| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 62nd | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16815 Kingsbury St, Granada Hills, CA, 91344, US |
| Region / Metro | Granada Hills |
| Year of Construction | 1994 |
| Units | 54 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
16815 Kingsbury St Granada Hills Multifamily Investment
This 54-unit property benefits from strong neighborhood occupancy at 99.2% and rental demand in a market with 66.4% renter-occupied units, according to CRE market data from WDSuite.
Located in Granada Hills, this property sits within a neighborhood ranking in the top quartile nationally for amenities (95th percentile) and housing metrics (85th percentile) among Los Angeles metro neighborhoods. The area demonstrates strong rental fundamentals with 66.4% of housing units renter-occupied and neighborhood-level occupancy at 99.2%, ranking 120th among 1,441 metro neighborhoods.
Built in 1994, the property aligns with the neighborhood's average construction year of 1978, positioning it as newer vintage that may require less near-term capital expenditure compared to older stock. Demographic data aggregated within a 3-mile radius shows a stable population of 138,153 with median household income of $105,339, supporting rental demand in a market where median contract rent reaches $1,919.
The neighborhood offers strong amenity density with 4.29 grocery stores per square mile (94th percentile nationally) and highly-rated schools averaging 4.0 out of 5.0, factors that support tenant retention. Home values at $827,701 median create elevated ownership costs that reinforce rental demand and sustain multifamily housing reliance in this Los Angeles submarket.
The neighborhood demonstrates favorable safety trends with violent crime rates at 2.8 per 100,000 residents, ranking 22nd among 1,441 Los Angeles metro neighborhoods and placing in the 88th percentile nationally. Property crime shows improvement with an 81.4% year-over-year decline, ranking in the 98th percentile nationally for crime reduction trends.
Overall crime metrics place the neighborhood at 80th among metro areas with an 87th percentile national ranking, indicating above-average safety conditions that can support tenant retention and property values in this Granada Hills location.
The property benefits from proximity to major corporate employers that provide workforce housing demand, including life sciences, insurance, and entertainment companies within commuting distance.
- Thermo Fisher Scientific — life sciences (7.9 miles)
- Farmers Insurance Exchange — insurance HQ (8.0 miles)
- Charter Communications — telecommunications (9.8 miles)
- Disney — entertainment HQ (12.3 miles)
- Live Nation Entertainment — entertainment HQ (14.2 miles)
This Granada Hills property offers stable rental fundamentals supported by strong neighborhood occupancy at 99.2% and a rental-heavy market with 66.4% renter-occupied units. The 1994 construction year provides newer vintage positioning with potentially lower near-term capital requirements compared to older neighborhood stock. Demographics within a 3-mile radius show household income growth of 29.4% over five years, supporting rental demand in a market where elevated home values of $827,701 median reinforce multifamily housing reliance.
According to multifamily property research from WDSuite, the neighborhood ranks in the top quartile nationally for amenities and housing metrics, with strong school ratings averaging 4.0 out of 5.0 that support tenant retention. The location benefits from proximity to major employers including Thermo Fisher Scientific and Disney headquarters, providing workforce housing demand within commuting distance.
- Neighborhood occupancy at 99.2% indicates strong rental demand stability
- 1994 construction provides newer vintage with reduced near-term capital needs
- High home values reinforce rental demand in this Los Angeles submarket
- Proximity to major corporate employers supports workforce housing demand
- Risk: Rent-to-income ratio at 0.25 suggests affordability pressure that may impact renewals