| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 42nd | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7249 Baird Ave, Reseda, CA, 91335, US |
| Region / Metro | Reseda |
| Year of Construction | 1989 |
| Units | 27 |
| Transaction Date | 2018-03-06 |
| Transaction Price | $6,315,000 |
| Buyer | WYANBAIRD LLC |
| Seller | 7249 BAIRD INVESTMENT CO LP |
7249 Baird Ave Reseda Multifamily Investment
Neighborhood fundamentals point to steady renter demand, with occupancy and renter-occupied share above national norms, according to WDSuite’s CRE market data, in a high-cost ownership pocket of Los Angeles.
Located in Reseda within the Los Angeles-Long Beach-Glendale metro, the neighborhood carries a B rating and ranks 666th of 1,441 metro neighborhoods — competitive among Los Angeles neighborhoods. Restaurant density tests in the top quartile nationally, and daily-needs retail such as groceries and pharmacies is comparatively well represented, while park access and cafe density are thinner. For investors, this mix supports day-to-day livability and leasing convenience.
The property’s 1989 vintage is newer than the neighborhood average construction year of 1968, suggesting relative competitiveness versus older stock. Investors should still plan for systems modernization and light repositioning typical of late-1980s assets to strengthen rentability and retention.
Multifamily demand signals are favorable. At the neighborhood level (not the property), occupancy is above the national average and renter concentration is high — the area’s share of renter-occupied housing is in the top decile nationally. This depth of the tenant base supports leasing stability, though operators should manage pricing with an eye to rent-to-income ratios.
Within a 3-mile radius, households have increased recently and are projected to expand further as average household size trends lower. Even with population softening, a rising household count points to a broader tenant base and more renters entering the market, supporting occupancy stability. Elevated home values relative to incomes reinforce reliance on multifamily, which can aid lease retention and pricing power when units are well-maintained.
Safety metrics are competitive compared with national benchmarks. The neighborhood’s crime environment scores in the upper tiers nationally (around the 77th percentile), indicating comparatively safer conditions than many U.S. neighborhoods. Violent offense measures also sit above the national average for safety, and both violent and property offense rates show notable year-over-year improvement. As always, investors should underwrite to submarket and street-level nuances, but the broader trend supports renter appeal and leasing stability.
Nearby employment anchors span life sciences, insurance, telecom, energy, and entertainment — a diverse base that supports renter demand and commute convenience for workforce tenants.
- Thermo Fisher Scientific — life sciences (3.6 miles)
- Farmers Insurance Exchange — insurance (3.9 miles) — HQ
- Charter Communications — telecom (11.1 miles)
- Occidental Petroleum — energy (11.2 miles) — HQ
- Live Nation Entertainment — entertainment (11.9 miles) — HQ
This 27-unit, late-1980s Reseda asset benefits from a renter-heavy neighborhood, supportive occupancy at the neighborhood level, and proximity to diversified employment centers. Elevated ownership costs locally reinforce reliance on multifamily, while the property’s newer-than-average vintage provides a competitive edge versus older stock, with scope for targeted upgrades to drive retention.
According to commercial real estate analysis from WDSuite, neighborhood amenities skew toward dining and daily-needs retail, which underpins leasing convenience despite limited park and cafe density. Household growth within a 3-mile radius and smaller household sizes point to a broader tenant base over time, supporting demand for well-managed units.
- Renter-occupied share among the highest nationally, supporting depth of tenant demand
- 1989 vintage offers competitive positioning versus older stock with value-add modernization potential
- Diverse nearby employers in life sciences, insurance, telecom, energy, and entertainment sustain leasing
- Neighborhood-level occupancy above U.S. norms, aiding rentability and lease stability
- Risks: affordability pressure (high rent-to-income), limited park access, and population softening require prudent rent setting and amenity strategy