| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Poor |
| Demographics | 79th | Best |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17051 Plummer St, Northridge, CA, 91325, US |
| Region / Metro | Northridge |
| Year of Construction | 1980 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
17051 Plummer St Northridge Multifamily Investment
Positioned in a high-cost ownership pocket of Northridge with solid neighborhood occupancy, the asset targets durable renter demand and stable leasing, according to WDSuite’s CRE market data. Nearby schools rate well for the metro, supporting family-oriented tenancy while ownership costs keep households engaged with rental options.
Northridge’s B+ neighborhood rating and suburban profile point to steady livability for workforce and family renters. The area’s occupancy is competitive nationally (upper-third by percentile), a positive indicator for lease stability and renewal potential. Elevated home values (among the highest nationally) signal a high-cost ownership market, which generally supports renter retention and depth of demand for multifamily units.
Schools average 4.5 out of 5 and rank near the top of Los Angeles-Long Beach-Glendale’s 1,441 neighborhoods, placing them in the top quartile nationally—an advantage for properties appealing to family households. Daily-needs access is solid with parks and pharmacies performing above national medians, while café and restaurant density is thinner; investors should underwrite more to residential fundamentals than destination retail.
Within a 3-mile radius, renter-occupied housing accounts for a substantial share of units (about half), indicating a meaningful tenant base for a 40-unit property. Population has softened modestly over the past five years, yet household counts edged higher and are projected to increase further as smaller household sizes create more households—even if headcount growth is subdued. This dynamic typically supports occupancy stability rather than rapid lease-up risk.
Vintage is 1980 versus a neighborhood average around the mid-1970s. Being slightly newer than much of the surrounding stock can aid competitiveness against older assets, though investors should still plan for system updates and modernization to meet current renter expectations.
Safety trends are comparatively favorable. The neighborhood ranks in the top quartile on crime among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, and sits around the 80th percentile nationally—indicating lower reported crime than many areas. Year-over-year declines in both property and violent offenses have been pronounced, suggesting momentum in the right direction. As always, investors should assess submarket and property-level patterns over multiple periods rather than relying on a single snapshot.
Employment anchors within commuting range include life sciences, insurance, media, and telecommunications—sectors that help diversify the renter base and support retention via commute convenience: Thermo Fisher Scientific, Farmers Insurance Exchange (HQ), Charter Communications, Radio Disney, and Disney (HQ).
- Thermo Fisher Scientific — life sciences (6.8 miles)
- Farmers Insurance Exchange — insurance (6.9 miles) — HQ
- Charter Communications — telecommunications (9.6 miles)
- Radio Disney — media (11.2 miles)
- Disney — media & entertainment (11.9 miles) — HQ
17051 Plummer St offers a 40-unit footprint in a suburban Northridge location where high ownership costs and solid neighborhood occupancy support durable rental demand. According to CRE market data from WDSuite, the neighborhood’s occupancy performance sits above national medians, and strong school ratings plus broad-based employers within commuting range help underpin leasing resilience and renewal potential.
Constructed in 1980, the property is slightly newer than the area’s average vintage, suggesting competitive positioning versus older stock with potential to unlock value through targeted modernization. Within a 3-mile radius, a sizable share of housing units are renter-occupied and household counts are set to rise even as population growth remains muted—conditions that can sustain tenant depth while investors manage affordability pressure as rents trend higher.
- High-cost ownership market reinforces reliance on rentals, supporting demand and renewal prospects.
- Competitive neighborhood occupancy and strong school ratings bolster leasing stability.
- 1980 vintage offers relative edge over older stock with clear value-add and modernization pathways.
- Diverse nearby employers expand the potential renter pool and aid retention.
- Risks: softer population trend, thinner destination amenities, and rising rents requiring active lease and retention management.