| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 59th | Good |
| Amenities | 34th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 31737 Ridge Route Rd, Castaic, CA, 91384, US |
| Region / Metro | Castaic |
| Year of Construction | 1984 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
31737 Ridge Route Rd Castaic Multifamily Investment
Neighborhood occupancy is among the strongest in the Los Angeles metro, according to WDSuite’s CRE market data, which supports stable leasing fundamentals even as the 3-mile area skews toward owner-occupied housing. Positioning a mid-1980s asset here can target renters seeking proximity to nearby employment nodes in Santa Clarita and the northern San Fernando Valley.
This suburban pocket of Castaic shows a B- neighborhood rating and competitive occupancy dynamics at the neighborhood level. The neighborhood’s occupancy trend is at the top among 1,441 Los Angeles metro neighborhoods, a signal of limited vacant stock locally; this refers to the neighborhood, not this property. Relative to national patterns, dining and grocery access track above median, while parks and pharmacies are sparse within neighborhood bounds—typical of lower-density suburban inventory.
Rents in the neighborhood sit on the higher side compared with national benchmarks, and home values are elevated versus U.S. norms. In investor terms, a high-cost ownership market can support renter reliance on multifamily housing and pricing power, while requiring attention to affordability pressure and lease management.
Within a 3-mile radius, demographics indicate high earning power (median household incomes are strong and have grown in recent years) with households roughly steady historically and projected to increase alongside smaller average household sizes. Even with a lower renter concentration (the 3-mile area is predominantly owner-occupied), an expanding household count can broaden the tenant base and support occupancy stability for well-positioned assets.
Vintage context matters: the average construction year across nearby stock skews to the late 1970s, making a 1984 asset relatively newer than much of the immediate competition. That positioning can reduce near-term obsolescence risk compared with older product, though investors should plan for mid-life system updates and value-add opportunities to keep finishes and operations competitive.
Crime indicators for the neighborhood trend below national medians, and the area ranks below the metro average (1240 out of 1,441 Los Angeles neighborhoods). Nationally, the neighborhood sits around the lower third for safety, suggesting investors should underwrite with prudent security measures and operating protocols typical for the region.
Recent data show property offenses easing year over year, while violent offense metrics have ticked up—both trends are measured at the neighborhood level and can fluctuate. For underwriting, frame expectations using regional comps and current operations rather than block-level conclusions.
Proximity to Santa Clarita–Valencia and northern SFV employers provides a steady commuter base that supports renter demand and retention. Key nearby employers include Boston Scientific Neuromodulation, AmerisourceBergen, Thermo Fisher Scientific, Farmers Insurance Exchange, and Amgen.
- Boston Scientific Neuromodulation — medical devices (3.3 miles)
- AmerisourceBergen — pharmaceuticals distribution (4.8 miles)
- Thermo Fisher Scientific — life sciences (19.0 miles)
- Farmers Insurance Exchange — insurance (21.4 miles) — HQ
- Amgen — biotechnology (27.2 miles) — HQ
31737 Ridge Route Rd offers 46 units from a 1984 vintage in a suburban Los Angeles County location where neighborhood occupancy performance ranks at the top of the metro. This supports an underwriting case for steady leasing, while the 3-mile trade area’s elevated ownership costs and strong incomes reinforce renter willingness to pay for quality operations. Based on CRE market data from WDSuite, the asset competes against older 1970s-era product nearby, creating potential to capture demand with targeted upgrades and operational efficiencies.
The surrounding area is predominantly owner-occupied, which can narrow the immediate renter pool; however, household counts within 3 miles are projected to grow as average household sizes decline, a pattern that can expand the tenant base even as population trends soften. Access to major employment centers in Santa Clarita–Valencia and the northern SFV underpins demand, while investors should account for affordability pressure and local safety variability in management plans.
- Neighborhood occupancy ranks at the top of 1,441 Los Angeles metro neighborhoods, supporting leasing stability (neighborhood metric, not property-specific).
- 1984 vintage is relatively newer than nearby 1970s stock, enabling value-add and systems modernization to enhance competitiveness.
- High-cost ownership environment sustains renter reliance and pricing power for well-run multifamily assets.
- Access to diversified employers in Santa Clarita–Valencia and the northern SFV supports tenant demand and retention.
- Risks: owner-tilted 3-mile housing mix, affordability pressure, and safety variability warrant conservative leasing and operating assumptions.