| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 34th | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7918 Reseda Blvd, Reseda, CA, 91335, US |
| Region / Metro | Reseda |
| Year of Construction | 1987 |
| Units | 42 |
| Transaction Date | 2012-08-02 |
| Transaction Price | $6,800,068 |
| Buyer | 7918 RESEDA BLVD APARTMENTS OWNER LLC |
| Seller | EGF RESEDA LLC |
7918 Reseda Blvd, Reseda CA Multifamily Investment
Stable renter demand in an Urban Core pocket of the San Fernando Valley, supported by a high neighborhood renter-occupied share and elevated ownership costs, according to WDSuite’s CRE market data.
The property sits in a Los Angeles-Long Beach-Glendale metro neighborhood rated B- and competitive among Los Angeles neighborhoods (ranked 753 of 1,441), offering investors balanced fundamentals rather than a momentum outlier. Neighborhood occupancy trends track near the national midpoint, which typically supports steady leasing without outsized volatility for mid-size assets.
Daily convenience is a relative strength: grocery and pharmacy access score well (both in high national percentiles), while formal parks and café density are limited. Average school ratings are lower versus national peers, which can influence tenant mix but does not preclude strong workforce housing demand in this part of the Valley.
Renter concentration is elevated (58.6% of housing units are renter-occupied), indicating a deeper tenant base for multifamily. Median home values sit in a high-cost ownership market relative to the nation, which tends to sustain reliance on rentals and can support pricing power and retention for well-managed properties.
Within a 3-mile radius, households have grown recently and are projected to increase further even as average household size declines—an investor-relevant setup that can expand the renter pool and support occupancy stability over time. Neighborhood NOI per unit ranks in the top quartile nationally, according to WDSuite’s multifamily property research, underscoring the area’s income-generating profile for stabilized assets.
Vintage context: built in 1987 versus a neighborhood average year of 1977, the asset is newer than much of the surrounding stock, supporting competitive positioning. Investors should still plan for selective system upgrades or modernization to meet current renter preferences.
Safety signals are mixed but trending positively in context. The neighborhood performs in a stronger national tier for overall safety, and recent WDSuite indicators show estimated property and violent offense rates declining sharply year over year—an encouraging directional trend for long-term leasing stability. As always, block-level conditions vary within large metros like Los Angeles; investors should pair these metro-relative insights with on-the-ground diligence.
Proximity to diversified employers supports a broad renter base and commute convenience, notably in insurance, life sciences, media, and energy. Nearby anchors include Thermo Fisher Scientific, Farmers Insurance, Charter Communications, Radio Disney, and Occidental Petroleum.
- Thermo Fisher Scientific — life sciences (4.2 miles)
- Farmers Insurance Exchange — insurance (4.3 miles) — HQ
- Charter Communications — telecommunications (11.0 miles)
- Radio Disney — media (11.9 miles)
- Occidental Petroleum — energy (11.9 miles) — HQ
This 42-unit asset with larger average floor plans (~1,075 sf) benefits from an Urban Core location where renter demand is reinforced by a high renter-occupied share and a high-cost ownership landscape. Built in 1987, it is newer than the neighborhood’s typical vintage, offering relative competitiveness versus older stock while leaving room for targeted updates to enhance performance.
According to CRE market data from WDSuite, neighborhood occupancy sits near national norms while income performance trends are strong at the neighborhood level, and within a 3-mile radius households are expanding as average household size declines—conditions that can support a larger tenant base and steady absorption. Elevated grocery and pharmacy access adds livability for retention, though limited parks/café density and softer school ratings warrant underwriting discipline.
- Newer 1987 vintage versus local average, with potential for targeted modernization to drive rentability
- High renter-occupied share and costly ownership market reinforce depth of the tenant base
- Household growth within 3 miles and strong neighborhood income metrics support occupancy stability
- Convenience advantages (grocery/pharmacy access) aid retention and leasing velocity
- Risks: limited park/café density, below-average school ratings, and typical capex needs for late-1980s systems