Reseda Boulevard — Four Closings, Seven Years, and a Per-Unit Price That Doubled

Updated August 25, 2026

Most price-trend commentary compares different buildings in different places and calls the difference a market move. This is the rare case where that objection does not apply. Four closings, 474 units, $87,550,000 in total, all on one boulevard, all through this desk:

Building	Units	Price	Per unit	Closed
7722 Reseda Boulevard	138	$14,500,000	$105,072	May 2013
6262–6322 Reseda Blvd	118	$22,000,000	$186,441	July 2015
6425 Reseda Blvd	100	$23,950,000	$239,500	May 2019
6262–6322 Reseda Blvd	118	$27,100,000	$229,661	October 2020

The headline: $105,072 to $239,500 in six years

Between May 2013 and May 2019, per-unit pricing on this boulevard went from $105,072 to $239,500 — 2.3 times, on comparable large buildings a short distance apart. That is a stronger read on the Valley's expansion than any index, because the location variable is almost entirely removed.

The line that matters more: the same building, twice

6262–6322 Reseda Blvd appears in the record twice. It closed in July 2015 at $22,000,000 and again in October 2020 at $27,100,000 — the same 118 units, up $5,100,000, or 23.2%, over five years and three months. That is roughly 4.2% a year, before transaction costs on both ends.

Set that beside the 2013-to-2019 curve and the two numbers say different things. The boulevard's asking level more than doubled in six years. An actual building, held across five of those years, returned about 4.2% annually on price. Both are true. Only one of them is what an owner banked.

This is the single most useful thing in the record for a Valley owner deciding whether to hold: the market-level number and the held-asset number are not the same number, and the gap is where most hold-versus-sell arguments go wrong. See also 18317 Kittridge St, which closed both ends through this desk and returned about 5.1% a year.

Why 2019 sits above 2020

6425 Reseda closed in May 2019 at $239,500 a unit. 6262–6322 closed in October 2020 at $229,661. The later sale is the lower per-unit figure.

That is not a market decline in any meaningful sense — it is the size effect and the pandemic quarter arriving together. The 2020 building is 118 units against 100, and larger buildings carry lower per-door pricing. October 2020 also sat in the year LA multifamily absorbed a Q2 shock and recovered through the second half. Two variables, one direction.

What a Valley owner should take from it

One street is a better comparable set than one submarket. Where a real like-for-like exists, use it, even if the sample is four.

Distinguish the market curve from the held return. A 2.3x move in boulevard pricing over six years and a 4.2% annual return on a five-year hold are compatible facts. The second is the one that pays for anything.

Per-unit comparisons need matched unit counts. Three of these four buildings sit between 100 and 138 units, which is why they can be compared at all.

Every figure is taken directly from the closed-deal archive. This is a broker's analysis of real transactions, not investment advice.