| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 59th | Good |
| Amenities | 34th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 31657 Ridge Route Rd, Castaic, CA, 91384, US |
| Region / Metro | Castaic |
| Year of Construction | 1991 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
31657 Ridge Route Rd Castaic Multifamily Investment
Neighborhood occupancy trends point to tight conditions and steady renter demand, according to WDSuite’s CRE market data. Investors should view this as a stability play in a high-cost ownership pocket of Los Angeles County with disciplined rent and retention management.
This suburban location in Castaic offers a livable base for workforce and professional tenants, with everyday amenities nearby and regional job centers within commuting range. Neighborhood amenity depth is moderate (roughly mid-pack nationally), with cafes and restaurants comparatively competitive versus national norms, while parks and pharmacies are less concentrated within the immediate neighborhood. School rating data is not available in WDSuite for this neighborhood; investors typically underwrite to district-level performance and commute-based school access.
Neighborhood occupancy is among the strongest in the Los Angeles-Long Beach-Glendale metro, signaling limited slack and supporting pricing discipline through cycles. At the same time, the surrounding 3-mile area skews more owner-heavy, with a relatively low share of renter-occupied housing units; this implies a more targeted renter pool but can support retention where quality rental options are scarce.
The property’s 1991 vintage is newer than the neighborhood’s average construction year (1979), providing competitive positioning versus older stock. Investors should still anticipate selective modernization and systems updates to meet current resident expectations, but the vintage supports near-term leasing versus legacy assets.
Within a 3-mile radius, households are projected to increase by roughly one quarter by 2028 even as total population trends lower—pointing to smaller household sizes and potential demand for well-managed rental housing. High home values relative to incomes in the neighborhood (top decile nationally) indicate a high-cost ownership market, which can reinforce reliance on multifamily options and support lease stability when product quality and operations are strong.
Human capital is a relative strength: the neighborhood sits in the top quartile nationally for bachelor’s degree attainment, which can align with steady white-collar demand. Taken together with moderate amenity access and strong metro connectivity, the submarket profile supports durable occupancy with measured rent growth expectations.
Safety indicators benchmark below the national median, based on WDSuite’s neighborhood-level crime percentiles. Property and violent offense rates sit in the lower national percentiles, suggesting investors should underwrite to prudent security and operations practices.
Recent trend data shows property offense rates declining by about 7% year over year, while violent offense measures have been more volatile. A practical takeaway is to emphasize lighting, access control, and resident engagement to support retention and mitigate risk relative to regional norms.
Proximity to established life sciences, healthcare distribution, and insurance employers underpins renter demand via commute convenience and diversified wage bases. Nearby anchors include Boston Scientific Neuromodulation, AmerisourceBergen, Thermo Fisher Scientific, Farmers Insurance Exchange, and Amgen.
- Boston Scientific Neuromodulation — medical devices (3.2 miles)
- AmerisourceBergen — healthcare distribution (4.7 miles)
- Thermo Fisher Scientific — life sciences (18.9 miles)
- Farmers Insurance Exchange — insurance (21.3 miles) — HQ
- Amgen — biotechnology (27.1 miles) — HQ
31657 Ridge Route Rd combines strong neighborhood occupancy with a newer-than-average 1991 vintage and institutional-scale density at 84 units. Based on CRE market data from WDSuite, the neighborhood sits near the top of the metro for occupancy, reinforcing a stability-led thesis where resident retention and measured rent steps are the focus. High ownership costs in the area help sustain multifamily relevance, while life sciences and insurance employers within commuting distance provide a diversified wage base.
Within a 3-mile radius, households are projected to grow meaningfully by 2028 even as population edges lower, indicating smaller household sizes and a potential broadening of the tenant base. The owner-leaning tenure mix nearby suggests a narrower pool of renters, so operators should emphasize product differentiation and service quality. Given the 1991 vintage, plan for targeted capital to refresh interiors and common areas to remain competitive against newer deliveries and to support rent resiliency.
- Strong neighborhood occupancy supports stability-focused operations and rent discipline.
- 1991 vintage is newer than area averages, with light-to-moderate modernization potential.
- High-cost ownership market reinforces renter reliance on quality multifamily product.
- 84-unit scale can enhance operating efficiency and on-site service delivery.
- Risks: owner-leaning tenure nearby and below-median safety benchmarks call for targeted marketing, security, and retention strategies.