| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 48th | Fair |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 19145 Sherman Way, Reseda, CA, 91335, US |
| Region / Metro | Reseda |
| Year of Construction | 2008 |
| Units | 47 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
19145 Sherman Way, Reseda CA Multifamily Investment
Positioned in an Urban Core pocket of the San Fernando Valley, this 47-unit asset benefits from stable neighborhood occupancy and elevated renter demand, according to CRE market data from WDSuite.
Reseda’s Urban Core setting offers practical amenities for renters: strong access to parks, groceries, and pharmacies, while childcare density ranks competitive among Los Angeles neighborhoods. Caf e9 density is thinner, but daily-needs retail supports resident convenience and lease retention.
Neighborhood occupancy is in the top quartile nationally, pointing to durable demand and relatively limited vacancy risk. Median contract rents trend well above national levels, and elevated ownership costs across the area reinforce reliance on multifamily housing rather than ownership, a positive for pricing power and renewal potential.
The property’s 2008 vintage is newer than the neighborhood’s average 1970s housing stock, providing competitive positioning versus older assets; investors should still plan for mid-life system updates typical for this age cohort.
Within a 3-mile radius, household counts have increased recently and are projected to grow further even as average household size trends lower. That combination can expand the renter pool and support occupancy stability for professionally managed apartments. Average school ratings are around the national mid-to-upper range, which can aid retention for multi-bedroom units.
Based on WDSuite s CRE market data, recent year-over-year estimates indicate notable declines in both property and violent offenses, and the neighborhood compares favorably to many areas nationally on safety. As with most of Los Angeles, conditions can vary by corridor, so investors should underwrite with sub-neighborhood awareness and ongoing monitoring.
Proximity to a diverse employment base supports renter demand and commute convenience, with nearby roles in life sciences, insurance, energy, media, and telecom reflected below.
- Thermo Fisher Scientific d life sciences (2.96 miles)
- Farmers Insurance Exchange d insurance (3.17 miles) d HQ
- Occidental Petroleum d energy (11.54 miles) d HQ
- Charter Communications d telecom (11.79 miles)
- Live Nation Entertainment d entertainment (12.35 miles) d HQ
This 47-unit, 2008-built asset benefits from neighborhood occupancy that ranks above the metro median and in the top quartile nationally, supporting stable cash flow when professionally operated. Elevated home values in the area sustain renter reliance on multifamily, while the property s newer vintage versus the predominantly 1970s stock offers competitive appeal and potential operational efficiency, though investors should budget for mid-life capital items. According to CRE market data from WDSuite, rent levels track above national norms, aligning with a deep tenant base and reinforcing the case for disciplined revenue management.
Within a 3-mile radius, households have been rising and are projected to increase further as average household sizes decline, which can expand the renter pool even amid modest population softness. Amenity access is practical (parks, groceries, pharmacies), and proximity to diverse employers across insurance, life sciences, energy, and media supports leasing durability over a full cycle.
- Occupancy strength and above-metro stability support durable cash flows
- 2008 vintage out-competes older local stock; plan for mid-life system updates
- Elevated ownership costs sustain renter demand and pricing power
- 3-mile household growth and employer proximity reinforce leasing
- Risks: LA submarket variability, thinner caf e9 density, and policy/economic cyclicality warrant conservative underwriting