Multi-Family for sale in Southern California — $3,750,000. 28 beds · 27 baths · 15,751 sqft. 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 co…
$3,750,000
6632 Darby Avenue, Reseda, CA 91335
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.
Listing updated: April 1, 2026 at 10:09 AM
Listed by: Tony Azzi, Tony Azzi
Source: CRMLS, MLS#: 26633123, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
2/20/2026 Source: CRMLS, #26633123 | Price change | $3,750,000$238/sqft-3.8% |
| 12/16/2025Source: CRMLS, #26633123 | Listed for sale | $3,900,000$248/sqft |
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