| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 42nd | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7300 Baird Ave, Reseda, CA, 91335, US |
| Region / Metro | Reseda |
| Year of Construction | 1990 |
| Units | 29 |
| Transaction Date | 2012-08-28 |
| Transaction Price | $340,000 |
| Buyer | BALYAN HARUTYUN |
| Seller | AMERICAN CAPITAL INVESTMENTS INC |
7300 Baird Ave, Reseda Multifamily Investment
Neighborhood fundamentals point to stable renter demand and above-median occupancy, according to WDSuites CRE market data, positioning this 29-unit asset for durable performance within Los Angeles 2dLong Beach 2dGlendale.
Situated in Reseda within the Los Angeles metro, the neighborhood scores a B and ranks 666 out of 1,441 metro neighborhoods, indicating competitive positioning among Los Angeles 2dLong Beach 2dGlendale submarkets. The area 27s amenity access ranks 509 of 1,441 (competitive among LA neighborhoods) and sits in the 63rd percentile nationally, reflecting solid daily 2dneeds coverage rather than destination retail. Restaurants are dense (96th percentile nationally) and grocery and pharmacy access are strong (87th and 98th percentiles), while parks and cafes are limited within the immediate neighborhood footprint.
For multifamily leasing, the neighborhood 27s occupancy is 94.3% (67th percentile nationally), a constructive signal for stability versus wider benchmarks. Renter 2doccupied housing constitutes 56.7% of units, indicating a deep tenant base that supports absorption and renewal activity; this is a neighborhood 2dlevel tenure metric, not specific to the property. Median contract rents track in the upper national percentiles, consistent with Los Angeles 2darea pricing power.
Demographic statistics aggregated within a 3 2dmile radius show modest population contraction alongside growth in household count historically, with further household gains projected and smaller average household sizes. This combination typically expands the renter pool and supports occupancy stability, even as the population base reshuffles by age cohort. Median household incomes have trended upward, helping to sustain demand for well 2dlocated workforce and market 2drate units.
Home values in the neighborhood are elevated relative to national norms, reinforcing reliance on multifamily housing and supporting tenant retention. The rent 2dto 2dincome ratio near the neighborhood level suggests some affordability pressure, warranting disciplined lease management; however, above 2dmedian occupancy and a sizable renter concentration provide counterbalance for investors evaluating renewal risk.
Vintage is a relative advantage: with an average neighborhood construction year of 1968, a 1990 build like this property is newer than much of the competitive stock. That generally aids leasing competitiveness while still leaving room for selective modernization (systems, common areas, or unit interiors) to capture value 2dadd upside.
Safety trends are balanced to favorable in a metro context. The neighborhood sits around the 77th percentile nationally for overall crime safety, indicating stronger safety than many areas nationwide. Recent year 2dover 2dyear estimates indicate notable declines in both violent and property offenses, which, while neighborhood 2dlevel and not block specific, point to improving conditions that can support resident retention.
Within the Los Angeles 2dLong Beach 2dGlendale metro, the neighborhood ranks 327 out of 1,441 for crime, placing it competitive among LA neighborhoods rather than at either extreme. As always, investors should underwrite with current comps and property 2dspecific measures in mind.
Nearby corporate employers help underpin renter demand and commute convenience, led by Thermo Fisher Scientific, Farmers Insurance Exchange, Charter Communications, and headquarters operations for Occidental Petroleum. Proximity to these nodes can support leasing velocity and renewal stability.
- Thermo Fisher Scientific corporate offices (3.7 miles)
- Farmers Insurance Exchange corporate offices (3.9 miles) HQ
- Thermo Fisher Scientific corporate offices (5.2 miles)
- Charter Communications corporate offices (11.0 miles)
- Occidental Petroleum corporate offices (11.3 miles) HQ
This 29 2dunit, 1990 2dbuilt asset benefits from neighborhood occupancy of 94.3% and a renter 2doccupied share of 56.7% at the neighborhood level, signaling depth of tenant demand and renewal potential versus broader benchmarks. Elevated ownership costs locally tend to reinforce multifamily demand, while 3 2dmile demographic patterns show rising household counts and smaller household sizes, expanding the renter pool even as population growth is mixed. According to CRE market data from WDSuite, the neighborhood 27s income and amenity profile is competitive for Los Angeles, with restaurants, groceries, and pharmacies testing well above national norms.
The 1990 vintage is newer than the local average stock, helping the property compete on fundamentals while leaving room for targeted value 2dadd through modernization and common 2darea upgrades. Investors should underwrite affordability management given rent 2dto 2dincome dynamics and monitor school performance and limited park/cafe density as potential leasing considerations.
- Above 2dmedian neighborhood occupancy and sizable renter concentration support leasing stability
- 1990 construction offers competitive positioning versus older local stock with value 2dadd potential
- Elevated ownership costs sustain multifamily demand and tenant retention potential
- Strong daily 2dneeds access (restaurants, groceries, pharmacies) supports resident convenience
- Risks: affordability pressure (rent 2dto 2dincome), average school ratings, and limited parks/cafes warrant active management