8135 Reseda is a well-located Northridge multifamily property that offered investors a rare combination of rent control exemption, immediate cash flow, and value-add upside in a high-demand San Fernando Valley submarket. Located directly across from Dignity Health Northridge Hospital and just two miles from California State University, Northridge (CSUN), the 10-unit asset benefits from strong proximity to major employment and educational anchors.

Built outside the jurisdiction of Los Angeles’ Rent Stabilization Ordinance, 8135 Reseda Blvd falls under California’s AB-1482, allowing for annual rent increases of 5% plus CPI (currently 8.8%)—a meaningful advantage over more tightly regulated multifamily properties in the region. At the time of sale, the asset was offered at $250,000 per unit and $271 per square foot, with in-place income generating a 5.45% CAP and 11.87 GRM. Market comps supported approximately 25% rental upside, with pro forma projections reaching a 7.44% CAP and 9.56 GRM upon renovation and stabilization.

The unit mix and configuration are designed for operational efficiency, and the property’s location—just south of Roscoe Boulevard—offers tenants quick access to daily retail, medical services, and public transit. Northridge Hospital employs approximately 2,000 people, and CSUN supports a population of over 38,000 students, making this a consistently sought-after rental pocket.

8135 Reseda could be acquired as a standalone investment or paired with a nearby 6-unit opportunity at 14245 Roscoe Blvd, located just one mile from The Plant and 0.3 miles from Panorama Mall.

For multifamily buyers targeting long-term income growth, operational flexibility, and a location surrounded by stable demand drivers, this Northridge multifamily property delivered on all fronts.