| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 32nd | Poor |
| Amenities | 59th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17401 Roscoe Blvd, Northridge, CA, 91325, US |
| Region / Metro | Northridge |
| Year of Construction | 2004 |
| Units | 58 |
| Transaction Date | 2000-02-03 |
| Transaction Price | $400,000 |
| Buyer | YOUSSEF YOUSSEF K |
| Seller | YEHUDA YORAM |
17401 Roscoe Blvd Northridge Multifamily Investment
This 58-unit property benefits from strong neighborhood-level occupancy at 92.2% and substantial rental demand supported by a 61.2% renter-occupied housing base, according to CRE market data from WDSuite.
The Northridge neighborhood demonstrates solid multifamily fundamentals with 61.2% of housing units renter-occupied, ranking in the top quartile nationally among rental markets. Neighborhood-level occupancy stands at 92.2%, providing stability for income generation despite modest recent softening. The area's median contract rent of $1,759 reflects competitive pricing within the broader Los Angeles market context.
Demographics within a 3-mile radius show a population of approximately 193,400 with household incomes averaging $109,500 and median incomes of $87,349. Projections indicate household income growth of 44.7% over the next five years, supporting rental demand sustainability. The forecast anticipates a 33.7% increase in total households, expanding the potential tenant base and reinforcing occupancy fundamentals.
Built in 2004, this property represents newer construction relative to the neighborhood average of 1970, potentially reducing near-term capital expenditure requirements and providing competitive positioning. Home values averaging $826,064 create elevated ownership costs that sustain rental demand, as higher home values limit accessibility to ownership and contribute to continued reliance on rental housing options.
The area offers moderate amenity density with cafes and pharmacies ranking in the 89th-90th percentiles nationally, supporting tenant retention. However, grocery store access within the immediate neighborhood is limited, which may affect convenience for residents. Childcare facilities rank in the 95th percentile nationally, appealing to family-oriented renters in this market segment.
The neighborhood demonstrates favorable safety metrics with violent crime rates ranking 62nd among 1,441 metro neighborhoods, placing it in the 88th percentile nationally. Property crime rates show improvement with a 68% year-over-year decline, while violent crime decreased by 97.7% over the same period, indicating positive safety trends that support tenant retention and leasing stability.
The property benefits from proximity to major corporate employers within the San Fernando Valley, providing workforce housing opportunities for professionals commuting to established business centers.
- Thermo Fisher Scientific — biotechnology and life sciences (5.6 miles)
- Farmers Insurance Exchange — insurance services (5.7 miles) — HQ
- Charter Communications — telecommunications (9.7 miles)
- Disney — entertainment and media (11.6 miles) — HQ
- Occidental Petroleum — energy sector (11.8 miles) — HQ
This 58-unit Northridge property offers stable cash flow fundamentals supported by strong neighborhood occupancy at 92.2% and a substantial renter base comprising 61.2% of local housing units. The 2004 construction year provides competitive positioning relative to the neighborhood's 1970 average building vintage, potentially reducing near-term capital requirements while maintaining appeal to quality-conscious tenants.
Demographic projections within a 3-mile radius indicate household growth of 33.7% over five years, expanding the tenant pool and supporting long-term occupancy stability. Elevated home values averaging $826,064 sustain rental demand by limiting ownership accessibility, while proximity to major employers including Thermo Fisher Scientific and Disney provides workforce housing opportunities. However, investors should consider the neighborhood's limited grocery access and moderate school ratings when evaluating tenant demographics and retention strategies.
- Strong rental market with 61.2% renter-occupied housing units
- Newer 2004 construction relative to neighborhood average
- Projected 33.7% household growth supporting tenant demand
- Elevated home values sustaining rental demand dynamics
- Risk: Limited grocery access may affect tenant convenience and retention