| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 69th | Good |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5680 Reseda Blvd, Tarzana, CA, 91356, US |
| Region / Metro | Tarzana |
| Year of Construction | 1976 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5680 Reseda Blvd Tarzana Multifamily Investment
Neighborhood occupancy is elevated with a sizable renter base, according to WDSuite’s CRE market data, indicating potential for stable leasing dynamics at this Tarzana address.
Positioned in Tarzana’s Urban Core, the neighborhood ranks in the top quartile among 1,441 Los Angeles–Long Beach–Glendale metro neighborhoods (A-rated), signaling strong location fundamentals for workforce and professional renters. Neighborhood occupancy is above national norms and competitive among Los Angeles–Long Beach–Glendale neighborhoods, a constructive backdrop for sustaining rent rolls through cycles.
Local amenity density is a differentiator: high national percentiles for groceries, pharmacies, cafes, and restaurants support day-to-day convenience and resident retention. Average school ratings in the area sit modestly above national medians, offering basic family appeal without being the primary demand driver.
The share of housing units that are renter-occupied in the neighborhood is high, which points to a deep tenant pool and supports absorption and renewal velocity for multifamily assets. Elevated home values relative to incomes create a high-cost ownership market that tends to reinforce reliance on rental housing, supporting pricing power when leases turn.
Within a 3-mile radius, demographics indicate a small population contraction over the past five years while household counts increased and are projected to grow further alongside smaller average household sizes. For investors, this pattern suggests a larger number of smaller households and continued renter pool expansion, which can support occupancy stability and steady leasing even as population trends shift.
Relative to the metro, the neighborhood’s crime profile is better than many Los Angeles–Long Beach–Glendale areas, and it sits above the national median for safety (higher percentile indicates safer versus U.S. neighborhoods). Recent data also show notable year-over-year declines in both violent and property offenses, according to WDSuite’s CRE market data, which supports a more predictable operating environment for multifamily assets.
Proximity to a diversified employment base supports renter demand and commute convenience, notably in life sciences, insurance, energy, entertainment, and engineering. The following nearby employers underpin leasing resilience for workforce and professional tenants.
- Thermo Fisher Scientific — life sciences equipment (3.36 miles)
- Farmers Insurance Exchange — insurance (3.88 miles) — HQ
- Occidental Petroleum — energy (9.53 miles) — HQ
- Live Nation Entertainment — entertainment (10.47 miles) — HQ
- AECOM — engineering & infrastructure (10.49 miles) — HQ
Built in 1976, the asset is slightly newer than the neighborhood average vintage, offering relative competitiveness versus older stock while still presenting practical value-add opportunities through unit and systems modernization. Neighborhood occupancy trends are strong and renter concentration is high, creating a deeper tenant base and supporting rent collections relative to many metro peers.
Within a 3-mile radius, a modest decline in population alongside an increase in household counts and shrinking household sizes points to a rising number of smaller households and sustained renter demand. Elevated ownership costs in the area help reinforce reliance on multifamily housing, while amenity density supports retention. According to WDSuite’s commercial real estate analysis, the submarket’s fundamentals are consistent with steady leasing and operational durability, with lease management needed where rent-to-income pressures emerge.
- Strong neighborhood occupancy and deep renter base support leasing stability
- 1976 vintage with value-add/modernization upside relative to older nearby stock
- Amenity-rich location aids retention and day-to-day renter convenience
- Household growth and smaller household sizes (3-mile radius) expand the renter pool
- Risk: limited park access and pockets of affordability pressure require disciplined lease management