| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 38th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17808 Sherman Way, Reseda, CA, 91335, US |
| Region / Metro | Reseda |
| Year of Construction | 1984 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
17808 Sherman Way Reseda Multifamily Investment
This 100-unit property benefits from strong neighborhood-level occupancy at 93.1% and a highly rental-oriented market with 66% of residents renting. According to CRE market data from WDSuite, the area shows competitive fundamentals among Los Angeles metro neighborhoods.
The Reseda neighborhood ranks competitively among 1,441 Los Angeles metro neighborhoods, earning a B- rating with strong rental market fundamentals. With 66% of residents renting, the area maintains one of the highest renter concentrations nationwide, reaching the 96th percentile. Neighborhood-level occupancy stands at 93.1%, supporting stable tenant demand and retention potential.
Built in 1984, this property is newer than the neighborhood average construction year of 1973, positioning it competitively within the local housing stock while minimizing near-term obsolescence risk. Demographic data aggregated within a 3-mile radius shows a stable household base of approximately 69,200 households, with projected household growth of 32.5% through 2028, supporting an expanding renter pool and occupancy stability.
The neighborhood demonstrates solid amenity access with restaurant density ranking in the 97th percentile nationally and grocery access in the 83rd percentile. Median contract rents of $1,582 at the neighborhood level rank above metro median, while home values at $745,370 create affordability barriers that can keep households in the rental market longer. The area's urban core designation provides transit connectivity and employment access across the broader Los Angeles region.
The neighborhood shows favorable safety trends with crime ranking 212th among 1,441 Los Angeles metro neighborhoods, placing it in the top quartile for safety. This translates to the 81st percentile nationally among neighborhoods, indicating above-average security conditions that can support tenant retention and property appeal.
Property offense rates have declined significantly by 84.4% year-over-year, ranking in the 99th percentile nationally for improvement trends. Violent crime rates also show substantial improvement with a 96% decline, ranking in the 100th percentile for positive change. These improving safety metrics can enhance the property's competitive positioning for attracting and retaining quality tenants.
The property benefits from proximity to major corporate employers across technology, insurance, and entertainment sectors, providing diverse employment opportunities that support tenant demand and commute convenience.
- Thermo Fisher Scientific — biotechnology and scientific equipment (4.5 miles)
- Farmers Insurance Exchange — insurance services (4.8 miles) — HQ
- Charter Communications — telecommunications (10.1 miles)
- Occidental Petroleum — energy and oil services (10.7 miles) — HQ
- Live Nation Entertainment — entertainment and events (11.2 miles) — HQ
This 100-unit Reseda property presents stable fundamentals with neighborhood-level occupancy at 93.1% and strong rental market dynamics, as 66% of area residents rent rather than own. The 1984 construction year positions the asset newer than neighborhood norms, reducing near-term capital expenditure risk while maintaining competitive appeal. Projected household growth of 32.5% through 2028 within a 3-mile radius supports expanding tenant demand, according to multifamily property research from WDSuite.
The investment case centers on affordability-driven rental demand, with median home values at $745,370 creating ownership barriers that support tenant retention. Improving safety metrics, including an 84% decline in property crime, enhance the neighborhood's appeal while proximity to major employers like Farmers Insurance and Thermo Fisher Scientific provides employment stability for residents.
- High rental market penetration at 66% supports consistent tenant demand
- Neighborhood occupancy at 93.1% indicates stable rental fundamentals
- Projected 32.5% household growth through 2028 expands potential renter pool
- 1984 construction reduces near-term capital expenditure requirements
- Risk: Below-average school ratings may limit family tenant appeal