| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 42nd | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7249 N Baird Ave, Reseda, CA, 91335, US |
| Region / Metro | Reseda |
| Year of Construction | 1989 |
| Units | 27 |
| Transaction Date | 2018-03-16 |
| Transaction Price | $6,314,893 |
| Buyer | Robert Tamkin |
| Seller | Robert Garfield |
7249 N Baird Ave Reseda Multifamily Investment
Neighborhood occupancy trends and a majority renter-occupied housing base signal durable demand for units in Reseda, according to WDSuite’s CRE market data. The property’s Valley location supports steady leasing fundamentals relative to the broader Los Angeles metro.
Reseda’s neighborhood profile shows balanced fundamentals for workforce-oriented rentals. Neighborhood occupancy is above the national median with steady performance, and the area’s renter concentration (measured as the share of housing units that are renter-occupied) supports a deeper tenant pool and more consistent absorption for small and mid-size assets.
Amenity access is strongest for daily needs: pharmacies and childcare facilities rank in the high end nationally, and restaurant density is competitive among Los Angeles neighborhoods (ranked against 1,441 neighborhoods). By contrast, parks and cafés are limited within the immediate neighborhood footprint, which investors should consider when positioning amenities on-site to enhance resident value.
Within a 3-mile radius, households have grown even as overall population edged down, indicating smaller household sizes and a potential broadening of the renter base over time. Median incomes are solid for the Valley, and rents have trended upward in recent years; this supports pricing power but also calls for attentive lease management where rent-to-income ratios indicate some affordability pressure.
The 1989 construction is newer than the neighborhood’s average vintage from the late 1960s, positioning the property as relatively competitive versus older local stock. Investors should still plan for selective modernization and system upgrades typical for late-1980s assets to support retention and rental upside.
Safety indicators are generally favorable in a national context, landing in the top quartile compared with neighborhoods nationwide. Recent data also points to meaningful year-over-year declines in both violent and property offense estimates. Conditions vary by block and over time, so investors typically validate micro-location risks with current comps and management insights for Los Angeles (benchmarked against 1,441 metro neighborhoods).
The employment base nearby includes life sciences, insurance, telecom, and energy, which supports commute convenience and renter demand for workforce housing. The list below highlights notable employers within a short drive that can underpin leasing stability.
- 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
7249 N Baird Ave combines resilient neighborhood demand drivers with a competitive late-1980s vintage. The surrounding area shows above-median occupancy and a majority of housing units renter-occupied, supporting a stable tenant base and consistent leasing. High-cost ownership conditions in the Valley reinforce reliance on multifamily rentals, while neighborhood operating performance is competitive versus national benchmarks, according to commercial real estate analysis from WDSuite.
Within a 3-mile radius, households are increasing even as population trends modestly lower, pointing to smaller household sizes and a larger addressable renter pool. Rents have been rising and are forecast to continue upward, which can support revenue growth if paired with careful affordability and retention management. The 1989 construction should offer an edge against older local stock, with targeted modernization creating potential value-add upside.
- Above-median neighborhood occupancy and renter concentration support stable leasing
- 1989 vintage is newer than area average, with renovation upside for late-’80s systems
- High-cost ownership market in the Valley sustains multifamily demand and pricing power
- Household growth within 3 miles expands the tenant base despite modest population drift
- Risks: affordability pressure and limited nearby parks/cafés require proactive lease and amenity strategy