| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 34th | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18535 Saticoy St, Reseda, CA, 91335, US |
| Region / Metro | Reseda |
| Year of Construction | 1980 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18535 Saticoy St Reseda Multifamily Investment
Neighborhood-level data points to resilient renter demand supported by a high renter-occupied share and elevated ownership costs, according to WDSuite’s CRE market data. These metrics reflect the surrounding neighborhood rather than the property itself and suggest steady leasing fundamentals for a well-located Reseda asset.
Reseda’s Urban Core setting offers strong daily-needs convenience that supports tenant retention. Neighborhood amenity indicators show robust access to groceries and pharmacies (both nationally strong), while cafes and park acreage are comparatively limited. Median neighborhood contract rents rank high nationally, signaling pricing power potential when paired with disciplined lease management.
The neighborhood’s renter-occupied share is high (top tier nationally), indicating depth in the multifamily tenant base. At the same time, neighborhood occupancy trends sit near the national middle, reminding investors that competitive positioning and asset-level execution remain important to sustain performance.
Within a 3-mile radius, demographics show households have grown even as total population edged down, implying smaller average household sizes and a larger share of renters entering the market. Projections point to continued increase in households and higher incomes by 2028, which can support rent growth and occupancy stability for well-managed assets as more higher-earning renters seek professionally managed housing.
Home values in the neighborhood are elevated nationally, which reinforces reliance on rental housing and can support lease retention. The average neighborhood construction year is 1977; the subject property’s 1980 vintage is slightly newer, suggesting competitive positioning versus older stock while still warranting ongoing modernization planning for systems and common areas.
Safety indicators present a mixed but improving picture. Relative to the Los Angeles metro, the neighborhood’s crime rank of 210 out of 1,441 neighborhoods signals elevated crime compared with many metro peers. Nationally, however, the area places in the safer half, with property offenses and violent offenses positioned above national midpoints.
Trend data shows meaningful year-over-year improvement in both violent and property offense rates, indicating momentum in the right direction. Investors should underwrite standard security measures and property-level lighting/camera upgrades to align with resident expectations and bolster leasing.
Nearby employers provide a diversified white-collar employment base that supports multifamily renter demand and commute convenience, led by life sciences, insurance, telecom, and energy offices noted below.
- Thermo Fisher Scientific — life sciences (3.9 miles)
- Farmers Insurance Exchange — insurance (4.1 miles) — HQ
- Charter Communications — telecom (11.1 miles)
- Occidental Petroleum — energy (11.6 miles) — HQ
This 26-unit, 1980-vintage asset sits in a neighborhood with strong daily-needs access and a high renter concentration, supporting depth of tenant demand. According to commercial real estate analysis from WDSuite, neighborhood NOI per unit is strong nationally, while occupancy trends are closer to the middle of the pack—an execution-driven environment where well-maintained assets can capture steady leasing. Elevated neighborhood home values further sustain rental reliance, aiding retention and pricing power for quality product.
The 1980 construction provides a slight age advantage versus the neighborhood average, with potential to enhance competitiveness through targeted renovations and systems upgrades. Within a 3-mile radius, households are increasing even as average household size trends lower, expanding the renter pool and supporting occupancy stability for professionally managed multifamily.
- High renter-occupied share and elevated ownership costs reinforce multifamily demand
- Neighborhood NOI per unit is nationally strong, supporting durable cash flow potential
- 1980 vintage offers value-add and systems modernization angles to sharpen competitiveness
- Within 3 miles, growing households and higher incomes support rentability and retention
- Risks: crime sits elevated versus LA metro peers and schools rate lower; success depends on asset-level execution and security/amenity programming