Properties

Northridge, CA 91325 9301 Darby Avenue

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Presented By: Kevin Driscoll with Coldwell Banker Realty;
  • MLS# 25559201
  • 06/30/2025
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  • SQFT • 26,827

Home Details

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.
Presented By: Kevin Driscoll with Coldwell Banker Realty;

Interior Features for 9301 Darby Avenue

Bathrooms

Total Baths

Other Interior Features

Laundry FeaturesCommon Area
Total Stories2

General for 9301 Darby Avenue

Cap Rate5.24
CityNorthridge
Community FeaturesGated
CountyLos Angeles
DirectionsLocated north of Nordhoff and West of Lindley.
HOA Fee$
Lot Size Square Feet28517
Lot Size UnitsSquare Feet
MLS AreaNR - Northridge
Net Operating Income419000
Number Of Units Total34
PostalCityNORTHRIDGE
Property TypeCommercial Sale
Security FeaturesGated Community
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Year2024
Year Built1971
ZoningLAR3

Exterior for 9301 Darby Avenue

Building Area Total26827
Lot Size Acres0.6547
Lot Size Area28517
Lot Size SourceAssessor
Number of Buildings1
Total Parking0
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $7,775,000
MLS#25559201
List Date 06/30/2025
Property Type Commercial
Phone 888.795.6274
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