| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 38th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17760 Sherman Way, Reseda, CA, 91335, US |
| Region / Metro | Reseda |
| Year of Construction | 1976 |
| Units | 74 |
| Transaction Date | 2023-09-07 |
| Transaction Price | $18,280,000 |
| Buyer | SOUTH BAY COMMUNITY VILLAS LP |
| Seller | SHERMAN ARMS APARTMENTS |
17760 Sherman Way Reseda Value-Add Multifamily Opportunity
Neighborhood fundamentals indicate resilient renter demand and stable occupancy, according to WDSuite’s CRE market data, supported by a sizable renter base and a high-cost ownership market in Los Angeles County.
Reseda’s Urban Core setting offers daily convenience with strong food-and-beverage density and solid access to groceries and pharmacies. Restaurant and cafe concentration ranks among the strongest nationally, while parks and formal childcare options are comparatively limited—considerations for tenant mix and leasing strategy.
The neighborhood’s renter concentration is about two-thirds of housing units renter-occupied, indicating depth in the tenant base and support for lease-up and retention. Neighborhood occupancy sits in the low-90s, and housing performance is competitive among Los Angeles-Long Beach-Glendale neighborhoods. Home values are elevated for the region, which tends to reinforce reliance on multifamily rentals and supports pricing power when managed thoughtfully.
Within a 3-mile radius, recent demographic patterns show modest population contraction but a net increase in households, reflecting smaller household sizes. Looking ahead, forecasts anticipate further household growth alongside continued right-sizing of household size—conditions that generally expand the renter pool and support occupancy stability for professionally managed assets. Rising household incomes and contract rents in the area, based on CRE market data from WDSuite, further underscore durable demand drivers for workforce and market-rate units.
For schools, average ratings track below national norms, which may influence unit mix and marketing toward renters prioritizing commute convenience and amenities over school quality. Overall, Reseda’s livability is anchored by amenity access and transit-oriented daily needs, with investor implications centered on capturing steady demand while calibrating expectations for family-oriented households.
Safety indicators benchmark above national averages, and recent WDSuite data show notable year-over-year reductions in both property and violent offense rates at the neighborhood level. While conditions can vary block by block, the directional trend supports leasing stability and resident retention narratives when paired with effective on-site management and lighting/security best practices.
Proximity to diversified employers supports commuter convenience and broad renter demand, notably across life sciences, insurance, media, telecom, and energy. The following nearby employers anchor the employment base referenced here: Thermo Fisher Scientific, Farmers Insurance Exchange, Charter Communications, Occidental Petroleum, and Radio Disney.
- Thermo Fisher Scientific — life sciences (4.5 miles)
- Farmers Insurance Exchange — insurance (4.8 miles) — HQ
- Charter Communications — telecom & media (10.1 miles)
- Occidental Petroleum — energy (10.7 miles) — HQ
- Radio Disney — media (10.8 miles)
17760 Sherman Way is a 74-unit 1976-vintage asset in Reseda’s Urban Core, positioned to benefit from a deep renter base and an ownership market with elevated home values that typically sustains multifamily demand. Neighborhood occupancy trends in the low-90s, strong amenity access, and rising household incomes within a 3-mile radius indicate a durable tenant pool and support for steady cash flow when operations are executed efficiently.
The 1976 construction suggests planning for system upgrades and targeted renovations, creating value-add potential through interior modernization and curb appeal enhancements. According to CRE market data from WDSuite, the surrounding neighborhood shows solid renter concentration and improving safety trends, while school ratings and limited park/childcare access point to a leasing strategy focused on convenience-driven renters and professionals.
- Deep renter base and low-90s neighborhood occupancy support income stability.
- Elevated ownership costs in Los Angeles bolster multifamily demand and pricing power.
- 1976 vintage offers value-add potential via system upgrades and unit renovations.
- Risks: below-average school ratings, limited parks/childcare, and capex needs for an older asset.