8135 Reseda Blvd is a well-positioned Northridge multifamily property offering a rare combination of rent control exemption, immediate cash flow, and clear value-add upside in one of the San Fernando Valley’s most durable rental pockets. The 10-unit asset is located directly across from Dignity Health Northridge Hospital and approximately 2 miles from California State University, Northridge, placing it at the center of two of the area’s largest and most stable demand drivers.

Constructed outside the jurisdiction of the City of Los Angeles Rent Stabilization Ordinance, 8135 Reseda Blvd is governed by California AB 1482, allowing for annual rent increases of 5% plus CPI, currently totaling 8.8% (buyer to verify). This regulatory flexibility provides a meaningful advantage relative to nearby assets subject to stricter rent control and supports long-term income growth.

Income Profile and Value-Add Upside at 8135 Reseda Blvd

At the time of sale, 8135 Reseda Blvd was priced at $250,000 per unit and $271 per SF, with in-place income producing a 5.45% CAP and 11.87 GRM. Market data for renovated units in the immediate Northridge submarket supported approx. 25% rental upside, with projected stabilization reaching a 7.44% CAP and 9.56 GRM.

This spread between current performance and market rents created a clear path to NOI growth through targeted interior upgrades and operational optimization, without relying on aggressive assumptions or redevelopment risk. The combination of current yield and upside potential made 8135 Reseda Blvd attractive to both value-add investors and long-term holders seeking predictable performance.

Location-Driven Rental Demand in Northridge

8135 Reseda Blvd benefits from a location that consistently attracts tenants tied to healthcare, education, and surrounding retail employment. Dignity Health Northridge Hospital, located directly across the street, employs approx. 2,000 people and provides a steady base of professional renters seeking nearby housing. California State University, Northridge, with an enrollment exceeding 38,000 students, further reinforces long-term rental demand in the area.

Positioned just south of Roscoe Blvd, the property offers convenient access to neighborhood retail, dining, medical services, and public transit. This central Northridge location supports stable occupancy across market cycles and reduces leasing friction relative to more peripheral Valley submarkets.

Portfolio Flexibility and Adjacent Investment Opportunity

8135 Reseda Blvd also presented optional scale for buyers seeking to expand their footprint in the Northridge and Panorama City area. The asset could be acquired as a standalone investment or paired with a nearby 6-unit property at 14245 Roscoe Blvd, located approx. 1 mile from The Plant and 0.3 miles from Panorama Mall. This proximity created operational efficiencies and portfolio synergies for buyers pursuing clustered ownership.

Conclusion and Transaction Outcome

8135 Reseda Blvd represents the type of Northridge multifamily asset that continues to outperform over time: rent control exemption, immediate cash flow, measurable upside, and proximity to institutional demand drivers that anchor tenant demand. The combination of regulatory flexibility, location, and financial profile positioned the property as a compelling long-term investment in a supply-constrained Valley submarket.

To see how 8135 Reseda Blvd was positioned, marketed, and successfully executed from launch to closing, view the full 8135 Reseda Blvd success story, which outlines the strategy, buyer profile, and transaction outcome in detail.