| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 34th | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18553 Saticoy St, Reseda, CA, 91335, US |
| Region / Metro | Reseda |
| Year of Construction | 2008 |
| Units | 53 |
| Transaction Date | 2006-10-02 |
| Transaction Price | $231,500 |
| Buyer | ALON GLOBAL SATICOY LLC |
| Seller | SML PROPERTIES LLC |
18553 Saticoy St, Reseda CA Multifamily Investment
Renter demand is supported by a high-cost ownership market and a sizable renter-occupied housing base, according to WDSuite’s CRE market data. Newer construction for the area adds competitive positioning for leasing and retention.
Built in 2008, the property is newer than the neighborhood’s typical 1970s-era stock, which can reduce near-term capital needs and enhance competitive standing versus older assets. Neighborhood retail access skews practical: strong density of grocery and pharmacy options (both high nationally) supports day-to-day convenience, while restaurant density is competitive; parks and cafes are relatively limited.
For investors assessing tenancy depth, the neighborhood’s share of renter-occupied housing units sits in the upper tier nationally, indicating a broad renter pool and potential demand stability. Neighborhood occupancy is around the middle of the national distribution; recent softening bears monitoring, but a balanced rent-to-income profile suggests manageable affordability pressure and supports lease retention.
Within a 3-mile radius, households have increased even as total population edged down slightly over the last five years, pointing to smaller household sizes and a steady formation of households that can sustain demand for rental units. Forecasts indicate further increases in household counts alongside smaller average household sizes, which typically broadens the tenant base and supports occupancy management. Elevated home values relative to national norms characterize a high-cost ownership market, which tends to reinforce reliance on multifamily rentals and can underpin pricing power.
Comparable market context: the neighborhood’s overall housing metrics are above the national median, amenities such as grocery and pharmacy access place it in the top quartile nationally, and NOI per unit performance for the neighborhood sits in the top quartile. School ratings in the area trend below national averages, a factor to consider for family-oriented demand. These patterns align with an urban core location that appeals to workforce renters; they also frame value in ongoing operations and targeted upgrades rather than in amenity-driven premiums. This perspective is informed by multifamily property research from WDSuite.
Safety indicators compare favorably at the national level, with the neighborhood ranking in the top quintile nationwide for overall crime performance. Year over year, both violent and property offense rates show notable improvement, with declines that place recent trend changes among the strongest nationally. As with any urban core location in the Los Angeles metro, investors should track submarket trends over time rather than block-level variation, and underwrite to property-level measures that support resident safety and retention.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience, led by life sciences, insurance, media, and energy employers listed below.
- Thermo Fisher Scientific — life sciences (3.8 miles)
- Farmers Insurance Exchange — insurance (4.0 miles) — HQ
- Thermo Fisher Scientific — life sciences (5.1 miles)
- Charter Communications — telecommunications (11.1 miles)
- Occidental Petroleum — energy (11.6 miles) — HQ
This 53-unit asset at 18553 Saticoy St benefits from 2008 construction, offering a competitive edge versus older neighborhood stock while allowing for selective value-add to drive rent premiums and operating efficiency. The surrounding renter base is deep, neighborhood NOI per unit trends in the top quartile nationally, and elevated for-sale home values in Los Angeles support continued reliance on multifamily rentals. According to CRE market data from WDSuite, neighborhood occupancy sits near the national midpoint, suggesting stable operations with room to optimize through leasing strategy and targeted upgrades.
Within a 3-mile radius, household counts are rising and are projected to grow further even as household sizes decline, which typically expands the pool of prospective renters and supports occupancy stability. Strong proximity to diversified employers adds to demand durability. Key underwriting considerations include below-average school ratings and uneven amenity depth (limited parks/cafes), balanced by strong everyday retail access and the property’s favorable vintage.
- 2008 vintage versus older local stock supports competitive positioning and moderated near-term capex
- Deep renter-occupied housing base and high home values reinforce multifamily demand and pricing power
- Household growth within 3 miles and diversified nearby employers support leasing and retention
- Operational upside: neighborhood occupancy near national midpoint with top-quartile NOI per unit trends
- Risks: below-average school ratings and limited parks/cafes; monitor occupancy trends and underwrite conservatively