| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 59th | Good |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17806 Kinzie St, Northridge, CA, 91325, US |
| Region / Metro | Northridge |
| Year of Construction | 1988 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
17806 Kinzie St Northridge Multifamily Investment
Neighborhood renter concentration is high, supporting a sizable tenant base for stabilized operations, according to WDSuite’s CRE market data. Position in Northridge offers durable demand drivers without relying on luxury lease-up dynamics.
The property sits in Northridge within the Los Angeles-Long Beach-Glendale metro, where the neighborhood carries a B rating and ranks 650 out of 1,441 metro neighborhoods — above the metro median. For investors, that positioning suggests balanced fundamentals and steady renter demand rather than outsized volatility.
Housing dynamics indicate depth in the tenant base: the share of renter-occupied housing units in the neighborhood is high (96th percentile nationally), which typically supports leasing velocity and renewals. Neighborhood occupancy is around the middle of U.S. neighborhoods, pointing to stable operations with room for competitive differentiation via product quality and management.
Livability indicators are mixed but workable for workforce-oriented demand. Childcare and grocery store access benchmark in the low‑80s national percentiles, while cafés and parks are less dense than typical urban cores. Average school ratings trend modestly above national norms, which can aid retention for family renters considering longer-term leases.
Home values benchmark in the mid‑90s national percentile, signaling a high‑cost ownership market that tends to sustain multifamily demand and support pricing power. At the same time, rent-to-income levels imply some affordability pressure; prudent lease management and amenity-driven value can help maintain occupancy and reduce turnover. Within a 3‑mile radius, recent patterns show steady households with smaller average household sizes, and projections point to additional household growth — a setup that can expand the renter pool and support occupancy stability over time, based on commercial real estate analysis from WDSuite.
Vintage context matters: the average neighborhood construction year trends newer than this 1988 asset, which may create a value‑add path through targeted renovations, systems updates, and amenity upgrades to compete effectively against late‑1990s product.
Safety trends are mixed relative to broad benchmarks. Overall crime levels track near the national middle, while the neighborhood’s crime rank sits in the higher half of Los Angeles (816 out of 1,441 neighborhoods), indicating more incidents than many metro peers. For underwriting, this suggests attention to on‑site security, lighting, and resident engagement.
Property-related offenses are elevated compared with national norms, but recent year-over-year declines have been notable, improving faster than many U.S. neighborhoods. Violent‑offense measures sit below national safety percentiles but also show meaningful recent improvement. Investors may find that continued operational measures and coordination with local resources help support resident satisfaction and retention.
Nearby corporate employment across life sciences, insurance, media, and communications supports a broad commuter tenant base and helps underpin leasing stability. Key employers include Thermo Fisher Scientific, Farmers Insurance Exchange, Charter Communications, Radio Disney, and Disney.
- Thermo Fisher Scientific — life sciences (6.3 miles)
- Farmers Insurance Exchange — insurance (6.3 miles) — HQ
- Charter Communications — communications (10.7 miles)
- Radio Disney — media (12.2 miles)
- Disney — entertainment (12.9 miles) — HQ
17806 Kinzie St is a 44‑unit multifamily asset built in 1988, positioned in a Northridge neighborhood that ranks above the metro median and exhibits a notably high share of renter‑occupied housing. Elevated for‑sale housing costs in the area help sustain renter reliance on multifamily, while neighborhood occupancy trends sit around the national middle — a profile that rewards operational execution and product differentiation. Based on CRE market data from WDSuite, recent household trends within a 3‑mile radius and projected increases point to a larger renter pool over time, supporting occupancy stability.
Relative to the neighborhood’s newer average vintage, this asset can benefit from targeted renovations and systems updates to compete with late‑1990s stock. Investors should balance the pricing support implied by a high‑cost ownership market with observed affordability pressure, emphasizing amenity value, renewal strategies, and expense control to protect NOI.
- High neighborhood renter concentration supports demand depth and renewal potential.
- Above‑median neighborhood ranking in Los Angeles provides balanced, steady fundamentals.
- 1988 vintage offers value‑add upside through targeted unit and building upgrades.
- High‑cost ownership market reinforces pricing power for well‑positioned assets.
- Risk: affordability pressure and mixed safety metrics call for disciplined lease management and on‑site enhancements.