts
| Price Per Unit | $216,739 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.51 AC |
| Cap Rate | 5.84% | Building Size | 18,089 SF |
| Gross Rent Multiplier | 10.01 | Average Occupancy | 100% |
| No. Units | 23 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.22/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LAR3 | ||
| Price Per Unit | $216,739 |
| Sale Type | Investment |
| Cap Rate | 5.84% |
| Gross Rent Multiplier | 10.01 |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 18,089 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,451 | - |
| 1+1 | 12 | $1,549 | - |
| 2+1 | 6 | $1,664 | - |
| 2+2 | 2 | $2,120 | - |
| 3+2 | 2 | $2,615 | - |
Property Taxes
| Parcel Number | 2125-017-007 | Improvements Assessment | $1,037,796 |
| Land Assessment | $691,368 | Total Assessment | $1,729,164 |
Property Taxes
Parcel Number
2125-017-007
Land Assessment
$691,368
Improvements Assessment
$1,037,796
Total Assessment
$1,729,164
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