Properties

Northridge, CA 91325 9301 Darby Avenue

9301 Darby Avenue Northridge, CA - Image 19301 Darby Avenue Northridge, CA - Image 29301 Darby Avenue Northridge, CA - Image 3
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Presented By: Kevin Driscoll with Coldwell Banker Realty;
  • MLS# 25559363
  • 06/30/2025
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  • Beds • 41
  • Baths • 14
  • 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 cafs 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

Bedrooms

Total Bedrooms41

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths41

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NYes
Common Walls1 Common Wall
Heating Y/NYes
Laundry FeaturesCommon Area, Laundry Room
Total Stories

General for 9301 Darby Avenue

Additional Parcels Y/NNo
AppliancesGas Cooktop, Oven, Refrigerator
Cap Rate5.24
CityNorthridge
Community FeaturesGated
CoolingWall/Window Unit(s)
CountyLos Angeles
DirectionsLocated north of Parthenia @ CSUN
Full Baths
Gross Income618000
HOANo
HeatingNatural Gas
LevelsTwo
Living Area26827
Lot Size Square Feet28517
Lot Size UnitsSquare Feet
MLS AreaNR - Northridge
Net Operating Income419000
New ConstructionNo
Number Of Units Total34
Occupancy TypeTenant
PossessionClose Of Escrow
PostalCityNORTHRIDGE
Property Attached Y/NYes
Property TypeResidential Income
Security FeaturesGated Community
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tenant PaysElectricity
Year Built1971
Year Built SourceAssessor
ZoningLAR3

Exterior for 9301 Darby Avenue

Building Area Total26827
Lot Size Acres0.6547
Lot Size Area28517
Number of Buildings1
Parking FeaturesAssigned, Controlled Entrance, Community Structure
Total Parking34

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#25559363
List Date 06/30/2025
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
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The Woodlands, TX 77380
866-938-0924
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