| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 49th | Fair |
| Amenities | 48th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7243 Shirley Ave, Reseda, CA, 91335, US |
| Region / Metro | Reseda |
| Year of Construction | 1977 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7243 Shirley Ave, Reseda CA Multifamily Investment
Stabilized renter demand in Reseda supports consistent leasing and retention, according to WDSuite’s CRE market data, with neighborhood occupancy trending favorably versus much of the Los Angeles metro.
Reseda’s Urban Core setting offers daily convenience that supports renter retention. Neighborhood amenities index above many peers in the metro, with strong dining and grocery density (restaurants and groceries score in high national percentiles), while immediate park and pharmacy access is limited. For investors, this mix points to everyday livability that can underpin leasing velocity, with a watchlist on green-space and healthcare access trade-offs.
Rents in the neighborhood benchmark on the higher side relative to national markets and have risen over the past five years, while neighborhood occupancy ranks in the top quartile among 1,441 Los Angeles metro neighborhoods. This combination suggests pricing power can be maintained when units are well-positioned, though operators should stay attentive to renewal management where rent-to-income considerations arise.
The building’s 1977 vintage is older than the neighborhood’s average construction year (1983). That age profile typically points to capital planning needs—mechanicals, exteriors, and interiors—alongside potential value-add upside through targeted renovations to remain competitive against newer stock.
Within a 3-mile radius, demographic statistics indicate a large and diversified renter base, with approximately 55% of housing units renter-occupied. Households have increased over the past five years and are forecast to expand further even as average household size declines, implying a broader leasing pool and demand for multifamily product types. These trends can support occupancy stability and absorption for renovated units, a dynamic consistent with findings from multifamily property research.
Ownership costs in the neighborhood are elevated by national standards, which typically sustains reliance on rental housing and can support lease retention. Average school ratings are below national norms; operators should lean into amenity, unit-finish, and commute convenience positioning rather than school-driven demand.
Safety metrics compare favorably to many neighborhoods nationwide, with the area landing in higher national percentiles for lower crime. Recent year-over-year trends also indicate meaningful improvement in both violent and property offense rates. While conditions can vary within blocks, the broader neighborhood profile is competitive among Los Angeles neighborhoods and has moved in a positive direction.
As with any Urban Core location, investors should evaluate property-level security measures, sightlines, and lighting to align with resident expectations and to support renewal rates.
Proximity to diversified employers supports a broad renter base and commute convenience, spanning life sciences, insurance, energy, media, and communications—drivers that can reinforce leasing stability.
- Thermo Fisher Scientific — life sciences (2.66 miles)
- Farmers Insurance Exchange — insurance (2.81 miles) — HQ
- Occidental Petroleum — energy (11.85 miles) — HQ
- Charter Communications — communications (12.22 miles)
- Live Nation Entertainment — entertainment (12.73 miles) — HQ
7243 Shirley Ave is a 34-unit asset in Reseda with neighborhood fundamentals that favor occupancy stability. Neighborhood occupancy ranks in the top quartile among 1,441 Los Angeles metro neighborhoods, and NOI per unit performance benchmarks in the top quartile nationally—signals that well-positioned assets can sustain leasing and support steady operations, according to CRE market data from WDSuite. Elevated ownership costs in the area further reinforce long-run reliance on multifamily housing.
Built in 1977, the property may benefit from a focused value-add plan—systems upgrades and selective interior renovations—to stay competitive with newer stock. Within a 3-mile radius, a majority renter-occupied housing base and growing household counts point to a durable tenant pipeline even as household sizes trend smaller, supporting absorption for renovated units and helping manage turnover risk.
- Strong neighborhood occupancy and stable renter demand versus metro peers
- Top-quartile NOI per unit benchmarks provide support for operations
- 1977 vintage offers value-add potential via systems and interior upgrades
- Elevated ownership costs bolster multifamily reliance and lease retention
- Risks: lower average school ratings and limited park/pharmacy access may require amenity-driven positioning