| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 34th | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18567 Saticoy St, Reseda, CA, 91335, US |
| Region / Metro | Reseda |
| Year of Construction | 1988 |
| Units | 57 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18567 Saticoy St Reseda Multifamily Investment
Positioned in a high-cost ownership pocket of Los Angeles County, this 57-unit asset benefits from a deep renter base and everyday convenience, according to WDSuite’s CRE market data. Neighborhood occupancy is steady near national norms, supporting durable cash flow potential with prudent asset management.
Reseda’s Urban Core setting offers daily-life convenience that underpins renter demand. Grocery and pharmacy access score in the higher national percentiles (mid‑90s), while restaurants are also comparatively dense. Parks and cafes are more limited locally, so on-site amenities and walk-to services become more important for retention and leasing.
The neighborhood’s renter concentration is high (renter-occupied share ranks in the upper tier nationally), signaling a broad tenant base and consistent demand for multifamily units. Neighborhood occupancy is around the national midpoint, which points to generally stable operations with attention to leasing and renewals during softer periods.
Home values sit in the upper national percentiles, indicating a high-cost ownership market that tends to reinforce reliance on multifamily housing and can support pricing power for well-managed assets. Rent-to-income metrics track on the lower side nationally, which can aid lease retention and reduce turnover risk for appropriately positioned units.
Construction in the area skews older (average 1977), while this property was built in 1988. The relative youth versus local stock can be competitively helpful; investors should still plan for modernization of systems and common areas to meet today’s expectations and capture value-add upside.
Within a 3-mile radius, demographic data show households have increased even as population trends have edged lower, implying smaller household sizes and a renter pool that is reshaping rather than expanding. Forward-looking data indicate additional household growth with continued shifts in age mix, supporting occupancy stability for appropriately sized and priced units. These dynamics, based on commercial real estate analysis from WDSuite, suggest demand is driven by convenience and attainable monthly rents more than by net new population growth.
Safety conditions are best understood in relative and trend terms. Year over year, both property and violent offense rates show sharp improvement, with changes ranking in the top percentile nationally for improvement, signaling positive momentum compared with neighborhoods across the U.S. As with any urban Los Angeles submarket, operators should employ standard security measures and lighting, and calibrate marketing to times and routes that match resident preferences.
Compared with the broader Los Angeles metro (1,441 neighborhoods), safety can vary block to block; investors should evaluate property-level features, visibility, and access controls. The multi-year trajectory and recent improvement are constructive signals, but underwriting should still incorporate prudent assumptions for security, insurance, and operating practices.
Nearby employment includes life sciences, insurance, telecom, energy, and entertainment headquarters, supporting a diverse commuter tenant base and helping leasing resilience through cycles.
- Thermo Fisher Scientific — life sciences (3.8 miles)
- Farmers Insurance Exchange — insurance (4.0 miles) — HQ
- Charter Communications — telecom (11.1 miles)
- Occidental Petroleum — energy (11.6 miles) — HQ
- Live Nation Entertainment — media & entertainment (12.3 miles) — HQ
This 57-unit 1988-vintage property competes against an older local stock, offering a practical edge for leasing while leaving room for targeted renovations to drive rent premiums. Neighborhood-level metrics point to a durable renter base, with high renter-occupied share and an ownership market priced well above national norms—conditions that tend to sustain multifamily demand and support pricing for well-managed assets. Household growth within a 3-mile radius, despite modest population drift, implies smaller households and a broader leasing funnel for appropriately sized units.
Operating benchmarks are supportive: neighborhood NOI per unit trends in the top quartile nationally and occupancy sits near the national midpoint, reducing volatility risk when paired with active renewal strategies. Based on CRE market data from WDSuite, forward-looking rent levels are projected to rise meaningfully, while safety indicators have improved materially year over year—encouraging signals for long-term holders who budget for ongoing system updates and common-area enhancements.
- Newer-than-area stock (1988) with value-add potential via systems and finish updates
- High-cost ownership market supports renter reliance and pricing power
- Diverse nearby employers bolster commuter demand and lease stability
- Neighborhood NOI per unit ranks top quartile nationally; occupancy around national norms
- Risks: lower average school ratings, limited parks/cafes, and population softness require disciplined leasing and asset management