| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 59th | Good |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17810 Superior St, Northridge, CA, 91325, US |
| Region / Metro | Northridge |
| Year of Construction | 1986 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
17810 Superior St, Northridge CA Multifamily Investment
Renter demand is reinforced by a high neighborhood renter-occupied share and elevated ownership costs, according to WDSuite’s CRE market data. These dynamics support steady leasing fundamentals for a 44-unit asset in Northridge.
Northridge sits within the Los Angeles-Long Beach-Glendale metro and shows balanced fundamentals for workforce-oriented rentals. Neighborhood renter concentration is high (measured as the share of housing units that are renter-occupied), which points to a deep tenant base and supports ongoing leasing velocity. Median home values in the neighborhood are elevated relative to national norms, reinforcing reliance on multifamily for households that prefer renting in this location.
Everyday convenience is serviceable rather than destination-driven. Grocery and childcare access test well against national benchmarks (both in the higher national percentiles), while restaurants are present but more moderate. Cafes, parks, and pharmacies are limited within the neighborhood footprint, so residents typically rely on nearby corridors for a broader amenity mix.
Schools average around mid-tier quality and the neighborhood’s school rating is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked within the better 40% of 1,441 metro neighborhoods), offering an additional draw for family renters. Neighborhood housing performance scores land in the higher national percentiles, and average NOI per unit is also above national norms, indicating workable expense structures relative to achievable rents.
Construction vintage matters: the property was built in 1986, while the neighborhood’s stock trends newer on average. Older vintage can translate to capital planning and value-add potential; targeted unit and system upgrades may enhance competitive positioning versus late-1990s and 2000s assets nearby. For context, occupancy is measured at the neighborhood level and sits near the national midpoint, but the strong renter concentration (above metro median) helps support renewal capture and reduces lease-up risk when units turn.
Demographic statistics are aggregated within a 3-mile radius. Households have grown in recent years and are projected to expand further while average household size trends lower, implying more, smaller households entering the renter pool. Incomes have risen meaningfully and are forecast to continue increasing, which supports rent collections; however, sustained rent growth should be balanced with affordability management given local rent-to-income dynamics.
Ownership remains a high-cost option here by national standards (home values test in the higher percentiles and the value-to-income ratio is elevated), which tends to bolster renter retention and multifamily demand. For investors, this combination—deep renter base, rising incomes, and a competitive but not amenity-saturated location—suggests stable occupancy with potential to capture value through thoughtful renovations and operations.
Safety indicators for the neighborhood track around the national midpoint overall, with a mixed profile by offense type. The latest data show violent incidents trending down sharply over the past year (an improvement that sits in the stronger national percentiles), while property offenses remain elevated compared with neighborhoods nationwide but have also improved meaningfully year over year.
Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), the area performs around the middle of the pack on aggregate crime measures. For investors, the key takeaway is the recent downward trend—particularly on violent incidents—which can support leasing confidence, while elevated property offense levels warrant standard asset-level precautions (lighting, access control, package management) and proactive operations.
Proximity to diversified employers supports renter demand and commute convenience, spanning life sciences, insurance, telecommunications, media, and entertainment. The companies below are within a commutable radius and help underpin leasing stability for workforce and professional tenants.
- Thermo Fisher Scientific — life sciences (6.2 miles)
- Farmers Insurance Exchange — insurance (6.3 miles) — HQ
- Charter Communications — telecommunications (10.7 miles)
- Radio Disney — media (12.2 miles)
- Disney — entertainment (12.9 miles) — HQ
17810 Superior St offers exposure to a renter-heavy Northridge neighborhood where elevated ownership costs sustain multifamily demand and renewal potential. Based on CRE market data from WDSuite, neighborhood-level rents and incomes align to support collections, while occupancy trends sit near the national midpoint and are reinforced by a deep renter base. The 1986 vintage is older than the neighborhood’s average stock, signaling value-add potential through strategic renovations and building system upgrades to strengthen competitive positioning.
Within a 3-mile radius, households are expanding and average household size is drifting lower, pointing to a larger pool of renters over time. Amenity access is adequate—groceries and childcare score well—though cafes, parks, and pharmacies are thinner locally, making nearby corridors important for lifestyle needs. Safety metrics have improved year over year, especially for violent incidents, while property offense levels suggest prudent on-site security and resident package solutions. Overall, the asset’s scale, location fundamentals, and scope for operational and physical enhancements support a durable long-term hold thesis.
- Renter-heavy neighborhood and elevated ownership costs support demand depth and renewal capture
- 1986 vintage creates value-add runway via unit upgrades and building system improvements
- Household growth and rising incomes within 3 miles increase the local renter pool and support collections
- Grocery and childcare access test well nationally; nearby corridors supplement limited local cafes/parks
- Risks: property offense levels above national norms and rent-to-income pressures require active lease and security management