| 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 | 2008 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
17720 Superior St Northridge Multifamily Opportunity
Positioned in a high-cost ownership pocket of Los Angeles County, the property benefits from a deep renter base and steady neighborhood occupancy, according to WDSuite’s CRE market data. Elevated home values support durable rental demand, with pricing power balanced by local affordability management.
Located in Northridge within the Los Angeles-Long Beach-Glendale metro, the area scores B overall and functions as an Urban Core neighborhood. Built in 2008, the asset is newer than the neighborhood’s typical 1998 construction vintage, offering relative competitiveness versus older stock while still warranting routine system updates and periodic modernization in capital plans.
Neighbor amenities skew toward essentials rather than lifestyle clusters. Grocery access is strong (top quartile nationally), and childcare density is similarly competitive, while cafes, parks, and pharmacies are limited locally. Average school ratings sit above the national median, supporting family-oriented renter demand without positioning schools as a marquee draw.
From a housing and income standpoint, neighborhood indicators are solid: housing metrics test in the top quartile nationally and neighborhood-level NOI per unit trends are strong by national comparison. Median contract rents benchmark high nationally, reflecting the market’s pricing power; however, lease strategy should account for rent-to-income pressure to support retention and minimize turnover.
Within a 3-mile radius, demographics show slight population softening alongside an increase in households and a trend toward smaller average household size. For multifamily investors, this combination typically expands the renter pool and supports occupancy stability, especially when paired with a high local share of renter-occupied housing units. Forecasts indicate further income growth and higher asking rents over the next five years, which may sustain demand depth while necessitating careful affordability management.
Safety indicators are mixed relative to national benchmarks. Overall crime levels for the neighborhood sit near the national midpoint, with property offenses elevated compared with neighborhoods nationwide, while violent offenses trend lower than the national median. Recent year-over-year data from WDSuite shows notable declines in both violent and property incidents, suggesting improving momentum rather than a definitive shift in baseline risk.
Investors should evaluate property-level security, lighting, and access controls consistent with Urban Core assets in Los Angeles, using the neighborhood trend as context and relying on up-to-date local reports for asset-specific underwriting.
Proximity to diversified employment nodes supports renter demand and commute convenience, with nearby anchors in life sciences, insurance, media, and telecom that can bolster leasing stability for workforce and professional tenants.
- Thermo Fisher Scientific — life sciences (6.3 miles)
- Farmers Insurance Exchange — insurance (6.3 miles) — HQ
- Charter Communications — telecom & cable (10.6 miles)
- Radio Disney — media (12.1 miles)
- Disney — entertainment (12.8 miles) — HQ
This 2008-vintage, 52-unit asset in Northridge aligns with durable renter demand fundamentals seen across high-cost ownership submarkets in Los Angeles County. Neighborhood housing and income indicators rank strong nationally, and median contract rent levels reflect established pricing power. According to CRE market data from WDSuite, neighborhood NOI per unit trends are competitive, and household growth within a 3-mile radius—paired with smaller household sizes—supports a larger tenant base over time. Being newer than the local average vintage enhances competitive positioning versus older product, while ongoing modernization can further differentiate the asset.
Key underwriting considerations include managing rent-to-income pressure to sustain retention, monitoring property crime trends that remain elevated relative to national norms despite recent declines, and balancing amenity expectations in a location with strong essentials but fewer lifestyle clusters. Taken together, the market context supports stable occupancy and long-term leasing resilience, with targeted value-add and operational execution driving incremental upside.
- 2008 vintage newer than area average, offering competitive positioning versus older stock
- High-cost ownership market reinforces multifamily demand and supports pricing power
- Household growth and smaller household sizes within 3 miles expand the renter pool
- Neighborhood NOI per unit trends are strong by national comparison, per WDSuite
- Risks: rent-to-income pressure, elevated property crime relative to national norms, and fewer nearby lifestyle amenities