| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 69th | Good |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5809 Reseda Blvd, Tarzana, CA, 91356, US |
| Region / Metro | Tarzana |
| Year of Construction | 1977 |
| Units | 38 |
| Transaction Date | 1994-03-17 |
| Transaction Price | $1,525,000 |
| Buyer | STATE STREET BANK & TRUST COMPANY |
| Seller | INTERSTATE TRUST DEED SERVICE INC |
5809 Reseda Blvd, Tarzana CA Multifamily Investment
Neighborhood occupancy remains strong and renter demand is deep, according to WDSuite’s CRE market data, supporting stable operations for a 1977 mid-size asset. Investors should view this as a cash-flow oriented location with room for value-add improvements to enhance competitiveness.
Tarzana’s urban core location delivers daily convenience: neighborhood data shows dense access to groceries, pharmacies, cafes, and dining, which helps with resident retention and leasing velocity. While park access within the immediate neighborhood is limited, the amenity mix skews toward everyday services and eateries that typically support multifamily living.
The neighborhood carries an A rating and ranks 193 out of 1,441 Los Angeles metro neighborhoods, placing it in the top quartile metro-wide. For investors, that signals competitive fundamentals relative to many Los Angeles submarkets without relying on destination amenities.
Multifamily demand indicators are constructive: neighborhood occupancy is high and has trended upward over the last five years, and renter-occupied housing comprises a sizable share of units, reinforcing depth of the tenant base and supporting occupancy stability. Elevated home values in the area indicate a high-cost ownership market, which tends to sustain reliance on rental housing and can support pricing power when managed with attention to retention risk.
Within a 3-mile radius, households have increased while average household size has edged lower, pointing to more, smaller households and a broader renter pool over time. Forward-looking projections indicate additional household growth, which can underpin leasing and renewal traction for well-positioned properties.
Vintage and competitive positioning: The asset’s 1977 construction is slightly newer than the neighborhood’s average vintage. That positioning can be advantageous versus older stock, though investors should plan for selective modernization and systems upgrades to sustain rent competitiveness.
Schools: Average school ratings nearby are moderate rather than a clear draw; they neither materially enhance nor detract from fundamentals, but they suggest that demand is more driven by location convenience, services, and employment access than by school-driven migration.
Safety metrics benchmark favorably in context: the neighborhood ranks 345 out of 1,441 metro neighborhoods for crime, placing it in the top quartile among Los Angeles neighborhoods and above many urban peers nationally. Recent trend data also indicates year-over-year declines in both property and violent offense estimates, which supports renter confidence and lease retention.
These are neighborhood-level readings rather than property-specific conditions, and performance can vary by block and over time. Investors should still apply standard diligence, but the comparative positioning suggests a supportive backdrop versus many metro-urban locations.
Proximity to major corporate employers supports a broad white-collar tenant base and commute convenience, underpinning leasing stability for workforce and professional renters. Nearby anchors include Thermo Fisher Scientific, Farmers Insurance Exchange, Occidental Petroleum, Live Nation Entertainment, and AECOM.
- Thermo Fisher Scientific — life sciences (3.3 miles)
- Farmers Insurance Exchange — insurance (3.8 miles) — HQ
- Occidental Petroleum — energy (9.6 miles) — HQ
- Live Nation Entertainment — entertainment (10.6 miles) — HQ
- AECOM — engineering & infrastructure (10.6 miles) — HQ
5809 Reseda Blvd offers a mid-size, 38-unit footprint in an A-rated Tarzana neighborhood where occupancy remains elevated and renter concentration is substantial, supporting durable demand. Elevated ownership costs locally reinforce reliance on multifamily housing, while strong everyday amenities and corporate employment access sustain leasing and retention. According to CRE market data from WDSuite, neighborhood-level occupancy is above many metro peers, aligning with a cash-flow profile that can be enhanced through targeted upgrades.
The 1977 vintage is slightly newer than the neighborhood average, providing relative competitiveness against older stock, though investors should budget for modernization and system updates typical of assets from this era. Within a 3-mile radius, household counts have grown and are projected to rise further, indicating a larger renter base even as average household size trends lower—conditions that can support occupancy stability and measured rent growth.
- Strong neighborhood positioning (top quartile metro rank) with sustained renter demand
- Elevated ownership costs support reliance on rentals and pricing power
- Household growth within 3 miles expands the tenant base over time
- 1977 vintage offers value-add potential through selective modernization
- Risks: limited park access, aging systems capex, and population shifts warrant active asset management