| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 34th | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7940 Reseda Blvd, Reseda, CA, 91335, US |
| Region / Metro | Reseda |
| Year of Construction | 1978 |
| Units | 58 |
| Transaction Date | 2024-06-18 |
| Transaction Price | $17,600,000 |
| Buyer | HACIENDA INVESTORS LP |
| Seller | GRS INTERVIVOS TRUST |
7940 Reseda Blvd Reseda Multifamily Investment
Positioned in a renter-heavy Los Angeles neighborhood, the asset benefits from stable tenant demand and a high-cost ownership market, according to WDSuite s CRE market data. Neighborhood-level occupancy and rent fundamentals support steady operations without relying on outsized rent growth.
Reseda s Urban Core setting offers daily convenience attractive to workforce renters. Neighborhood amenity access is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 522 of 1,441), with strong proximity to groceries and pharmacies (both in higher national percentiles), while cafes and park space are less dense in the immediate area. For investors, this mix supports day-to-day livability and retention, even if lifestyle amenities skew more utilitarian than destination-oriented.
The area s housing stock skews similar in vintage to the broader neighborhood, which typically favors predictable operations and leasing positioning. Renter-occupied housing is a majority at the neighborhood level, indicating a deep tenant base that can support leasing velocity and renewal capture for multifamily assets.
Within a 3-mile radius, demographics show households trending upward while average household size is expected to edge lower over the next five years. This points to a larger count of households and a stable-to-expanding renter pool that can support occupancy and absorption for well-managed properties.
Home values in the neighborhood rate high relative to national peers, placing the area in a high-cost ownership market. That backdrop, combined with neighborhood-level rent-to-income metrics that are not extreme, suggests sustained reliance on multifamily housing with manageable retention risk an attractive setup for revenue stability from an investor perspective.
School ratings in the neighborhood track below national averages, which can modestly temper appeal for some family renters. Even so, the broader access to essentials and employment across the San Fernando Valley helps underpin steady multifamily demand.
Safety indicators compare favorably at the national level, with the neighborhood landing in the top quartile nationally on overall crime measures. According to CRE market data from WDSuite, both property and violent offense estimates show meaningful year-over-year declines, reinforcing an improving safety trend rather than a one-off fluctuation.
Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), local rankings can vary by category, so investors should evaluate block-by-block conditions during diligence. The headline takeaway is that recent trendlines point to improving conditions relative to national benchmarks, which supports renter retention and leasing stability.
Nearby employers span insurance, life sciences, media, and energy, supporting a diverse workforce renter base and commute-friendly housing demand for this pocket of the San Fernando Valley. The list below highlights major nearby offices and headquarters that anchor employment accessible from the property.
- 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 (12.0 miles) HQ
This 58-unit asset sits in a renter-oriented Reseda location where high ownership costs sustain reliance on multifamily housing. Based on CRE market data from WDSuite, neighborhood rent levels and occupancy track near broader metro norms, with grocery and pharmacy access supporting day-to-day livability that helps retention.
Forward-looking 3-mile demographics point to more households and smaller average household sizes, implying a broader tenant base for well-positioned units. While neighborhood school ratings and limited park/cafe density are considerations, the employment reach across the Valley and Westside corridors supports leasing depth.
- Renter-heavy neighborhood and high-cost ownership market support durable multifamily demand.
- Competitive access to daily needs (groceries, pharmacies) bolsters renewal prospects and occupancy stability.
- 3-mile outlook shows more households and smaller sizes, expanding the renter pool for appropriately positioned units.
- Diverse nearby employers across insurance, life sciences, media, and energy contribute to leasing depth.
- Risks: below-average school ratings, fewer lifestyle amenities (parks/cafes), and metro-level variability warrant focused asset management.