| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 48th | Fair |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6209 Reseda Blvd, Tarzana, CA, 91335, US |
| Region / Metro | Tarzana |
| Year of Construction | 1972 |
| Units | 52 |
| Transaction Date | 1998-02-26 |
| Transaction Price | $1,950,000 |
| Buyer | RESEDA VISTA ASSOCIATES LLC |
| Seller | SCHWARTZ ALAN K |
6209 Reseda Blvd Tarzana Multifamily Investment Opportunity
Neighborhood occupancy remains strong and renter demand is deep, supported by a high-cost ownership market, according to WDSuite’s CRE market data. This positions the asset for stable leasing in Tarzana without relying on aggressive assumptions from any single commercial real estate analysis.
The surrounding Tarzana neighborhood rates B+ and is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 468 out of 1,441), with occupancy measured at the neighborhood level trending in the upper range nationally. Amenities are extensive for daily needs: neighborhood-level data show strong concentrations of restaurants, groceries, and cafes, and average school ratings around the 84th percentile nationwide, reinforcing family appeal and weekday convenience.
Renter concentration is high, with a large share of housing units renter-occupied (95th percentile nationally). For investors, that depth of renter-occupied units signals a broad tenant base and supports leasing resilience through typical cycles. Median contract rents in the neighborhood sit above many U.S. areas (roughly 83rd percentile nationally), while rent-to-income ratios are lower than national norms, a combination that can support retention and disciplined rent management.
Home values benchmark near the 95th percentile nationally, indicating a high-cost ownership market that tends to reinforce reliance on multifamily housing. Within a 3-mile radius, recent trends show modest population contraction alongside an increase in households and smaller average household sizes; this pattern often expands the renter pool and supports occupancy stability. Based on CRE market data from WDSuite, overall neighborhood livability benefits from abundant childcare and retail access, even as park access is more limited locally.
Asset vintage context: The property was built in 1972, older than the neighborhood’s average 1983 construction year. That age profile typically warrants capital planning for systems and common areas, while offering potential value-add and repositioning upside versus newer competitors.
Neighborhood safety indicators compare favorably at the national level, landing in the top quartile nationwide. According to CRE market data from WDSuite, both violent and property offense estimates have shown notable year-over-year improvement, which supports leasing confidence without overstating block-level conditions.
As always, investors should evaluate property-specific security measures and insurer requirements, but at the neighborhood scale the area trends safer than many U.S. neighborhoods and has been improving recently.
The employment base nearby spans healthcare/life sciences and major corporate headquarters, supporting a wide range of renter household types and commute-friendly demand. The list below highlights proximate employers most relevant to tenant retention and leasing stability.
- 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 (10.9 miles) — HQ
- AECOM — engineering & design (11.0 miles) — HQ
6209 Reseda Blvd is a 52-unit asset in a renter-heavy Tarzana neighborhood where occupancy at the neighborhood level trends above national norms and homeownership costs rank high relative to the U.S., sustaining multifamily demand. The 1972 vintage suggests room for targeted value-add—modernizing interiors and building systems—to sharpen competitive positioning against newer stock while leveraging a broad tenant base. According to CRE market data from WDSuite, neighborhood rents benchmark above many U.S. areas but rent-to-income levels sit below national averages, a mix that can aid retention and disciplined pricing.
Within a 3-mile radius, households have increased and average household size has declined, even as population edged lower—conditions that typically expand the renter pool and support occupancy stability over time. Amenity access is strong for food, childcare, and daily needs, though park and pharmacy access are more limited, which is a consideration for marketing and resident experience strategies.
- Strong neighborhood occupancy and high renter-occupied share support stable leasing and depth of demand.
- High-cost ownership market reinforces reliance on rentals and can sustain pricing power.
- 1972 vintage provides value-add potential through unit and systems upgrades.
- Household growth with smaller sizes within 3 miles expands the renter pool and supports occupancy stability.
- Risk: limited nearby park/pharmacy access and older building systems require targeted capex and amenity strategy.