| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 38th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7043 Etiwanda Ave, Reseda, CA, 91335, US |
| Region / Metro | Reseda |
| Year of Construction | 1972 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7043 Etiwanda Ave Reseda Multifamily Investment
Neighborhood fundamentals in the Los Angeles metro point to steady renter demand and leasing durability, according to WDSuite’s CRE market data. The area’s renter concentration and amenity density support consistent occupancy at the neighborhood level, not the property.
Neighborhood dynamics and renter demand
This Urban Core pocket of Reseda benefits from strong daily-needs access: restaurants and cafes are dense by Los Angeles standards and score in the upper national percentiles, while pharmacies and groceries are also well represented. Parks and dedicated childcare options are comparatively limited, which may modestly influence family-oriented demand and amenity expectations.
At the neighborhood level, occupancy is 93.1%, signaling a relatively stable leasing backdrop for comparable assets. Renter-occupied housing accounts for roughly two-thirds of units in the neighborhood (66.0% renter concentration), indicating a deep tenant base and consistent turnover velocity that can sustain absorption.
Within a 3-mile radius, recent trends show a slight population dip alongside a rise in household counts, suggesting smaller household sizes and a broader renter pool over time. Forward-looking projections continue this pattern with more households and fewer people per household, which typically supports multifamily demand and occupancy stability. These observations are based on WDSuite’s multifamily property research and reflect neighborhood conditions rather than property performance.
Home values in this area are elevated relative to national norms, reinforcing reliance on rental housing and aiding lease retention. Neighborhood median contract rents are higher than the U.S. median but paired with rent-to-income levels that imply manageable affordability pressure, supporting ongoing pricing discipline without overextending residents.
Safety indicators compare favorably at the national level, with the neighborhood landing in the top quartile nationwide for lower offense rates. Recent year-over-year measures also show notable declines in both property and violent offenses, pointing to an improving backdrop. Within the Los Angeles metro, conditions can vary block to block, so investors typically underwrite prudent security measures and active management to maintain resident confidence.
Nearby employers provide a diversified white-collar employment base that supports renter demand and retention through commute convenience, including Thermo Fisher Scientific, Farmers Insurance Exchange, Charter Communications, Occidental Petroleum, and Live Nation Entertainment.
- Thermo Fisher Scientific — life sciences (3.8 miles)
- Farmers Insurance Exchange — insurance (4.1 miles) — HQ
- Charter Communications — telecommunications (10.7 miles)
- Occidental Petroleum — energy (10.9 miles) — HQ
- Live Nation Entertainment — entertainment (11.5 miles) — HQ
7043 Etiwanda Ave offers 30 units with efficient average square footage, positioning the asset for price-sensitive renters in a high-cost ownership market. At the neighborhood level, elevated home values and a 66.0% renter-occupied share underpin demand, while occupancy at 93.1% suggests stable leasing for comparable stock. According to WDSuite’s commercial real estate analysis, these conditions typically support rent discipline and retention even as tenants balance affordability.
The 1972 vintage may present value-add potential through interior modernization and selective capital planning, helping the property remain competitive versus older stock nearby. Within a 3-mile radius, households have been increasing and are projected to expand further alongside smaller average household sizes, which can translate into a larger tenant base and support occupancy over time.
- Deep renter pool and neighborhood occupancy at 93.1% support stable leasing conditions at the submarket level.
- Elevated ownership costs bolster reliance on rental housing, aiding pricing power and lease retention.
- 1972 vintage offers value-add and capex planning opportunities to drive competitiveness and rents.
- Diverse nearby employers improve commute convenience and can support tenant retention.
- Risks: limited parks/childcare and variable school ratings may affect some households; demographics show modest population softness even as household counts expand.