| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 34th | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18325 Saticoy St, Reseda, CA, 91335, US |
| Region / Metro | Reseda |
| Year of Construction | 1989 |
| Units | 52 |
| Transaction Date | 2000-07-21 |
| Transaction Price | $1,316,000 |
| Buyer | HACIENDA INVESTORS LP |
| Seller | KESTONA LTD |
18325 Saticoy St, Reseda Multifamily Investment
Neighborhood indicators point to steady renter demand and pricing power, with a majority of nearby housing units renter-occupied and occupancy near the metro median, according to WDSuite’s CRE market data.
Reseda’s Urban Core location offers daily convenience that supports leasing: grocery and pharmacy access are strong compared with most U.S. neighborhoods, while restaurants are plentiful; cafes and park space are relatively limited. For investors, this mix tends to favor necessity-driven foot traffic and consistent renter appeal rather than destination retail.
At the neighborhood level, renter-occupied housing makes up a substantial share of units, signaling a deep tenant base and durable demand for multifamily. Home values are elevated relative to national norms, which typically sustains reliance on rental options and can reinforce retention. At the same time, neighborhood rent-to-income metrics suggest manageable affordability pressure, a positive for lease stability and renewal outcomes.
The average local building vintage skews to the late 1970s, while this property was built in 1989. That relative youth can be a competitive edge versus older stock, though investors should still plan for system updates and modernization to meet current renter expectations.
Demographic statistics are aggregated within a 3-mile radius: households have expanded in recent years and are projected to grow further alongside smaller average household sizes. Even with modest population drift, more, smaller households typically translate to a larger tenant base and support for occupancy, an important context point for multifamily property research.
Relative to U.S. neighborhoods, local safety indicators rank in the higher percentiles, placing the area in the top quartile nationally. Within the Los Angeles-Long Beach-Glendale metro, the neighborhood stands competitive among 1,441 neighborhoods, with recent year-over-year improvements reported in both property and violent offense rates.
For investors, this positioning suggests a supportive backdrop for resident retention and leasing, while still warranting property-level security best practices and ongoing monitoring of submarket trends.
Proximity to diversified employers helps underpin renter demand through commute convenience and a broad occupational mix, including life sciences, insurance, telecom, energy, and entertainment.
- Thermo Fisher Scientific — life sciences (4.1 miles)
- Farmers Insurance Exchange — insurance (4.3 miles) — HQ
- Charter Communications — telecom (10.8 miles)
- Occidental Petroleum — energy (11.5 miles) — HQ
- Live Nation Entertainment — entertainment (12.0 miles) — HQ
18325 Saticoy St brings scale at 52 units in a renter-heavy Reseda pocket where neighborhood occupancy trends sit around the metro median and home values are high versus national benchmarks. According to CRE market data from WDSuite, the area’s rent levels have risen over the past five years, while rent-to-income signals indicate manageable affordability pressure—factors that can support retention and measured rent growth.
Built in 1989, the asset is newer than much of the surrounding late-1970s stock, offering relative competitiveness against older properties. Investors should still plan for targeted modernization and system upgrades. Within a 3-mile radius, household counts have been increasing and are projected to expand further even as average household size declines, a pattern that typically enlarges the renter pool and supports occupancy stability over time.
- Renter-heavy neighborhood and high ownership costs reinforce depth of tenant demand
- Occupancy near metro median with rising neighborhood rents supports income durability
- 1989 vintage is competitive versus older local stock; value-add via modernization is plausible
- 3-mile household growth and shrinking household size point to a larger renter pool
- Risks: limited parks/cafes, softer school ratings, and modest population drift warrant underwriting discipline