| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 59th | Good |
| Amenities | 34th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 31717 Ridge Route Rd, Castaic, CA, 91384, US |
| Region / Metro | Castaic |
| Year of Construction | 1979 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
31717 Ridge Route Rd Castaic Multifamily Investment
Neighborhood occupancy is exceptionally tight and supported by a high-cost ownership market, according to WDSuite’s CRE market data. This combination points to durable renter demand at the submarket level, though pricing should balance retention with local affordability.
Located in suburban Castaic within Los Angeles County, the property sits in a neighborhood rated B- where occupancy is strong at the neighborhood level. The area s neighborhood occupancy rate ranks first among 1,441 Los Angeles-Long Beach-Glendale metro neighborhoods, underscoring stability for lease-up and retention (this metric reflects the neighborhood, not the property).
Within a 3-mile radius, demographic data indicate a modest population contraction alongside a projected increase in household count by 2028, signaling smaller household sizes and a broader base of households entering the market. For multifamily, that dynamic can support a larger tenant base even as population trends soften, aiding occupancy stability and renewal prospects.
The 3-mile area is predominantly owner-occupied, with a relatively small share of renter-occupied housing units. For investors, that means a more targeted renter pool; however, elevated home values in the neighborhood context and a high value-to-income ratio (top national percentiles) reinforce ongoing reliance on rental options, which can support leasing and reduce move-outs to ownership.
Amenities are mixed: cafes and restaurants show above-average national density for a suburban location, while parks, pharmacies, and childcare options are comparatively limited nearby. Current rents in the 3-mile radius are higher than many U.S. suburbs and have risen over the last five years, with WDSuite s commercial real estate analysis indicating further directional growth, which supports revenue but warrants close attention to rent-to-income ratios for retention.
Safety indicators for the neighborhood sit below national medians, with crime measures in the lower national percentiles. Compared with the Los Angeles-Long Beach-Glendale metro, the neighborhood s crime rank is on the weaker side (ranked 1,240 out of 1,441 neighborhoods), suggesting investors should underwrite prudent security and loss-prevention measures.
Recent trends are mixed: property offense estimates have improved year over year, while violent offense estimates show an uptick. For underwriting, this points to a balanced approach budget for preventive measures and consider how reputation management and tenant screening can support retention and community stability over the hold period.
Nearby employers provide a diversified white-collar employment base that supports commuter convenience and steady renter demand, including medical technology, pharmaceutical distribution, insurance, telecommunications, and biotech.
- Boston Scientific Neuromodulation medical technology (3.3 miles)
- AmerisourceBergen pharmaceutical distribution (4.7 miles)
- Farmers Insurance Exchange insurance (21.4 miles) HQ
- Charter Communications telecommunications (25.6 miles)
- Amgen biotech (27.1 miles) HQ
This 30-unit asset benefits from exceptionally tight neighborhood occupancy and a high-cost ownership environment that sustains renter reliance on multifamily. Within a 3-mile radius, households are projected to grow even as population softens, which points to more, smaller households entering the renter pool a setup that supports leasing durability and renewals. According to CRE market data from WDSuite, local rents have trended upward, reinforcing revenue potential while emphasizing the need for careful rent-to-income management.
The surrounding area skews heavily to owners, implying a more focused renter base and potential pricing power for well-managed communities that deliver convenience and quality. Amenities are serviceable but uneven, so asset-level features and maintenance will matter for retention. Underwriting should also account for safety metrics that trail national medians and calibrate operating plans accordingly.
- Neighborhood occupancy ranks first among 1,441 metro neighborhoods, supporting lease-up stability
- High-cost ownership context reinforces renter demand and reduces move-outs to ownership
- 3-mile radius shows rising household counts despite softer population expanding the tenant base
- Upward rent trends support revenue; active management of rent-to-income can aid retention
- Risks: owner-dominant area narrows renter pool; safety metrics below national medians warrant prudent security planning