| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 49th | Fair |
| Amenities | 48th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 19330 Saticoy St, Reseda, CA, 91335, US |
| Region / Metro | Reseda |
| Year of Construction | 1978 |
| Units | 66 |
| Transaction Date | 1999-07-08 |
| Transaction Price | $3,040,000 |
| Buyer | C F SATICOY LTD PARTNERSHIP |
| Seller | TERRA VISTA APARTMENTS LTD |
19330 Saticoy St Reseda Multifamily Investment
This 66-unit property built in 1978 sits in a neighborhood with 97.4% occupancy rates and strong rental demand fundamentals. According to CRE market data from WDSuite, the area demonstrates above-average occupancy performance relative to national benchmarks.
The Reseda neighborhood ranks in the top quartile nationally for housing metrics among 1,441 metro neighborhoods, with occupancy rates of 97.4% reflecting strong rental demand dynamics. The area maintains 39% renter-occupied housing units, providing a stable tenant base for multifamily properties. Median contract rents of $1,797 have grown 25% over the past five years, indicating consistent pricing power in this submarket.
Demographics within a 3-mile radius show a population of approximately 225,000 residents with median household income of $87,478. The area benefits from high amenity density, ranking in the 92nd percentile nationally for cafe access and 100th percentile for childcare facilities per square mile. Strong grocery store density at 3.13 stores per square mile supports tenant retention through convenient access to daily necessities.
Home values averaging $660,897 have appreciated 60% over five years, with elevated ownership costs sustaining rental demand for multifamily housing. The rent-to-income ratio of 0.25 indicates manageable affordability levels for area renters. Forward-looking demographics project household growth and income increases, with median household income expected to reach $118,182 by 2028, supporting future rent growth potential.
The neighborhood demonstrates favorable safety trends with property crime rates declining 79.7% year-over-year, ranking in the 98th percentile nationally for crime reduction. Violent crime rates also decreased significantly by 96.9% over the same period, placing the area in the 100th percentile for improvement trends nationwide.
Current property offense rates of 138 incidents per 100,000 residents rank above metro median among Los Angeles area neighborhoods. The substantial year-over-year crime reductions indicate improving conditions that support tenant retention and leasing velocity for multifamily properties in the submarket.
The property benefits from proximity to major corporate employers including Thermo Fisher Scientific and Farmers Insurance headquarters, providing workforce housing opportunities for area professionals.
- Thermo Fisher Scientific — life sciences and laboratory services (3.1 miles)
- Farmers Insurance Exchange — insurance services (3.2 miles) — HQ
- Thermo Fisher Scientific — life sciences operations (4.2 miles)
- Charter Communications — telecommunications (12.1 miles)
- Occidental Petroleum — energy sector (12.1 miles) — HQ
This 66-unit property built in 1978 presents value-add renovation opportunities typical of older multifamily assets, while benefiting from a neighborhood with 97.4% occupancy rates and declining crime trends. The construction vintage positions the asset for capital improvements and unit upgrades to capture stronger rents in a submarket where median contract rents have grown 25% over five years.
Demographic projections within a 3-mile radius show household income growth from $87,478 to $118,182 by 2028, supporting future rent growth potential. Commercial real estate analysis indicates the area's high amenity density and proximity to major employers like Thermo Fisher Scientific and Farmers Insurance create stable workforce housing demand for multifamily properties.
- Strong occupancy fundamentals with 97.4% neighborhood rates above metro averages
- Value-add potential through renovations and unit improvements on 1978 vintage property
- Projected household income growth of 35% by 2028 supporting rent escalation
- Risk consideration: Older building stock may require significant capital expenditure for competitive positioning