| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 32nd | Poor |
| Amenities | 59th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17039 Roscoe Blvd, Northridge, CA, 91325, US |
| Region / Metro | Northridge |
| Year of Construction | 1988 |
| Units | 58 |
| Transaction Date | 1995-11-30 |
| Transaction Price | $2,240,000 |
| Buyer | DANIHELS LEO |
| Seller | GLENDALE FEDERAL BANK FSB |
17039 Roscoe Blvd Northridge Multifamily Investment
High renter concentration and strong service amenities point to steady leasing, according to WDSuite’s commercial real estate analysis. Elevated home values in the area further sustain multifamily demand across workforce and professional segments.
Situated in Northridge within the Los Angeles-Long Beach-Glendale metro, the neighborhood holds a B- rating and an Urban Core profile. Service amenities are a relative strength: cafes and childcare density benchmark in the top decile nationally, pharmacies are abundant, while parks and groceries are less concentrated nearby. For investors, this mix supports daily convenience and retention even if some errands require short drives.
Multifamily demand is underpinned by a high share of renter-occupied housing units, indicating depth in the tenant base and consistent leasing velocity. Neighborhood occupancy tracks near mid-national levels, pointing to stable operations with routine turnover management rather than outsized volatility.
Ownership costs are elevated—median home values sit in the top national decile and the value-to-income ratio ranks among the highest nationwide. In practice, this high-cost ownership market tends to sustain renter reliance on multifamily, supporting pricing power and lease-up resilience. At the same time, a rent-to-income profile near one-third suggests affordability pressure to monitor for renewal and lease management.
Within a 3-mile radius, households have inched higher despite modest population decline, and forecasts call for additional household growth with rising median incomes by 2028. That combination—more households and smaller average household sizes—generally expands the renter pool and supports occupancy stability, based on CRE market data from WDSuite. Average school ratings are lower versus national peers, which may influence family-oriented demand but is less consequential for student and young professional segments.
Safety readings are mixed across benchmarks. Within the Los Angeles-Long Beach-Glendale metro, a lower crime rank (121 out of 1,441 neighborhoods) indicates comparatively higher reported crime than many metro peers. Nationally, violent offense measures sit in a high percentile (safer versus many U.S. neighborhoods), and recent estimates show sharp declines year over year in both violent and property offenses. For investors, this suggests prudent on-site diligence, with trend direction that has been moving favorably.
Operationally, confirm current access control, lighting, and management practices, and underwrite to neighborhood-level trends rather than block-by-block assumptions. Ongoing monitoring can help support leasing and retention.
Nearby corporate offices anchor a diversified employment base that supports renter demand and commute convenience, including Thermo Fisher Scientific, Farmers Insurance, Charter Communications, Radio Disney, and Disney.
- Thermo Fisher Scientific — life sciences (6.0 miles)
- Farmers Insurance Exchange — insurance (6.2 miles) — HQ
- Charter Communications — telecommunications (9.2 miles)
- Radio Disney — media (10.4 miles)
- Disney — entertainment (11.2 miles) — HQ
Built in 1988, the 58-unit asset is newer than much of the surrounding 1970s-era stock, offering relative competitiveness while allowing for targeted value-add as systems modernize. Elevated ownership costs and a high renter-occupied share reinforce depth of demand for multifamily. According to CRE market data from WDSuite, neighborhood occupancy trends are steady at roughly mid-national levels, with service amenity access that supports retention even as affordability pressure warrants proactive lease management.
Within a 3-mile radius, households have grown and are projected to increase further alongside rising incomes, expanding the renter pool despite overall population contraction and smaller household sizes. This backdrop supports stable leasing and measured rent growth potential, while underwriting should incorporate lower school ratings and mixed—but recently improving—safety signals.
- 1988 vintage: competitive versus older stock with selective renovation upside
- High renter-occupied share supports tenant base depth and leasing stability
- Elevated home values sustain multifamily reliance and pricing power
- Risk: affordability pressure and lower school ratings call for careful renewal strategy
- Risk: mixed metro safety positioning warrants on-site diligence and security best practices