| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 59th | Good |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17816 Lassen St, Northridge, CA, 91325, US |
| Region / Metro | Northridge |
| Year of Construction | 1983 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
17816 Lassen St, Northridge CA Multifamily Investment
Renter demand is supported by elevated neighborhood home values and a sizable renter-occupied housing base, according to WDSuite’s CRE market data, pointing to steady leasing conditions for well-positioned assets. Occupancy trends sit near the metro middle, so execution and value-add differentiation may be the drivers of outperformance.
The property sits in Northridge’s Urban Core, where livability is anchored by daily-needs access and a strong renter base. Grocery and childcare availability score in the upper national percentiles, while restaurants are competitive, though cafes, parks, and pharmacies are comparatively sparse. Average school ratings track modestly above the national middle. These dynamics suggest convenience for residents’ essentials with select amenity gaps investors can offset through on-site programming or partnerships.
From an investor lens, roughly two-thirds of housing units in the immediate neighborhood are renter-occupied, indicating depth in the tenant pool and potential leasing stability. Occupancy levels are around the metro median among 1,441 Los Angeles–area neighborhoods, emphasizing the importance of asset quality and management to capture demand. Neighborhood NOI per unit trends in the top quartile nationally, per WDSuite, signaling the potential for healthy operating performance when execution aligns with local renter preferences.
Home values rank in a high national percentile, reflecting a high-cost ownership market that can sustain reliance on multifamily housing and support pricing power. At the same time, rent-to-income levels imply some affordability pressure, which underscores the need for calibrated rent setting and resident retention strategies over the hold.
Demographic indicators are aggregated within a 3-mile radius and show a slight population dip alongside an increase in households, with projections calling for further household growth and smaller average household sizes. For investors, that combination points to a larger number of households competing for rental options over time, supporting occupancy stability for well-maintained, appropriately positioned units.
Safety indicators for the neighborhood land near the metro middle overall, with the area ranking toward the center among 1,441 Los Angeles–area neighborhoods and around the national midpoint. According to WDSuite’s data, recent year-over-year trends show notable declines in both property and violent offense rates, an encouraging directional signal to monitor. As always, investors should underwrite with submarket comparables and consider property-level measures that enhance resident comfort.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience, notably in life sciences, insurance, media, and telecommunications. The employers below represent practical drivers of leasing activity for workforce and professional tenants.
- Thermo Fisher Scientific — life sciences (6.3 miles)
- Farmers Insurance Exchange — insurance (6.4 miles) — HQ
- Charter Communications — telecommunications (10.8 miles)
- Radio Disney — media (12.3 miles)
- Disney — entertainment (13.0 miles) — HQ
17816 Lassen St is a 34-unit multifamily asset built in 1983, older than the neighborhood’s average vintage. That age profile suggests thoughtful capital planning can unlock value through selective renovations and systems upgrades, positioning the property competitively against newer stock while targeting rent-ready finishes and operational improvements. According to CRE market data from WDSuite, neighborhood occupancy trends sit near the metro median, while NOI per unit ranks in the national top quartile—an environment where execution, product differentiation, and retention strategy can drive outcomes.
Within a 3-mile radius, households have increased despite modest population decline, and forecasts point to more households and smaller average household sizes ahead—signals consistent with a larger renter pool and support for occupancy. Elevated ownership costs in the area reinforce reliance on rental housing, though rent-to-income dynamics warrant disciplined lease management to sustain retention and limit turnover.
- 1983 vintage offers value-add and CapEx pathways to reposition units and systems for stronger competitiveness
- Renter-occupied share and high-cost ownership market support multifamily demand and pricing power
- Household growth within 3 miles and smaller household sizes expand the tenant base and support occupancy
- Operational upside in a neighborhood with top-quartile national NOI per unit, per WDSuite
- Risks: affordability pressure and amenity gaps (parks/cafes) require calibrated pricing and resident experience focus