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6626 Darby Ave
For Sale $1,895,000 ($321.68 per Sq Ft)
$1,895,000 ($321.68 per Sq Ft)
- 9 Units
- 5,891 Sq Ft
- 6,184 Sq Ft
- Unknown Cap Rate
Description
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,895,000 |
| Property Type | Multi-Family |
| Usable Sqft | 5,891 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1963 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2125017010 |
| MLS # | 25610193 |
| Property ID | 292597879 |
| Lot Sqft | 6,184 |
| Zoning | LAR3 |
| Total Units | 9 |
| Days on Market | 62 |
| Original List Price | $1,895,000 |
| Date Updated | November 04, 2025 |
| Date Created | October 27, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.00 | $2,595 | $2,595 |
| Unit #2 | 1 | 1.00 | $1,995 | $1,995 |
| Unit #3 | 0 | 1.00 | $1,595 | $1,595 |
| Unit #4 | 1 | 1.00 | $1,995 | $1,995 |
| Unit #5 | 1 | 1.00 | $1,595 | $1,595 |
| Unit #6 | 2 | 1.00 | $2,595 | $2,595 |
| Unit #7 | 2 | 1.00 | $2,595 | $2,595 |
| Unit #8 | 2 | 1.00 | $2,595 | $2,595 |
| Unit #9 | 0 | 1.00 | $1,595 | $1,595 |
| Gross Income (Yr) | $ 159,826 |
| Operating Expenses | $ 46,764 |
| Net Income (Yr) | $ 113,062 |
| Cap Rate | 6.00% |
Listing Provided By
Armin Soleimani an agent of Global Platinum Properties, Inc.. Lic #01846872
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Robert Crawford
REAL ESTATE AGENT