| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 48th | Fair |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 19032 Sherman Way, Reseda, CA, 91335, US |
| Region / Metro | Reseda |
| Year of Construction | 1978 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
19032 Sherman Way Reseda Multifamily Investment
Neighborhood fundamentals point to durable renter demand and above-median occupancy for the Los Angeles metro, according to CRE market data from WDSuite. Figures cited here reflect the surrounding neighborhood, not the property, and suggest stable leasing conditions supported by a deep renter pool.
Reseda’s Urban Core setting offers everyday convenience that supports multifamily leasing. Parks, groceries, and pharmacies index well versus U.S. neighborhoods (parks and groceries in the 90th percentile range nationally), while restaurants are competitive and cafes are limited. Strong childcare density (top national tier) can aid retention for family-oriented renters. Average school ratings trend modestly above national midpack, offering a functional but not premium education profile.
For investors, neighborhood housing metrics are favorable: occupancy trends sit in the top quartile nationally and rank above the Los Angeles-Long Beach-Glendale metro median (among 1,441 neighborhoods), pointing to steady absorption and limited frictional vacancy. Renter-occupied share is elevated versus many U.S. areas, indicating a sizable tenant base and potential resiliency in the renewal cycle. Median contract rents in the neighborhood track on the higher side nationally, consistent with Los Angeles demand drivers.
Within a 3-mile radius, recent data show modest population movement but a net increase in households, which expands the effective renter pool. Forward-looking projections indicate households continuing to grow alongside smaller average household sizes, a combination that typically supports leasing velocity for well-managed, mid-size assets. Median incomes have risen meaningfully over the past five years, improving the depth of qualified renters.
Home values benchmark high versus the nation, and the value-to-income ratio also sits near the top of national ranges. In practice, that high-cost ownership context tends to sustain reliance on rental housing and can reinforce pricing power for competitively positioned properties, while neighborhood rent-to-income readings suggest measured affordability pressure and room for disciplined revenue management.
Safety indicators are mixed in how they compare locally versus nationally. The neighborhood ranks toward the higher-crime side within the Los Angeles-Long Beach-Glendale metro (measured against 1,441 neighborhoods). By contrast, national comparisons place the area in the top decile for safety, signaling comparatively favorable conditions versus many U.S. neighborhoods.
Recent trend metrics from WDSuite show sharp year-over-year declines in both violent and property offense estimates, representing one of the stronger improvements across peer neighborhoods. For investors, this trajectory can support resident satisfaction and retention, while prudent on-site security and lighting policies remain advisable given broader metro dynamics.
The area draws from a diversified employment base that supports renter demand, led by life sciences, insurance, energy, and telecommunications offices within commuting distance. Listed below are nearby employers most relevant to workforce housing and commute convenience.
- Thermo Fisher Scientific — life sciences (3.1 miles)
- Farmers Insurance Exchange — insurance (3.3 miles) — HQ
- Thermo Fisher Scientific — life sciences (4.6 miles)
- Occidental Petroleum — energy (11.5 miles) — HQ
- Charter Communications — telecommunications (11.7 miles)
This 72-unit Reseda asset offers scale in a neighborhood with above-median metro occupancy and top-quartile national standing for stabilized performance. High home values and ownership costs in Los Angeles reinforce renter reliance on multifamily housing, while neighborhood rent-to-income readings suggest manageable affordability pressure for lease management. According to CRE market data from WDSuite, the surrounding area’s renter concentration and steady NOI per unit benchmarks are competitive among metro peers.
Demand drivers within a 3-mile radius include an expanding household base and smaller projected household sizes, both of which generally enlarge the renter pool and support occupancy stability. Amenity access (parks, groceries, pharmacies) ranks well nationally, bolstering livability and retention, while recent safety trends have improved materially, aligning with long-term hold strategies focused on operational execution and selective upgrades.
- Above-median metro occupancy and top-quartile national standing support stable leasing
- High-cost ownership market in Los Angeles sustains rental demand and pricing power
- Household growth and smaller household sizes (3-mile radius) expand the renter pool
- Strong neighborhood access to parks, groceries, and pharmacies aids retention
- Risk: Local ranking indicates relatively higher crime within the metro; continue proactive security and resident-experience measures