| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 48th | Fair |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6167 Reseda Blvd, Tarzana, CA, 91335, US |
| Region / Metro | Tarzana |
| Year of Construction | 1976 |
| Units | 40 |
| Transaction Date | 1994-02-18 |
| Transaction Price | $109,000 |
| Buyer | LEIBOVITCH ERIC R |
| Seller | ZONIS ARNOLD G |
6167 Reseda Blvd, Tarzana CA Multifamily Investment
Neighborhood occupancy remains tight and renter demand is durable, according to WDSuite’s CRE market data, positioning this Tarzana asset for steady cash flow and disciplined rent management.
Tarzana’s Urban Core location provides daily convenience and a broad renter catchment. Amenity access is competitive among 1,441 Los Angeles–Long Beach–Glendale neighborhoods, with strong density of cafes and restaurants and solid grocery options, while park and pharmacy density are comparatively thin. For families, average school ratings in the area are in the top quartile nationally, reinforcing day‑to‑day livability for long‑term tenants.
For investors, neighborhood fundamentals signal stability: neighborhood occupancy is strong (measured at the neighborhood level, not the property), and housing performance benchmarks rank above metro medians. Renter-occupied share is elevated in the neighborhood, indicating depth in the tenant base and support for leasing velocity and retention.
Home values sit in the higher end nationally, reflecting a high-cost ownership market. In this context, multifamily product can capture households that favor renting, supporting pricing power and lease duration. At the same time, rent-to-income levels indicate manageable affordability pressure relative to regional norms, a positive indicator for renewal strategies.
Demographic statistics aggregated within a 3‑mile radius show modest population softening alongside an increase in total households and smaller household sizes over time. This mix typically sustains demand for rental units by expanding the number of households even as headcounts per household decline, a trend that can support occupancy stability and broaden the local renter pool.
Safety indicators compare favorably at the national level, with the neighborhood landing in higher national percentiles for lower violent and property offense rates. Recent year-over-year readings show sharp declines in estimated offense rates, suggesting an improving trend. As always, conditions can vary by block and over time, so investors should pair these neighborhood-scale readings with property-level diligence.
Proximity to established corporate offices anchors a diverse employment base that supports renter demand and commute convenience, notably in insurance, life sciences, energy, entertainment, and engineering—mirroring the employers listed below.
- Thermo Fisher Scientific — life sciences corporate offices (3.3 miles)
- Farmers Insurance Exchange — insurance corporate offices (3.8 miles) — HQ
- Occidental Petroleum — energy corporate offices (10.0 miles) — HQ
- Live Nation Entertainment — entertainment corporate offices (10.9 miles) — HQ
- AECOM — engineering & infrastructure corporate offices (10.9 miles) — HQ
6167 Reseda Blvd is a 1976-vintage, mid-size multifamily asset in Tarzana with neighborhood fundamentals that point to durable demand and solid leasing performance. High neighborhood occupancy and an elevated renter-occupied share indicate a deep tenant base, while nationally high home values create a high-cost ownership context that can sustain rental demand and support measured pricing power. Based on commercial real estate analysis from WDSuite, the surrounding area’s amenity access and top‑quartile school ratings strengthen long-term renter appeal.
The 1976 construction is older than the neighborhood’s average vintage, which may imply capital planning for systems, exterior, and interiors—but also presents clear value‑add potential to enhance competitiveness against newer stock. Within a 3‑mile radius, households are increasing even as average household size trends lower, a pattern that typically supports occupancy stability and a steady inflow of renter households over time.
- Tight neighborhood occupancy and elevated renter concentration support leasing stability
- High-cost homeownership market reinforces renter reliance and pricing power
- Household growth within 3 miles and smaller household sizes expand the tenant base
- 1976 vintage offers value‑add upside alongside prudent CapEx planning needs
- Limited park/pharmacy density is a local drawback to weigh against strong amenities and schools