| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 69th | Good |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5900 Reseda Blvd, Tarzana, CA, 91356, US |
| Region / Metro | Tarzana |
| Year of Construction | 1976 |
| Units | 40 |
| Transaction Date | 2005-02-06 |
| Transaction Price | $4,800,000 |
| Buyer | 5900 RESEDA LP |
| Seller | SUSSEX CAPITAL GROUP LLC |
5900 Reseda Blvd Tarzana Multifamily Investment
Neighborhood-level occupancy remains firm and renter demand is supported by a high renter-occupied share, according to WDSuite’s CRE market data. Investors screening Los Angeles assets may find stable leasing dynamics with room for selective value-add to compete against nearby product.
Tarzana’s immediate neighborhood scores an A and ranks 193 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods, placing it in the top quartile locally. Neighborhood occupancy is strong at the area level and competitive among Los Angeles-Long Beach-Glendale neighborhoods, and it sits in the top quartile nationally for occupancy, per WDSuite. This supports steady cash flow potential for multifamily, though pricing power will still depend on asset condition and management.
Everyday amenities are a relative strength: neighborhood access to groceries and pharmacies sits in high national percentiles, and restaurants and cafes are also above national norms. Park access is limited within the neighborhood, which can be offset by on-site amenities or connectivity to private outdoor space. Average school ratings are around the middle of the pack nationally, which helps broaden the tenant base without commanding top-tier family premiums.
The renter-occupied share of housing units in the neighborhood is elevated (roughly six in ten), indicating depth in the tenant pool and supporting leasing stability through cycles. Meanwhile, a 3-mile radius shows households have increased over the last five years with projections for further household growth even as population trends modestly contract — a pattern consistent with smaller household sizes. For investors, this points to a larger tenant base and sustained demand for rental units.
Home values in the neighborhood are high relative to most U.S. areas, which tends to reinforce reliance on multifamily rentals and can aid retention. Rent-to-income levels track lower than many U.S. neighborhoods, suggesting manageable affordability pressure that supports renewals. These dynamics, combined with amenity density and an Urban Core setting, create a balanced case for long-run leasing performance backed by data-driven commercial real estate analysis from WDSuite.
Safety indicators compare favorably to many U.S. neighborhoods overall, with the area landing in a higher national percentile for crime safety. Recent trends also show notable year-over-year reductions in both violent and property offense rates, placing the neighborhood among the stronger improvers nationally. As with all micro-locations in Los Angeles, conditions can vary block to block; investors should consider property-level measures and management practices alongside neighborhood trends.
Proximity to diversified employers supports a broad workforce renter base and commute convenience. Nearby anchors include biotech, insurance, energy, entertainment, and engineering firms that can help stabilize leasing across cycles.
- Thermo Fisher Scientific — biotech manufacturing (3.3 miles)
- Farmers Insurance Exchange — insurance (3.8 miles) — HQ
- Occidental Petroleum — energy (9.7 miles) — HQ
- Live Nation Entertainment — entertainment (10.6 miles) — HQ
- AECOM — engineering & infrastructure (10.7 miles) — HQ
This 40-unit asset in Tarzana benefits from a neighborhood that ranks in the top quartile among 1,441 metro neighborhoods and maintains high national-percentile occupancy. A high renter-occupied share at the neighborhood level points to demand depth, while a 3-mile view shows rising household counts and smaller household sizes — conditions that typically expand the renter pool and support occupancy stability. Elevated ownership costs in the area further sustain reliance on multifamily housing, aiding retention and leasing velocity.
According to CRE market data from WDSuite, the neighborhood’s amenity access outperforms national norms, while rent-to-income levels are lower than many U.S. areas, indicating manageable affordability pressure and potential for steady renewals. Investors should weigh positives against localized considerations such as limited park access and the need to keep 1970s-vintage assets competitive through targeted upgrades and systems modernization if warranted.
- Top-quartile neighborhood standing and competitive occupancy support stable leasing
- High renter-occupied share indicates depth of tenant demand
- Amenity-rich Urban Core location with strong grocery, pharmacy, and dining access
- Lower rent-to-income levels vs. many U.S. areas aid renewal and retention strategies
- Risks: limited park access and potential capex to keep 1970s product competitive