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Darby Palace 6653 Darby Ave 31 Unit Apartment Building $8,583,342 CAD ($276,882 CAD/Unit) 5% Cap Rate 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.
- Desirable Unit Mix for Long-Term Demand:19 × 1BR / 11 × 2BR / 1 × 2BR-2BA — highly desirable for renters seeking affordability and functional layouts.
- ~50.23% Rental Upside: In-place rents are materially below market, offering a clear and measurable value-add opportunity.
- Stabilized Occupancy + Market Strength: Near major infrastructure investment, the East San Fernando Valley Light Rail Transit Project (opening ~2031)
EXECUTIVE SUMMARY
6653 Darby Avenue presents a compelling 31-unit multifamily investment opportunity in a high-demand Reseda rental corridor within the San Fernando Valley. The two-story, garden-style asset was built in 1961 and sits on a generous 31,059 SF lot, offering long-term operational stability and scale in a supply-constrained submarket. The property features a highly desirable unit mix of 19 one-bedroom units, 11 two-bedroom/one-bath units, and one two-bedroom/two-bath unit, with unit sizes ranging from approximately 620 to 900 square feet larger than many competing properties in the area. In-place rents remain materially below market, providing investors with approximately 50% rental upside through interior renovations and rent repositioning, driving meaningful NOI and valuation growth. Strategically located near CSUN, major employment centers, retail corridors, and regional transit routes, the asset benefits from strong and durable tenant demand. Future infrastructure investment, including the planned East San Fernando Valley Light Rail Transit Project, is expected to further enhance connectivity and long-term rental growth prospects in this mature Valley submarket. Offered at an attractive basis with both current cash flow and a clear value-add execution path, 6653 Darby Avenue represents an opportunity to acquire scale, upside, and long-term appreciation in one of Los Angeles' most resilient multifamily markets.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $8,583,342 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $276,882 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.71 AC |
| Cap Rate | 5% | Building Size | 22,255 SF |
| Gross Rent Multiplier | 10.92 | Average Occupancy | 100% |
| No. Units | 31 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1.39/1,000 SF |
| Zoning | R3-1, Los Angeles | ||
| Price | $8,583,342 CAD |
| Price Per Unit | $276,882 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 10.92 |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.71 AC |
| Building Size | 22,255 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | R3-1, Los Angeles |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Satellite TV
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 19 | - | 620 - 708 |
| 2+1 | 11 | - | 870 - 987 |
| 2+2 | 1 | - | 900 - 987 |
1 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 2125-015-016 | Improvements Assessment | $3,349,928 CAD |
| Land Assessment | $1,704,794 CAD | Total Assessment | $5,054,722 CAD |
PROPERTY TAXES
Parcel Number
2125-015-016
Land Assessment
$1,704,794 CAD
Improvements Assessment
$3,349,928 CAD
Total Assessment
$5,054,722 CAD
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Darby Palace | 6653 Darby Ave
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