| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 59th | Good |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17720 Superior St, Northridge, CA, 91325, US |
| Region / Metro | Northridge |
| Year of Construction | 2009 |
| Units | 47 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
17720 Superior Street Northridge Multifamily Investment
This 47-unit property built in 2009 sits in a neighborhood ranking in the top quartile nationally for housing fundamentals, with strong renter demand supported by 65.8% rental occupancy according to CRE market data from WDSuite.
The Northridge neighborhood demonstrates strong fundamentals for multifamily investment, ranking in the top quartile among 1,491 metro neighborhoods for housing metrics with an 84th national percentile. The area maintains a 65.8% rental occupancy share, ranking 249th among metro neighborhoods and placing in the 96th national percentile for renter demand depth.
Demographics within a 3-mile radius show a stable tenant base with median household income of $103,861, supported by 42,900 renter households. The neighborhood's median rent of $1,958 reflects strong pricing power, while the elevated home values with a median of $829,631 reinforce rental demand by keeping ownership costs high relative to renting options.
The 2009 construction year aligns with the neighborhood average of 1998, positioning the property competitively within established building stock without immediate capital expenditure pressures. Local amenities support tenant retention with adequate grocery access at 2.04 stores per square mile and childcare availability, though restaurant and cafe density remains limited, which may impact lifestyle appeal for certain tenant segments.
Forward-looking demographics indicate household growth projections with median income expected to reach $140,828 by 2028, supporting rent growth potential. The neighborhood's B rating reflects balanced investment fundamentals with occupancy stability and established rental market dynamics.
Safety metrics show mixed conditions with property crime rates currently elevated but trending favorably. The neighborhood ranks 1,322nd among 1,491 metro neighborhoods for property offense rates, placing in the 8th national percentile. However, recent trends indicate improvement with property crime declining 35.2% year-over-year, ranking in the 78th national percentile for crime reduction.
Violent crime rates are more moderate at 123 incidents per 100,000 residents, ranking 1,067th among metro neighborhoods in the 28th national percentile. Notably, violent crime has decreased significantly by 53.9% over the past year, ranking in the 87th national percentile for improvement trends. Investors should monitor these developing safety trends as they can influence tenant retention and lease-up velocity.
The area benefits from proximity to major corporate offices and headquarters within commuting distance, supporting workforce housing demand from diverse industries including life sciences, insurance, and entertainment.
- Thermo Fisher Scientific — life sciences (6.3 miles)
- Farmers Insurance Exchange — insurance HQ (6.3 miles)
- Charter Communications — telecommunications (10.6 miles)
- Disney — entertainment HQ (12.8 miles)
- Occidental Petroleum — energy HQ (13.6 miles)
This Northridge property offers compelling fundamentals with neighborhood-level metrics ranking in the top quartile nationally for housing performance. The 2009 construction vintage provides modern amenities without immediate capital expenditure needs, while the 65.8% rental occupancy share demonstrates sustained multifamily property research validates strong renter demand depth in this submarket.
Demographics within the 3-mile radius support stable cash flows with median household income of $103,861 and projected growth to $140,828 by 2028. High ownership costs with median home values of $829,631 reinforce rental demand, while recent crime reduction trends of 35.2% for property offenses and 53.9% for violent crime indicate improving neighborhood conditions that support tenant retention.
- Top quartile housing fundamentals among 1,491 metro neighborhoods
- Strong renter demand with 65.8% rental occupancy share (96th national percentile)
- Income growth trajectory supporting rent escalation potential
- Modern 2009 construction minimizing near-term capital requirements
- Risk consideration: Monitor safety trends and amenity competition for tenant retention