Overview
Reseda Multifamily Investment Opportunity
Darby Court Apartments, built in 1963, is located at 6640 Darby Avenue in Reseda, California. This 18-unit apartment community has mid-century character and curb appeal. The property is landscaped and situated on a tree-lined residential street. The units are bright and spacious, with ample cabinet and closet space. Select units have air conditioning and heating, dishwashers, stoves, and microwaves, with renovated units featuring vinyl plank flooring and stainless-steel fixtures. Building amenities include an on-site laundry room, a gated pool and lounge area, and a remote-controlled gated entrance. There are 19 covered parking spaces, comprised of tuck-under and carport parking. The property is of wood-frame construction with a painted stucco exterior and a pitched composite shingle roof. Darby Court Apartments encompasses approximately 16,282 square feet on an 18,388 square-foot lot zoned LAR3. A soft-story seismic retrofit was completed in 2020. The unit mix includes seven one-bedroom, one-bath units, eight two-bedroom, two-bath units, and three three-bedroom, two-bath units. The property is centrally positioned within the San Fernando Valley and bordered by Encino, Tarzana, Warner Center, Lake Balboa, and Northridge. The area offers suburban comfort and urban accessibility. The property has a Walk Score of 82, providing tenants access to parks, schools, retail centers, restaurants, public transportation, and employment hubs. Nearby attractions include Reseda Park and Lake Balboa Park. Transportation access is excellent, with proximity to the Metro G Line (Orange Line) at Reseda Station, multiple bus routes, and access to the 101, 405, and 118 freeways.
