| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 34th | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8155 Reseda Blvd, Reseda, CA, 91335, US |
| Region / Metro | Reseda |
| Year of Construction | 1978 |
| Units | 38 |
| Transaction Date | 2007-07-20 |
| Transaction Price | $4,750,000 |
| Buyer | SYLVAN PROPERTIES LLC |
| Seller | CALIFORNIA VALLEY PROPETIES LLC |
8155 Reseda Blvd Reseda Multifamily Investment
This 38-unit property benefits from strong neighborhood-level rental fundamentals, with occupancy rates at 91.4% and above-average net operating income per unit according to CRE market data from WDSuite.
Located in Reseda's Urban Core environment, this neighborhood ranks in the top quartile nationally for housing metrics among 1,441 metro neighborhoods. The area maintains a 58.6% share of renter-occupied housing units, positioning it in the 93rd percentile nationwide for rental tenure concentration. Median contract rents of $1,764 have grown 35.6% over five years, reflecting sustained rental demand in this Los Angeles County submarket.
Built in 1978, the property aligns with the neighborhood's average construction year of 1977, suggesting consistent building stock that may present value-add renovation opportunities for investors seeking to modernize units. Demographics within a 3-mile radius show a stable tenant base with median household income of $90,630, while 48.5% of housing units remain renter-occupied, supporting multifamily demand fundamentals.
The neighborhood demonstrates strong essential service access, ranking in the 95th percentile nationally for grocery store density and 98th percentile for pharmacy access per square mile. This amenity concentration supports tenant retention and lease-up velocity. Home values averaging $724,091 with 74% appreciation over five years reinforce rental demand by limiting ownership accessibility, creating sustained reliance on rental housing options.
The neighborhood demonstrates improving safety trends, ranking 210th among 1,441 Los Angeles metro neighborhoods for overall crime metrics, placing it in the 81st percentile nationally. Property offense rates have declined significantly by 89.3% year-over-year, ranking in the 99th percentile nationally for crime reduction. Violent offense rates also decreased 91.9% annually, indicating positive momentum in neighborhood security conditions that support tenant retention and property values.
The surrounding employment base includes major corporate offices within commuting distance, supporting workforce housing demand from professional tenants in insurance, biotechnology, and entertainment sectors.
- Thermo Fisher Scientific — biotechnology and life sciences (4.3 miles)
- Farmers Insurance Exchange — insurance services (4.4 miles) — HQ
- Charter Communications — telecommunications (11.1 miles)
- Disney — entertainment and media (12.9 miles) — HQ
This 38-unit property offers stable cash flow fundamentals in a neighborhood demonstrating above-average performance across key multifamily metrics. Net operating income per unit averages $14,958, ranking in the 94th percentile nationally among comparable neighborhoods. The 1978 construction year presents value-add renovation opportunities to capture upside in a market where median rents have grown over 35% in five years.
Demographics within a 3-mile radius project household income growth of 39.8% through 2028, supporting rent escalation potential. The high concentration of renter-occupied units (58.6%) and limited ownership accessibility due to elevated home values sustain rental demand fundamentals. However, investors should consider the below-average school ratings and modest population growth projections when evaluating long-term tenant demographics.
- Strong NOI performance ranking in 94th percentile nationally
- Value-add potential from 1978 vintage with renovation upside
- High rental tenure concentration supporting occupancy stability
- Risk consideration: Below-average school ratings may limit family tenant appeal