Tarzana California multifamily market overview

Tarzana

Tarzana is a desirable, in the southwestern San Fernando Valley, popular among multifamily investors seeking stable rental demand, suburban appeal, and strong long-term value.

Roughly bounded by Ventura Boulevard to the south, Topanga Canyon Boulevard to the west, Reseda Boulevard to the east, and the Ventura Freeway (US 101) along its southern edge, Tarzana borders Encino to the east and Woodland Hills to the west. Ventura Boulevard serves as the main commercial corridor, offering convenient shopping, dining, and everyday services.

The neighborhood appeals to a range of individuals with its tree-lined streets, excellent schools, beautiful parks, and easy access to hiking trails in the Santa Monica Mountains. Residents also enjoy proximity to Warner Center, Calabasas, and the Westside beaches.

For apartment building owners and investors, Tarzana provides a balanced mix of suburban tranquility, solid tenant demand, and resilient cash flow in a well-established San Fernando Valley location with convenient freeway access and limited new multifamily supply.

2025 Tarzana Multifamily Market Statistics at a Glance

Tarzana Annual Multifamily Apartment Building Sales Statistics*

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Buildings Sold: 3

Avg. Sale Price: $4,411,667

Avg. Price/Unit: $189,071

Avg. Months to Sale: 4.1 mos

Avg. Price/SF: $170

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Average Rent vs Vacancy Rate- Historical & Estimated

Tarzana California residential unit average vacancy rate and market rents
2025 Q3:  Tarzana, California multifamily Average Rent: $2,242 Average Vacancy Rate: 3.4%

Average GRM and Cap Rate- Historical

Tarzana California average GRM and cap rate for sold apartment buildings
2025: Tarzana, California multifamily apartment buildings sold average Cap Rate 4.9%

Number of Multifamily Buildings Sold- Historical

Tarzana California number of multifamily properties sold in between 2020 and2025
2025: Tarzana, California Multifamily Buildings Sold: 3

Average Price/Unit and Price/SF- Historical

Tarzana california average price/unit and price/sf of multifamily apartment buildings sold
2025:  Tarzana, California multifamily average Price/Unit Sold: $189,071 Price/SF Sold: $170

Historical and estimated market statistics for the Tarzana, California multifamily apartment building submarket. The graphs above show the average Price/Unit, Price/SF, GRM, Cap Rate, Average Asking Market Rent and Vacancy for Tarzana multifamily apartment buildings for the years 2020-2025. 
*All data has been obtained from CoStar. Jake Plewa, the Taksa Investment Group and ReMax Commercial cannot guarantee the accuracy of the data above. The graphs and statistics are for information purposes only. 

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