| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 59th | Good |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17803 Superior St, Northridge, CA, 91325, US |
| Region / Metro | Northridge |
| Year of Construction | 1990 |
| Units | 26 |
| Transaction Date | 2004-06-22 |
| Transaction Price | $84,500 |
| Buyer | NORTHROCK INVESTMENTS LLC |
| Seller | BETSALEL JANETTE |
17803 Superior St Northridge Multifamily Investment
High renter concentration in the surrounding neighborhood and elevated home values point to durable rental demand, according to CRE market data from WDSuite’s Los Angeles metro coverage.
Northridge sits within the Los Angeles-Long Beach-Glendale metro and scores a B neighborhood rating with performance that is above metro median in several investor-relevant areas. Neighborhood average NOI per unit ranks in the upper tier nationally, and the local renter-occupied share is high, signaling a deep tenant base for a 26-unit asset. Neighborhood occupancy is around the metro mid-pack, suggesting generally steady leasing conditions rather than outsized tightness.
Daily needs are relatively well served by neighborhood-level amenities: grocery access tracks in the higher national percentiles, and restaurants are comparatively dense for the area, while cafes, parks, and pharmacies are thinner. Average school ratings land modestly above the national midpoint, which can support retention for family renters looking for stability.
Compared with broader metro and national trends, the neighborhood’s housing stock skews somewhat newer on average, which sets a competitive context for 1990-vintage properties that are maintained or thoughtfully refreshed. Elevated neighborhood home values (top decile nationally) indicate a high-cost ownership market that typically sustains rental reliance and supports pricing power, balanced by a higher rent-to-income environment that warrants proactive lease management.
Demographic signals, aggregated within a 3-mile radius, show households have inched higher even as population trends edge down and average household size contracts. This typically translates to a larger pool of smaller households and continued renter pool diversification — factors that can support occupancy stability for professionally managed multifamily assets.
Neighborhood safety indicators sit near the metro average overall (crime rank 816 out of 1,441 Los Angeles metro neighborhoods; 50th percentile nationally). Within that, recent year-over-year trends point to meaningful improvement, with both violent and property offense rates declining at a pace that compares favorably to national patterns. Investors should view this as a stabilizing backdrop rather than a guarantee, monitoring submarket trends over time.
Proximity to major corporate offices in the northwest Los Angeles valley supports commuter demand and lease retention, including roles in life sciences, insurance, media, and telecom reflected below.
- Thermo Fisher Scientific — corporate offices (6.2 miles)
- Farmers Insurance Exchange — corporate offices (6.3 miles) — HQ
- Charter Communications — corporate offices (10.7 miles)
- Radio Disney — corporate offices (12.2 miles)
- Disney — corporate offices (12.9 miles) — HQ
17803 Superior St is a 26-unit, 1990-vintage asset in Northridge positioned within a high renter-occupied neighborhood context. Neighborhood occupancy trends sit around the metro middle, while elevated ownership costs in the area help sustain rental reliance and support pricing power. At the same time, a higher rent-to-income backdrop suggests careful lease management to preserve retention. Based on CRE market data from WDSuite, the local NOI per unit profile is strong relative to national benchmarks, indicating an operating environment that can reward efficient management.
Within a 3-mile radius, households have been growing even as population edges down and average household size decreases, expanding the pool of smaller households and supporting multifamily demand. Given the property’s earlier vintage than the neighborhood average, targeted capital planning or value-add upgrades can enhance competitive standing versus newer stock and capture demand from income-strong renter segments.
- High neighborhood renter-occupied share supports a deep tenant base
- Elevated local home values reinforce sustained reliance on rentals and pricing power
- 1990 vintage presents value-add and modernization opportunities versus newer nearby stock
- Household growth within 3 miles and shrinking household size expand the renter pool
- Risk: higher rent-to-income levels call for proactive retention and lease management