6653 Darby Avenue, Reseda — 31-Unit Multifamily, $3M (Mar 2013)
Updated April 28, 2026
Units: 31 · Sale price: $2,965,000 · Price per unit: $95,645 · Closed: March 2013
A 31-unit larger multifamily property at 6653 Darby Avenue in Reseda, sold March 2013 for $2,965,000 — approximately $95,645 per unit.
2013 was early in the sustained LA multifamily expansion that would run through 2022. Transaction activity was climbing; buyer pool was broadening quarter over quarter.
Reseda is predominantly pre-1978 LA City RSO inventory. Buyer pool skews local operators and value-add syndicators; institutional participation is more selective than in core LA.
Larger multifamily at this scale draws institutional and private equity capital with deeper underwriting processes and longer hold horizons.
Set against the rest of the Reseda record, this is the 6th largest of the 8 Reseda apartment buildings Michael Sterman has closed.
At $95,645 a unit it sits 39% below the Reseda median of $156,639. Per-unit price tracks condition and the in-place rent roll as much as location, so the gap is a starting question rather than a verdict.
Other Reseda closings the same year: 7722 Reseda Boulevard (138 units, $14,500,000).
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Related
- Selling Multifamily Property in Reseda
- Reseda: the neighborhood, its buildings and what they sell for
- How to Sell a Multifamily Property in Los Angeles
- Request a free evaluation of your building
- Verify this sale independently — search public records and coverage for this transaction yourself
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
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