Northridge, CA 91325,9301 Darby AVE
Northridge, CA 91325,9301 Darby AVE
Northridge, CA 91325,9301 Darby AVE
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$7,775,000
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0.65 Acres Lot
Price Dropped by $624K

9301 Darby AVE Northridge, CA 91325

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Kary Manering

Kary Manering

+1(619) 213-2878

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25559201

HOA Y/N No

Year Built 1971

Tax Year 2024

Lot Size 0.655 Acres

Property Description

Presenting Darby Gardens: An Exceptional Value-Add Opportunity in Northridge. We are pleased to present Darby Gardens, a compelling opportunity to acquire a 34-unit value-add multifamily complex located at 9301 Darby Avenue in Northridge, California. This property boasts an unrivaled location directly across from California State University, Northridge (CSUN), positioning it as an ideal asset for portfolio expansion. Constructed in 1971, the two-story building sits on a substantial 28,517 square foot lot and features an expansive interior courtyard, dedicated parking for each unit, and convenient on-site laundry facilities. The desirable unit mix includes 7 two-bedroom/two-bathroom units and 27 one-bedroom/one-bathroom units. Untapped Potential and Strategic Location. Recent property enhancements include electrical subpanel upgrades and the installation of newer appliances in some units. However, with the majority of units in classic or moderately renovated condition, there is significant potential for investors to implement strategic upgrades and realize substantial rental upside. The current ownership's conservative rental strategy, which included maintaining below-market rents and offering month-to-month leases after initial year-long terms, presents a clear path to increased revenue through market-rate adjustments and unit renovations. Beyond its immediate proximity to CSUN, Darby Gardens offers excellent access to a wealth of local amenities. It is a mere five-minute drive from the Northridge Fashion Center, and is also conveniently located near The Valley Performing Arts Center, Matador Bowl, and a diverse array of cafes and dining establishments. This A+ location is so highly desirable that the property has consistently achieved full occupancy solely through its on-site signage. With its strong intrinsic value, significant untapped rental upside, and exceptional location steps from CSUN, Darby Gardens represents an outstanding investment opportunity in one of the San Fernando Valley's most robust rental markets.

Location

State CA

County Los Angeles

Area Nr - Northridge

Zoning LAR3

Interior

Fireplace No

Laundry Common Area

Exterior

Community Features Gated

Building

Story 2

Water Public

Others

Tax ID 2764011025

Security Features Gated Community

Special Listing Condition Standard

CRMLS – RECore
Listed by Kevin Driscoll Coldwell Banker Realty

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Darby Avenue Charter Elementary

    Public | KG - 5

  • 10

    Balboa Gifted/High Ability Magnet Elementary School

    Public | 1 - 5

  • 9

    Superior Street Elementary

    Public | KG - 5

  • 9

    Beckford Charter for Enriched Studies

    Public | KG - 5

  • 8

    Our Community Charter

    Public | KG - 8

  • 8

    Topeka Charter School for Advanced Studies

    Public | KG - 5

  • 8

    Stagg Street Elementary

    Public | PK - 5

  • 8

    Mayall Academy of Arts & Technology Magnet

    Public | KG - 5

  • 8

    Valley Charter Elementary School

    Public | KG - 5

  • 7

    Andasol Avenue Elementary

    Public | PK - 5

  • 7

    Lorne Street Elementary

    Public | KG - 5

  • 6

    Shirley Avenue School

    Public | KG - 5

  • 6

    Calahan Community Charter

    Public | KG - 5

  • 6

    Granada Community Charter

    Public | PK - 5

  • 6

    Tulsa Street Elementary

    Public | KG - 5

  • 5

    Fullbright Elementary

    Public | PK - 5

  • 5

    Ivy Bound Academy Math, Sci, and Tech Charter Middle School

    Public | 5 - 8

  • 5

    Winnetka Elementary School

    Public | KG - 5

  • 5

    Reseda Elementary

    Public | KG - 5

  • 5

    Magnolia Science Academy 7

    Public | KG - 5

Middle Schools 12
  • 9

    Nobel Middle School

    Public | 6 - 8

  • 8

    Oliver Wendell Holmes School

    Public | 6 - 8

  • 7

    Magnolia Science Academy

    Public | 6 - 12

  • 6

    James Jordan Middle School

    Public | 6 - 8

  • 6

    Patrick Henry Middle School

    Public | 6 - 8

  • 4

    North Valley Military Institute College Preparator

    Public | 6 - 12

  • 1

    John A. Sutter Middle School

    Public | 6 - 8

  • 1

    Northridge Middle School

    Public | 6 - 8

  • 0

    Chaminade College Preparetory

    Private | 6 - 12

  • 0

    Diane S. Leichman Special Education Center

    Public | 6 - 12

  • 0

    Joaquin Miller Career and Transition Center

    Public | 6 - 12

  • 0

    Northpoint School & Intensive Outpatient Program

    Private | 6 - 12

High Schools 5
  • 9

    Granada Hills High School

    Public | 9 - 12

  • 7

    Cleveland Charter High School

    Public | 9 - 12

  • 6

    Northridge Academy High School

    Public | 9 - 12

  • 5

    Valley Academy of Arts & Sciences

    Public | 9 - 12

  • 0

    John R. Wooden High School

    Public | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

Kary Manering

Kary Manering

Agent | License ID: 01999946

+1(619) 213-2878

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9301 Darby AVE