Rare 34-Unit Courtyard Community in Northridge — Pool, Private Courtyard & Exceptional Value-Add Potential This charming 34-unit apartment community is ideally located in the heart of Northridge, one of the San Fernando Valley’s most desirable rental markets. Built around a beautifully landscaped central courtyard with a sparkling pool, the property combines strong curb appeal with meaningful value-add opportunities. Featuring a well-balanced unit mix of studios, one- and two-bedroom layouts (plus select larger units), the community appeals to a wide tenant base of students, young professionals, and small families—ensuring consistent occupancy and stable cash flow. The central pool and recreation area serve as a vibrant focal point, enhancing resident satisfaction and rental demand. With solid fundamentals and classic construction, the property is ideally positioned for modernization. Upgrading interiors—kitchens, baths, flooring, lighting, and fixtures—offers a clear path to higher rents and improved asset value. Additional upside can be realized through utility re-billing or RUBS implementation, operational efficiencies, and amenity enhancements such as refreshed outdoor furniture, lighting, and BBQ/lounge zones. Investor appeal is further strengthened by on-site laundry, storage, and ample surface parking, as well as proximity to CSU Northridge, major employment centers, and retail corridors. Northridge’s strong rental demand and limited new supply create a compelling opportunity for both cash flow and appreciation with modest capital investment. This is a rare opportunity to acquire a well-maintained 34-unit property in a prime Northridge location with significant upside potential through strategic renovations and management improvements.
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.
This 17-unit residence is in a high-demand area conveniently located across from Northridge Middle School and Northridge Early Education Center and within walking distance of CSUN and Northridge Hospital. It is and ideal location for students, professionals, and retirees. There is tremendous potential for the investor as 3 units are currently vacant and 2 additional units can be delivered vacant at COE. A great opportunity to renovate and increase rents to FMV.
Northridge is located in California.
