| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 17th | Poor |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15552 Nordhoff St, North Hills, CA, 91343, US |
| Region / Metro | North Hills |
| Year of Construction | 1990 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15552 Nordhoff St North Hills Multifamily Opportunity
Strong renter concentration and a high-cost ownership landscape underpin steady renter demand in this Los Angeles submarket, according to WDSuite’s CRE market data. Neighborhood occupancy trends have been resilient, signaling potential for stable operations if pricing aligns with local affordability.
Located in North Hills within the Los Angeles-Long Beach-Glendale metro, the area shows renter-oriented fundamentals. The neighborhood s renter-occupied share is very high, indicating a deep tenant base for multifamily assets; paired with neighborhood occupancy that sits in the top quartile nationally, this supports leasing stability for well-positioned properties.
Daily-needs access is a relative strength: grocery availability ranks in the 96th percentile nationally, while restaurants are around the 80th percentile. By contrast, the neighborhood has limited parks, pharmacies, and cafes, so on-site amenities and convenience offerings can differentiate a property.
Home values rank in the 92nd percentile nationally, and the value-to-income ratio is near the 99th percentile for the neighborhood. In a high-cost ownership market, multifamily can retain households longer, although rent-to-income levels suggest careful lease management to mitigate affordability pressure and sustain retention.
Property vintage in the area averages 1979; this asset a0was built in 1990, offering comparatively newer stock versus much of the neighborhood. Investors should still plan for system modernization and select cosmetic updates to remain competitive against renovated product.
Demographic statistics are aggregated within a 3-mile radius: recent years show a modest population dip but an increase in households, implying smaller household sizes and a broader renter pool. Forecasts point to continued household growth and declining average household size, which can support demand depth for a range of unit types.
Across broader housing metrics, the neighborhood is competitive among Los Angeles-Long Beach-Glendale neighborhoods (rank 456 out of 1,441), with NOI per unit around the national middle. These dynamics favor consistent occupancy for assets priced to local incomes and supported by practical amenities.
Based on WDSuite s indicators, the neighborhood s overall safety profile sits in the top quartile nationally (higher percentile indicates safer conditions relative to U.S. neighborhoods). Property and violent offense metrics track modestly above the national mid-point, and recent year-over-year readings show notable declines, suggesting improving conditions. As always, investors should assess submarket and micro-location patterns as part of standard diligence.
Nearby corporate offices provide a diversified employment base that can support renter demand and retention through commute convenience. Key nodes within roughly 8 9 a0miles include Charter Communications, Thermo Fisher Scientific, Farmers Insurance Exchange, Radio Disney, and Disney.
- Charter Communications — telecommunications (7.7 miles)
- Thermo Fisher Scientific — life sciences offices (8.1 miles)
- Farmers Insurance Exchange — insurance (8.3 miles) — HQ
- Radio Disney — media (9.4 miles)
- Disney — media & entertainment (10.0 miles) — HQ
This 40-unit asset built in 1990 benefits from a renter-heavy neighborhood, resilient occupancy, and a high-cost ownership market that tends to sustain multifamily demand. According to CRE market data from WDSuite, neighborhood occupancy trends are strong, while grocery and restaurant access outperforms national norms—useful for resident convenience even as parks and cafes are limited. Given the asset s newer-than-neighborhood vintage, a targeted value-add plan focused on systems, interiors, and on-site amenities can enhance competitiveness and support rent positioning.
Investor considerations include household growth alongside smaller household sizes within a 3-mile radius, which can broaden the renter pool, and elevated rent-to-income dynamics that call for disciplined pricing and renewals to preserve retention. School ratings and some amenity gaps are modest headwinds that place a premium on community features and service quality.
- Renter concentration and top-quartile neighborhood occupancy support leasing stability
- 1990 vintage offers competitive positioning versus older local stock with targeted upgrades
- Strong grocery and restaurant access offsets limited parks/cafes, aiding resident convenience
- High-cost ownership market reinforces rental demand and potential lease retention
- Risks: affordability pressure (rent-to-income), below-average school ratings, and micro-location variability