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6632 Darby Avenue, Reseda, CA 91335

$3,750,000 Approx. USD 28 beds, 27 baths
15,751 sqft

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Tony Azzi | tazzi@theazzigroup.com
Lic#: 00910513
Broker: Courtesy of Tony Azzi
Phone: 310-909-5454

Agent Remarks

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 Details

Property type: (Multi-Family)

Status: Active Under Contract

MLS# 26633123

List price is $3,750,000 Reduced by $150,000 on 2/20/2026

Price: $3,750,000

Beds: 28

Baths: 27

Built in 1963

15,751 sqft

2 stories

0.42 acres

Lot size: 0.4222

County: Los Angeles

Zoning: LAR3

Parking description: Covered,Driveway,Private,Uncovered

MLS area: RES - Reseda

Last Updated: 4/1/2026

Days On Market (DOM): 106

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This listing belongs to the RES - Reseda MLS area

Lat/Long: 34.191238, -118.532979.
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