| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 59th | Good |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17710 Lassen St, Northridge, CA, 91325, US |
| Region / Metro | Northridge |
| Year of Construction | 1986 |
| Units | 42 |
| Transaction Date | 2004-05-27 |
| Transaction Price | $5,460,000 |
| Buyer | LEVIN STANLEY |
| Seller | KARRAA ELIAS |
17710 Lassen St, Northridge CA Multifamily Investment
Renter demand is supported by a high neighborhood renter-occupied share and a high-cost ownership market, according to WDSuite’s CRE market data. Expect stable screening fundamentals with potential to enhance positioning through targeted upgrades.
Located in Northridge within Los Angeles County, the property benefits from an Urban Core setting where renter-occupied housing is prevalent. The neighborhood’s renter-occupied share sits in the upper national percentiles, indicating a deep tenant base that supports leasing velocity and renewal prospects for multifamily assets.
Neighborhood occupancy trends are roughly in line with national norms but track below the Los Angeles metro median (measured against 1,441 metro neighborhoods), suggesting investors should emphasize asset-level operations and marketing to capture demand. Median contract rents and neighborhood NOI per unit benchmark above many U.S. areas, reinforcing an investment narrative centered on durable demand rather than outsized concessions.
Construction year averages in the area skew newer than the 1990s, while this asset’s 1986 vintage is older than the neighborhood mean. That creates straightforward value-add and capital planning opportunities—modernizations to interiors, building systems, and amenities can sharpen competitive positioning versus newer stock while aiming to sustain occupancy stability.
Within a 3-mile radius, household counts have risen and are projected to increase further as average household size declines, pointing to more households even with flat-to-soft population trends. Rising household incomes and elevated for-sale home values in the neighborhood (high national percentiles) tend to sustain renter reliance on multifamily housing—supporting retention and measured pricing power when paired with attentive lease management and resident experience. Based on commercial real estate analysis from WDSuite, local amenities are mixed: grocery access compares favorably to national norms, while cafes and parks are thinner, which places a premium on on-site features.
Safety indicators for the neighborhood are mixed. Overall conditions track near the national median, with property crime sitting in lower national safety percentiles and violent crime also below national safety percentiles. Recent trend data shows year-over-year improvement across both property and violent categories, indicating momentum in the right direction rather than a static risk profile.
Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), the area sits around the middle of the pack. For underwriting, a prudent approach is to factor in average regional conditions while noting the improving trajectory as a supportive, longer-term signal.
Proximity to established corporate employment nodes supports demand for workforce and professional renters, helping reduce commute friction and aiding retention. Notable nearby employers include Thermo Fisher Scientific, Farmers Insurance, Charter Communications, Radio Disney, and Disney.
- Thermo Fisher Scientific — life sciences (6.4 miles)
- Farmers Insurance Exchange — insurance (6.5 miles) — HQ
- Charter Communications — telecommunications (10.6 miles)
- Radio Disney — media (12.2 miles)
- Disney — media & entertainment (12.9 miles) — HQ
17710 Lassen St offers investors exposure to a Northridge submarket characterized by a high renter-occupied share, elevated ownership costs, and neighborhood-level NOI per unit that benchmarks well nationally. Occupancy in the neighborhood is near national norms yet sits below the metro median, which directs focus to asset-specific execution for lease-up, renewals, and expense control. The 1986 vintage provides clear value-add pathways—unit modernization and building system upgrades can improve competitive standing versus newer stock while supporting rent growth through differentiated features.
Within a 3-mile radius, households are increasing and projected to expand further as average household size declines, pointing to a larger tenant base even amid steady population levels. Rising incomes and forecasts for higher contract rents suggest room for disciplined revenue management, according to CRE market data from WDSuite, provided operators monitor rent-to-income dynamics and retention to sustain occupancy stability over the hold.
- Large neighborhood renter base supports depth of demand and renewal prospects
- 1986 vintage with value-add potential via interior and system upgrades
- Elevated ownership costs in the area sustain multifamily demand and pricing power
- Household growth within 3 miles expands the local renter pool over time
- Risks: occupancy below metro median, thinner neighborhood amenities, and safety metrics that warrant ongoing monitoring