| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 59th | Good |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17809 Superior St, Northridge, CA, 91325, US |
| Region / Metro | Northridge |
| Year of Construction | 2003 |
| Units | 26 |
| Transaction Date | 2022-01-12 |
| Transaction Price | $52,500,000 |
| Buyer | NORTHRIDGE AND SUPERIOR LLC |
| Seller | NMS NORTHRIDGE LLC |
17809 Superior St, Northridge Multifamily Investment
Steady renter demand in a high-cost ownership pocket of Los Angeles supports income durability, according to WDSuite s CRE market data. Neighborhood occupancy trends sit in the metro s lower half, so underwriting should prioritize retention and lease management.
Located in Northridge within the Los Angeles metro, the neighborhood carries a B rating and performs above the national median on several investor-relevant metrics. Grocery access and childcare density rank in the upper tier nationally, while restaurants are also comparatively dense. By contrast, parks, cafes, and pharmacies are limited locally, indicating amenities are more utilitarian than lifestyle-driven.
The submarket s housing stock skews relatively modern for Los Angeles (local average vintage around the late 1990s), and this property s 2003 construction positions it newer than much of the nearby inventory a modest edge for leasing and maintenance planning while still warranting capital budgeting for mid-life systems.
Renter concentration is high by national standards (top tier nationally), which deepens the tenant pool for multifamily operators and can support occupancy stability. Neighborhood occupancy levels are in the metro s lower half, so competitive positioning product quality, operations, and pricing matters for sustained performance.
Within a 3-mile radius, household counts have increased recently even as overall population edged down, signaling smaller household sizes and a stable-to-expanding renter base. Elevated home values (upper decile nationally) indicate a high-cost ownership market, which tends to reinforce reliance on rentals and supports leasing velocity and renewal capture when product and service levels meet expectations.
School ratings are slightly above the national median on average, helping the area appeal to a broader renter mix, including households seeking access to education options. Overall, the neighborhood is competitive among Los Angeles-Long Beach-Glendale, CA communities and aligns with workforce-to-professional renter demand.
Safety indicators sit around the national middle, with neighborhood crime levels roughly in line with broader U.S. norms. Within the Los Angeles metro (1,441 neighborhoods), the area trends near the center of the pack rather than the top tier for safety, so investors should calibrate operations (lighting, access control, resident engagement) accordingly.
Recent year-over-year trends show notable declines in both violent and property incidents, suggesting momentum in the right direction. While not top quartile nationally, comparative improvement can aid resident retention and marketing, provided on-site security practices remain consistent and data is monitored over time.
Proximity to diversified employers supports a broad renter base and commute convenience, with representation from life sciences, insurance, telecom, and entertainment. The following employers anchor nearby demand within practical drive times:
- Thermo Fisher Scientific life sciences (6.2 miles)
- Farmers Insurance Exchange insurance (6.3 miles) HQ
- Charter Communications telecom (10.7 miles)
- Radio Disney media (12.2 miles)
- Disney entertainment (12.9 miles) HQ
17809 Superior St benefits from a deep renter pool in a high-cost ownership environment, where elevated home values help sustain rental demand and renewal capture. According to CRE market data from WDSuite, neighborhood occupancy trends sit below the metro median, underscoring the importance of product quality and operations to drive leasing performance. The area s above-median amenities (notably groceries and childcare) and broadly educated workforce help support stable demand from professional households.
Built in 2003, the asset is newer than much of the local stock, offering relative competitiveness and reduced near-term obsolescence risk, while still warranting prudent capital planning for mid-life building systems. Within a 3-mile radius, household growth alongside smaller average household sizes points to a larger tenant base over time, supporting occupancy stability and pricing power for well-managed properties.
- Deep renter base and high-cost ownership context support leasing velocity and renewal capture.
- 2003 vintage offers competitive positioning versus older nearby stock; plan for mid-life system updates.
- Household growth within 3 miles expands the tenant pool and supports occupancy durability.
- Amenity mix (groceries, childcare) aligns with workforce and professional renters seeking convenience.
- Risks: neighborhood occupancy below metro median and affordability pressure require disciplined pricing and retention management.