| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7249 Baird Ave Reseda Multifamily Opportunity
Positioned in an Urban Core pocket of Reseda with stable neighborhood occupancy and a high share of renter-occupied units, this 27-unit asset benefits from steady leasing fundamentals. Based on CRE market data from WDSuite, neighborhood trends suggest durable renter demand rather than property-specific guarantees.
The property sits in a B-rated Urban Core neighborhood within the Los Angeles-Long Beach-Glendale metro. Neighborhood occupancy trends are above the national median and consistent with sustained demand, while the renter-occupied share is high (above the 90th percentile nationally), indicating a deep tenant base. Note that these are neighborhood-level indicators, not property performance.
Local amenities skew practical: restaurants, groceries, pharmacies, and childcare facilities score in the upper national percentiles, supporting daily convenience and workforce housing appeal. Parks and cafes are comparatively limited, which can shape resident expectations but typically does not impair core renter demand in similar metro submarkets.
Home values in the area are elevated relative to incomes (value-to-income ratio in the mid‑90s nationally), a high‑cost ownership context that tends to sustain reliance on multifamily rentals and supports pricing power, especially for well-maintained units. Neighborhood rent levels benchmark above the national median, and a rent-to-income ratio near the upper third suggests some affordability pressure to manage through renewal strategies.
Within a 3‑mile radius, households have grown recently and are projected to expand further even as average household size trends lower, pointing to more, smaller households and a steady inflow to the renter pool. Median incomes have risen and are forecast to continue increasing, which can underpin rent growth and occupancy stability over time, according to WDSuite’s CRE market data.
Vintage matters here: built in 1989, the asset is newer than the neighborhood’s typical 1960s-era stock. That relative youth can enhance competitive positioning versus older buildings, while still leaving room for selective modernization (systems, interiors, or common areas) to capture value‑add upside.
Neighborhood safety is competitive both locally and nationally. The area performs in the top quartile among 1,441 Los Angeles metro neighborhoods by crime rank and is above the national median (higher national percentile indicates safer conditions). Year over year, both property and violent offense estimates show sharp declines, with improvement measures ranking among the strongest nationally. These are neighborhood-level indicators and can vary block to block; investors should align underwriting with submarket-wide trends rather than isolated incidents.
Proximity to diversified employers supports renter demand and commute convenience, notably life sciences, insurance, telecom, and energy offices listed below.
- Thermo Fisher Scientific — life sciences (3.6 miles)
- Farmers Insurance Exchange — insurance (3.9 miles) — HQ
- Thermo Fisher Scientific — life sciences (5.2 miles)
- Charter Communications — telecom (11.1 miles)
- Occidental Petroleum — energy (11.2 miles) — HQ
7249 Baird Ave offers investors a 1989-vintage, 27‑unit building positioned in a neighborhood with above-median occupancy and a high renter concentration. Elevated ownership costs in the area reinforce sustained reliance on rentals, while 3‑mile household growth and rising incomes suggest a broader tenant base over time. According to commercial real estate analysis from WDSuite, these neighborhood dynamics support steady demand rather than property-specific guarantees.
Relative to older 1960s-era stock nearby, the 1989 vintage can compete well with targeted updates, creating value‑add pathways without full repositioning. Underwriting should account for affordability pressures (rent-to-income near the upper third), mixed school ratings, and amenity tradeoffs (limited parks/cafes) while leaning into strong everyday services, employment access, and resilient neighborhood occupancy.
- High renter-occupied share and above-median neighborhood occupancy support leasing stability
- Elevated ownership costs sustain rental demand and pricing power for competitive units
- 1989 vintage competes well versus older stock, with selective modernization for value-add
- Expanding 3-mile household counts and rising incomes indicate a broader tenant base
- Risks: affordability pressure, mixed school ratings, and limited parks/cafes may affect retention