| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 67th | Good |
| Amenities | 59th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10020 Zelzah Ave, Northridge, CA, 91325, US |
| Region / Metro | Northridge |
| Year of Construction | 1990 |
| Units | 50 |
| Transaction Date | 2012-03-21 |
| Transaction Price | $11,250,000 |
| Buyer | Granada JD LLC |
| Seller | Merridy-Zelzah Street |
10020 Zelzah Ave Northridge Multifamily Investment
This 50-unit property in an A-rated neighborhood benefits from strong occupancy fundamentals and educated renter demographics, according to CRE market data from WDSuite.
Located in a top-quartile neighborhood among 1,441 metro neighborhoods, this Northridge location demonstrates consistent multifamily fundamentals with 95.2% occupancy rates and median household incomes of $126,536. The neighborhood ranks in the 88th percentile nationally for income levels, supporting rental demand stability and lease retention potential.
Built in 1990, this property aligns with the neighborhood's average construction year of 1983, indicating established infrastructure without immediate capital expenditure pressures. The area maintains a balanced housing tenure with 50.6% of units renter-occupied, creating a substantial rental market base that ranks in the 89th percentile nationally.
Demographics within a 3-mile radius show 153,286 residents with median household income of $106,359, while 41.7% of housing units are renter-occupied. Forecasted growth projects household income increases to $146,956 by 2028, supporting rental pricing power. The neighborhood's 35.4% bachelor's degree attainment rate ranks in the 92nd percentile nationally, indicating an educated tenant base typically associated with stable occupancy patterns.
Amenity density supports tenant retention with above-average access to childcare (90th percentile nationally), grocery stores (80th percentile), and parks (92nd percentile). Restaurant density ranks in the 93rd percentile nationally, enhancing neighborhood appeal for professional renters.
The neighborhood demonstrates strong safety metrics, ranking 110th among 1,441 metro neighborhoods for overall crime, placing it in the 85th percentile nationally. Violent offense rates remain exceptionally low at 3.4 incidents per 100,000 residents, ranking in the 87th percentile compared to neighborhoods nationwide.
Property crime trends show significant improvement, with rates declining 76.2% year-over-year, ranking in the 97th percentile nationally for crime reduction. This positive trajectory supports tenant retention and property values in the submarket.
The property benefits from proximity to major corporate employers, providing workforce housing opportunities for professional tenants within commuting distance of established business centers.
- Thermo Fisher Scientific — life sciences and laboratory services (6.3 miles)
- Farmers Insurance Exchange — insurance services (6.5 miles) — HQ
- Charter Communications — telecommunications (10.9 miles)
- Disney — entertainment and media (13.1 miles) — HQ
- Occidental Petroleum — energy and petroleum (14.1 miles) — HQ
This 50-unit property offers stable cash flow potential in an A-rated neighborhood with 95.2% occupancy rates and strong demographic fundamentals. Built in 1990, the property requires standard maintenance without immediate capital expenditure needs, while benefiting from an educated tenant base with 35.4% bachelor's degree attainment. Proximity to major employers including Disney headquarters and Farmers Insurance Exchange supports consistent rental demand from professional tenants.
Multifamily property research indicates favorable rental market dynamics, with median rents of $1,944 and household income growth projected to reach $146,956 by 2028. The neighborhood's low crime rates and declining property offense trends enhance tenant retention prospects, while balanced housing tenure provides rental market depth without oversaturation concerns.
- Strong occupancy fundamentals with 95.2% neighborhood rates and educated tenant demographics
- Proximity to major corporate employers supporting professional rental demand
- A-rated neighborhood with top-quartile safety metrics and declining crime trends
- Projected household income growth to $146,956 by 2028 supporting rental pricing power
- Risk consideration: High home values may create affordability pressure requiring active lease management strategies