| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 48th | Fair |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6135 Reseda Blvd, Tarzana, CA, 91335, US |
| Region / Metro | Tarzana |
| Year of Construction | 1978 |
| Units | 24 |
| Transaction Date | 1999-03-19 |
| Transaction Price | $1,000,000 |
| Buyer | LEIBOVITCH ERIC R |
| Seller | CAISSON FINANCIAL INC |
6135 Reseda Blvd Tarzana Multifamily Investment
Neighborhood fundamentals point to steady renter demand and high occupancy, according to WDSuite’s CRE market data. Focus is on tenant retention and pricing discipline rather than outsized lease-up gains.
Tarzana’s Urban Core setting offers strong day-to-day convenience that supports leasing and retention. Cafes and restaurants are dense for Los Angeles standards (neighborhood cafes are in the top tier nationally), and grocery access is competitive, per WDSuite’s CRE market data. Average school ratings near 4.0 out of 5 place the neighborhood above many peers, an added draw for longer-term renters.
For investors, the local rental market signals stability. Neighborhood occupancy is elevated versus national norms, and the area’s renter-occupied share is high compared with other neighborhoods nationwide, indicating a deep tenant base. Median contract rents in the neighborhood sit above the U.S. average, so underwriting should emphasize affordability management and renewal strategies.
Within a 3-mile radius, households have grown even as total population edged lower, pointing to smaller household sizes and more households competing for units. Income levels have trended upward and are projected to continue rising, while rents are also forecast to increase. This combination can sustain demand for well-managed properties, but asset plans should account for potential affordability pressure to protect retention.
The property’s 1978 vintage is slightly older than the area’s average construction year. That typically implies near- to medium-term capital planning for systems and common areas, with potential value-add upside through targeted renovations to keep pace with newer stock.
Relative to neighborhoods nationwide, the area scores in the top quartile for overall safety, based on WDSuite neighborhood benchmarks. Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), it is competitive on crime incidence for its peer group rather than a clear outlier.
Recent year-over-year trends show notable declines in both property and violent offense rates locally, which is constructive for perception and leasing. As always, investors should validate block-level patterns during diligence and align security measures with resident expectations.
Nearby employment anchors span life sciences, insurance, energy, engineering, and entertainment—supporting a broad renter pool and commute convenience for residents. The list below reflects proximate corporate offices and headquarters relevant to workforce housing demand.
- Thermo Fisher Scientific — life sciences (3.3 miles)
- Farmers Insurance Exchange — insurance (3.8 miles) — HQ
- Occidental Petroleum — energy (10.0 miles) — HQ
- Live Nation Entertainment — entertainment (10.8 miles) — HQ
- AECOM — engineering & infrastructure (10.9 miles) — HQ
6135 Reseda Blvd is a 24-unit, mid-size asset positioned in a high-renter neighborhood with historically strong occupancy and solid day-to-day amenities. Elevated home values in the area tilt households toward multifamily, supporting a deeper tenant base and steadier renewals. The 1978 vintage suggests practical capex and selective renovation planning, creating scope for value-add execution against competitive product in Los Angeles. According to CRE market data from WDSuite, neighborhood occupancy trends and renter concentration compare favorably to national benchmarks, reinforcing a stability-oriented thesis.
Within a 3-mile radius, households are expanding amid smaller average household sizes, which can broaden the renter pool even as population growth softens. Income gains alongside rent growth projections point to ongoing demand for quality units, though underwriting should incorporate affordability and renewal management to preserve occupancy and cash flow resilience.
- High neighborhood occupancy and renter concentration support demand depth and renewal stability.
- Amenity-rich urban setting (food, cafes, grocery, schools) aids leasing velocity and resident retention.
- 1978 vintage offers value-add potential via targeted unit and systems upgrades with disciplined capex.
- Elevated ownership costs locally reinforce reliance on rental housing, supporting pricing power with careful lease management.
- Risks: soft regional population trend and affordability pressure require conservative underwriting and active renewal strategy.