| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 49th | Fair |
| Amenities | 48th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 19350 Saticoy St, Reseda, CA, 91335, US |
| Region / Metro | Reseda |
| Year of Construction | 1988 |
| Units | 42 |
| Transaction Date | 2001-08-09 |
| Transaction Price | $2,600,000 |
| Buyer | CITY PROPERTIES |
| Seller | 19350 SATICOY LLC |
19350 Saticoy St Reseda Multifamily Investment
Renter demand in the Reseda Urban Core shows durability with neighborhood occupancy trending strong, according to WDSuite’s CRE market data. Stable fundamentals and proximity to major employment nodes position this asset for predictable operations.
Reseda’s Urban Core location offers daily convenience that supports leasing and retention. Restaurants and cafes are dense for the area (both scoring in the higher national percentiles), and grocery access is similarly strong. Childcare density ranks at the top of national comparisons, which can help sustain family-oriented renter demand. These are neighborhood-level metrics, not property performance.
Based on WDSuite’s commercial real estate analysis, the neighborhood rates B+ and ranks 502 out of 1,441 Los Angeles metro neighborhoods, placing it above the metro median. Occupancy at the neighborhood level is in the top quartile nationally, indicating a deep tenant base and fewer downtime risks for well-managed assets. The renter-occupied share of housing in the neighborhood sits near two-fifths, suggesting meaningful multifamily demand, while the broader 3-mile area shows a majority renter concentration, which supports leasing depth.
Home values sit in the higher national percentiles for Los Angeles, signaling a high-cost ownership market that tends to reinforce reliance on rentals. Rent-to-income measures for the neighborhood indicate comparatively manageable affordability pressure versus many coastal submarkets, aiding lease retention and pricing discipline. Median contract rents have outpaced the national trend over the last five years at the neighborhood level, consistent with resilient demand.
Within a 3-mile radius, households have increased despite a modest population dip, and incomes have trended higher, expanding the qualified renter pool. Forecasts point to continued household growth and smaller average household sizes, which can translate into a larger pool of renters and support occupancy stability for professionally operated properties.
One consideration is school quality, which trails national norms at the neighborhood level; investors may want to emphasize amenities, security, and unit finishes to offset potential family-tenant sensitivity to school ratings. Despite that, amenity access, employment proximity, and durable neighborhood occupancy underpin the area’s investment appeal.
Neighborhood safety indicators compare favorably: the area ranks 153 out of 1,441 Los Angeles metro neighborhoods, placing it well above the metro median and within the stronger cohort locally. Nationally, safety scores land in the upper percentiles, indicating comparatively safer conditions versus many neighborhoods across the country.
Recent trend data from WDSuite shows notable year-over-year declines in both violent and property offense rates at the neighborhood level. While crime can vary by block and over time, the directional improvement and above-median standing within the metro provide added context for risk assessment.
Proximity to diversified employment hubs supports renter demand and commute convenience for workforce households. Nearby employers include Thermo Fisher Scientific, Farmers Insurance Exchange, Charter Communications, Occidental Petroleum, and Live Nation Entertainment.
- Thermo Fisher Scientific — life sciences (3.0 miles)
- Farmers Insurance Exchange — insurance (3.1 miles) — HQ
- Charter Communications — telecommunications (12.1 miles)
- Occidental Petroleum — energy (12.1 miles) — HQ
- Live Nation Entertainment — entertainment (12.9 miles) — HQ
19350 Saticoy St is a 42-unit property built in 1988, offering a unit mix and vintage that remain competitive against the neighborhood’s generally older housing stock. The Reseda neighborhood posts top-quartile occupancy nationally and sits above the metro median, supporting expectations for steady leasing and minimized downtime when operations are well managed. According to CRE market data from WDSuite, neighborhood-level rent dynamics and high-cost home values in Los Angeles tend to sustain reliance on rentals, reinforcing depth of demand for multifamily assets.
Within a 3-mile radius, households have grown and are projected to expand further as average household size trends lower, indicating a larger tenant base over time. The 1988 vintage suggests generally marketable finishes with potential to drive incremental NOI through targeted renovations and systems upgrades where needed, while balancing capex planning typical for assets of this era.
- Neighborhood occupancy ranks in the top quartile nationally, supporting leasing stability.
- High-cost ownership environment in Los Angeles underpins renter reliance and pricing discipline.
- 1988 vintage offers value-add potential via targeted interior and systems modernization.
- 3-mile household growth and rising incomes expand the qualified renter pool.
- Risk: school quality trails national norms; positioning and amenity strategy may be needed to attract/retain family renters.