| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 48th | Fair |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7135 Wilbur Ave, Reseda, CA, 91335, US |
| Region / Metro | Reseda |
| Year of Construction | 2012 |
| Units | 73 |
| Transaction Date | 2003-05-05 |
| Transaction Price | $1,325,000 |
| Buyer | SVILIK ALAN |
| Seller | BARSUMIAN EDWARD |
7135 Wilbur Ave Reseda Multifamily Investment
Built in 2012 and positioned in an Urban Core pocket of Reseda, the asset benefits from strong neighborhood occupancy and a sizable renter-occupied housing base, according to WDSuite’s CRE market data. Newer vintage relative to area stock supports competitive positioning while high-cost homeownership in the neighborhood helps sustain multifamily demand.
The property sits in a B+ rated Urban Core neighborhood that is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 389 of 1,441). Occupancy in the neighborhood is above metro medians and in the top quartile nationally, supporting income stability for well-managed multifamily assets. Renter-occupied housing accounts for a meaningful share of units, which helps deepen the local tenant base.
Amenity access is solid: parks and grocery options benchmark in the top quartile nationally, with pharmacy access above national averages. Restaurant density is respectable, while cafes are less concentrated locally, which points to everyday convenience rather than destination retail.
Education and household fundamentals are balanced for workforce housing. Average school ratings are around mid-range, and bachelor’s degree attainment trends slightly above national medians. Within a 3-mile radius, households have grown even as average household size has edged lower, indicating more, smaller households entering the market—supportive of steady renter demand.
Pricing context favors rentals. Neighborhood contract rents are competitive among metro peers and high nationally, while elevated home values place the area in a high-cost ownership market. That backdrop generally supports lease retention and sustained renter reliance on multifamily housing. The area’s average construction year skews older, making a 2012 asset relatively competitive versus much of the local stock.
Neighborhood safety benchmarks favorably versus the metro and nation. The area ranks near the front of the pack among 1,441 Los Angeles-Long Beach-Glendale neighborhoods for lower crime, and overall safety sits in the upper national percentiles. Recent data also indicate notable year-over-year declines in both violent and property offense estimates, reinforcing an improving trend rather than a short-term anomaly.
As with any infill Los Angeles location, conditions can vary by corridor and time of day, so property-level security practices and ongoing monitoring remain prudent. Still, the comparative metrics point to a neighborhood that has been performing better than many peers on reported crime measures.
Proximity to a diversified employment base supports renter demand and commute convenience, led by life sciences, insurance, media, and energy corporate offices. The employers listed below represent nearby demand drivers relevant to leasing and retention.
- Thermo Fisher Scientific — life sciences (3.2 miles)
- Farmers Insurance Exchange — insurance (3.4 miles) — HQ
- Occidental Petroleum — energy (11.3 miles) — HQ
- Charter Communications — telecommunications (11.5 miles)
- Live Nation Entertainment — entertainment (12.1 miles) — HQ
This 73-unit, 2012-vintage asset offers a relative quality advantage versus an area where the average building age is late-1970s, helping it compete for tenants without immediate heavy capital. Neighborhood fundamentals show competitive occupancy among 1,441 Los Angeles-Long Beach-Glendale neighborhoods and top-quartile standing nationally, which supports income durability for stabilized multifamily. High home values locally signal a high-cost ownership market, reinforcing reliance on rentals and aiding lease retention.
Within a 3-mile radius, household counts have increased while average household size has edged lower, indicating a larger pool of smaller households that typically supports multifamily absorption. Neighborhood NOI per unit trends strong versus national benchmarks, and, according to CRE market data from WDSuite, local rent levels are competitive in the metro with further growth tied to income trends and ongoing amenity improvements. Key watch items include modest population drift in the wider area and the need to manage rent-to-income levels to protect retention.
- 2012 construction provides competitive positioning vs. older local stock, with lighter near-term capital needs
- Strong neighborhood occupancy and sizable renter-occupied share support income stability
- High-cost ownership market underpins sustained rental demand and lease retention
- Diverse nearby employers bolster leasing and reduce turnover risk
- Risks: gradual population softening nearby and affordability management to maintain retention