| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 42nd | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7235 Baird Ave, Reseda, CA, 91335, US |
| Region / Metro | Reseda |
| Year of Construction | 1987 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7235 Baird Ave Reseda Multifamily Investment Opportunity
Neighborhood-level metrics point to steady occupancy and a deep renter-occupied base supporting demand, according to WDSuite’s CRE market data. Elevated ownership costs in Los Angeles County further reinforce reliance on rentals, favoring lease retention over time.
Reseda sits within the Los Angeles-Long Beach-Glendale metro and scores a B neighborhood rating with performance that is above the metro median (rank 666 of 1,441). Local livability caters to daily needs: pharmacies and childcare options are in the top percentiles nationally, and restaurants are dense relative to most neighborhoods. By contrast, parks and cafes are limited, which suggests residents rely more on broader Valley amenities for leisure.
For multifamily investors, the neighborhood’s occupancy trends are constructive: the neighborhood occupancy rate is competitive versus national norms, and the share of housing units that are renter-occupied is high for the U.S. This depth of renter concentration supports a larger tenant base and potential leasing stability at the neighborhood level.
Home values are elevated compared with most U.S. neighborhoods, indicating a high-cost ownership market that sustains rental demand and can support pricing power where unit quality and management are strong. At the same time, rent-to-income dynamics suggest some affordability pressure in the renter pool, which points to disciplined lease management and amenity positioning rather than aggressive rent pushes.
Demographic statistics aggregated within a 3-mile radius show household counts have been rising even as population edged lower, implying smaller household sizes and a broader spread of households across units. Forward-looking projections point to continued growth in households, which can expand the renter pool and support occupancy, even if overall population moderates.
The asset’s 1987 vintage is newer than the area’s typical housing stock from the late 1960s. That positioning can be competitive against older inventory, while still warranting attention to aging systems and selective renovations to sustain appeal and rent levels.
Neighborhood safety compares favorably in a metro context and is competitive among Los Angeles neighborhoods (top quartile nationally by composite crime measures). According to WDSuite’s neighborhood data, recent year-over-year trends indicate notable declines in both violent and property offense estimates, which is directionally supportive for renter sentiment and retention.
As always, crime can vary by block and over time; investors should focus on submarket and neighborhood trends rather than isolated incidents when underwriting.
Nearby corporate employment anchors help support renter demand through commute convenience. Key employers within a reasonable drive include Thermo Fisher Scientific, Farmers Insurance Exchange, Charter Communications, and Occidental Petroleum.
- Thermo Fisher Scientific — life sciences (3.6 miles)
- Farmers Insurance Exchange — insurance (3.9 miles) — HQ
- Charter Communications — telecommunications (11.1 miles)
- Occidental Petroleum — energy (11.2 miles) — HQ
7235 Baird Ave is a 38‑unit, mid-size multifamily asset with larger average unit sizes for the market segment. Based on CRE market data from WDSuite, the surrounding Reseda neighborhood shows above-median positioning in the metro, strong renter-occupied share, and occupancy that supports stable leasing. Elevated home values in the area reinforce ongoing reliance on rentals, while the property’s 1987 construction is newer than much of the local housing stock and can compete effectively with older inventory, provided capital plans address aging systems and targeted upgrades.
Within a 3-mile radius, household counts have increased and are projected to expand further even as population trends soften, implying smaller household sizes and a broader tenant base over time. This dynamic, coupled with proximity to diversified employment nodes, underpins demand; however, affordability pressure and uneven neighborhood amenities (limited parks/cafes) argue for careful rent setting and value-add that directly supports retention.
- Competitive vintage (1987) against older neighborhood stock, with clear value-add and systems-upgrade angles
- Neighborhood renter concentration and occupancy support leasing stability, per WDSuite data
- High-cost ownership market sustains rental demand and potential pricing power for well-positioned units
- 3-mile household growth and diversified employers expand the tenant base and support absorption
- Risks: rent-to-income pressure and uneven amenity mix require disciplined lease management and targeted upgrades