6653 Darby Ave — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 91335

Investment Figures

Cap rate
5.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire 6653 Darby Avenue, a 31-unit investment opportunity located in Reseda, CA 91335. Investment Highlights: • Prime San Fernando Valley Location:Positioned in a high-demand Reseda rental corridor near CSUN, medical centers, retail, and major transit, supporting strong leasing velocity and durable rent demand. • ~50.23% Rental Upside: In-place rents are materially below market, offering a clear and measurable value-add opportunity through interior upgrades and rent repositioning to unlock significant NOI. • Desirable Unit Mix for Long-Term Demand:19 × 1BR / 11 × 2BR / 1 × 2BR-2BA — highly desirable for renters seeking affordability and functional layouts. • Larger 2BR units (870–900 SF) offer excellent value for families and long-term tenancy retention. Unit sizes (620–900 SF) exceed many competing properties, providing differentiation and premium rent potential. • Stabilized Occupancy + Market Strength:Strategically located near major infrastructure investment, including the East San Fernando Valley Light Rail Transit Project (opening ~2031), which will enhance regional connectivity and support long-term demand in a mature rental market with historically low vacancy, positioning the asset to outperform over the hold period.

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 5.0% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 102 days. Compare it against other multifamily listings for sale in Los Angeles, CA — view the full market.

As of Q1 2026, the Greater Los Angeles multifamily market showed average asking rents near $2333.00/unit/mo, and cap rates around 5.0%. Source: multiple brokerage reports, Q1 2026.

Its 5.0% asking cap rate is in line with the Greater Los Angeles multifamily market average of about 5.0%.

Multifamily market FAQ

What is the typical cap rate for multifamily in Greater Los Angeles?
About 5.0% as of Q1 2026, per multiple brokerage reports.

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