| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 34th | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8111 Reseda Blvd, Reseda, CA, 91335, US |
| Region / Metro | Reseda |
| Year of Construction | 1976 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8111 Reseda Blvd Reseda Multifamily Investment
Workforce-oriented demand is supported by a majority renter-occupied neighborhood and stable leasing patterns, according to WDSuite’s CRE market data. Investors should view this as a cash flow-focused asset in a high-cost ownership market that helps sustain rental reliance.
Reseda’s Urban Core setting offers everyday convenience that supports renter retention. Neighborhood amenity access skews toward essentials, with groceries and pharmacies performing in the top quartile nationally, while cafes and park acreage are comparatively limited. For investors, this mix favors daily-needs convenience over lifestyle amenities, which can help stabilize tenancy but may limit premiums tied to boutique retail or open-space adjacency.
Multifamily fundamentals are anchored by a high renter concentration (renter-occupied share is elevated versus national norms), indicating a deep tenant base for an 84-unit asset. Neighborhood occupancy sits around the national midpoint, suggesting steady lease-up and renewal potential rather than outsized pricing power. Median contract rents are above national levels, and median home values are also elevated, which tends to reinforce reliance on rental housing and supports retention strategies.
The property’s 1976 vintage is slightly older than the neighborhood’s average construction year, pointing to potential value-add through targeted renovations and systems upgrades. This positioning can be advantageous where competitive stock includes late-1970s properties, provided capital plans address modernization that supports rent attainment.
Within a 3-mile radius, demographic data show modest population attrition alongside growth in household counts and rising incomes. Forward-looking projections indicate smaller average household sizes and a notable increase in total households, which can expand the renter pool even if population eases, reinforcing occupancy stability for well-managed product. These dynamics, based on CRE market data from WDSuite, point to durable, needs-based demand with measured rent growth expectations.
Safety indicators compare favorably at the national level, with recent data showing above-average standing and notable year-over-year improvement in both property and violent offense trends. While conditions can vary by block and over time, the broader neighborhood trajectory suggests incremental strengthening relative to national benchmarks.
Within the Los Angeles-Long Beach-Glendale metro, some neighborhoods outperform on safety, but the area’s improving trends are constructive for tenant retention and day-to-day livability. Investors should underwrite with standard operational precautions and rely on current, property-level security and management practices to sustain performance.
Nearby corporate offices create a diversified employment base that supports leasing durability and commute convenience for renters, including positions in life sciences, insurance, media, and energy. The following employers are among the closest demand drivers.
- Thermo Fisher Scientific — life sciences (4.3 miles)
- Farmers Insurance Exchange — insurance (4.4 miles) — HQ
- Charter Communications — telecommunications (11.1 miles)
- Radio Disney — media (12.0 miles)
- Occidental Petroleum — energy (12.2 miles) — HQ
8111 Reseda Blvd offers a scale-efficient 84-unit footprint in a renter-heavy neighborhood where daily-needs amenities, elevated home values, and above-national median rents point to steady, needs-based demand. Neighborhood occupancy trends are roughly around the national midpoint, implying reliable lease stability with prudent rent growth assumptions rather than outsized upside. The 1976 vintage presents a practical avenue for value-add through interior updates and building systems, which can sharpen competitive positioning against similarly dated stock.
Within a 3-mile radius, household counts have increased even as population growth has softened, and projections call for further household expansion with smaller household sizes—dynamics that typically broaden the tenant base and support occupancy. Rising household incomes and a high-cost ownership market reinforce renter reliance on multifamily housing. According to commercial real estate analysis from WDSuite, NOI per unit in the neighborhood is competitive at a national level, underscoring the area’s potential for durable cash flow with thoughtful capital planning.
- Renter-heavy neighborhood supports depth of demand and renewal stability
- Daily-needs amenities (groceries/pharmacies) bolster livability and retention
- 1976 vintage provides actionable value-add and systems upgrade potential
- Household growth and rising incomes expand the renter pool over time
- Risk: softer population trend and limited parks/cafes may temper premium rent growth