6640 Darby Avenue $3,640,000

Darby Court Apartments is a garden-style multifamily property built in 1963 and located at 6640 Darby Avenue in the Reseda neighborhood of the San Fernando Valley.The property consists of 18 apartment units situated on a quiet, tree-lined residential street. The site includes landscaped common areas and exterior improvements consistent with mid-century multifamily construction.The property includes a diverse unit mix, a RUBS program, and in-place rental income. Additional income potential may exist through interior improvements and ongoing management, subject to local regulations.Units feature functional layouts with natural light and ample cabinet and closet space. Select units have received interior updates.Select unit features include:+ Air conditioning and heating+ Dishwashers, stoves, and microwaves+ Select renovated units with vinyl plank flooring and updated fixturesProperty amenities include:+ On-site laundry room+ Pool and common area+ Controlled-access entry system+ 19 covered parking spaces consisting of tuck-under and carport parkingThe 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 of building area on a ±18,388 square-foot lot, zoned LAR3.A soft-story seismic retrofit was completed in 2020 (buyer to verify).Darby Court Apartments is located in the Reseda neighborhood of the San Fernando Valley, with proximity to surrounding areas including Encino, Tarzana, Warner Center, Lake Balboa, and Northridge.The surrounding area includes residential neighborhoods, retail corridors, and public amenities. Nearby parks include Reseda Park and Lake Balboa Park, which offer recreational and open-space amenities.

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