| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 59th | Good |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17830 Lassen St, Northridge, CA, 91325, US |
| Region / Metro | Northridge |
| Year of Construction | 1985 |
| Units | 41 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
17830 Lassen St Northridge Multifamily Value-Add Opportunity
Neighborhood data point to a deep renter base and a high-cost ownership market that supports sustained apartment demand, according to WDSuite’s CRE market data. Expect steady leasing fundamentals driven by elevated home values and a renter-occupied share measured at the neighborhood level, with pricing power tempered by local affordability pressures.
Northridge sits within the Los Angeles-Long Beach-Glendale metro and registers a B neighborhood rating, signaling broadly competitive fundamentals for workforce and professional renters. Area occupancy is measured at the neighborhood level and trends around mid-range nationally, suggesting generally steady lease-up and retention rather than outsized volatility.
Renter demand is reinforced by a high neighborhood share of renter-occupied housing units (top decile nationally), creating a sizable tenant pool for multifamily assets. Elevated home values compared with national norms sustain reliance on rental housing, supporting renewal cadence and limiting move-outs to ownership, while a higher rent-to-income ratio argues for active lease management.
Livability is mixed but serviceable for daily needs. Grocery access and childcare density rank in the upper national percentiles, while restaurants are above average; however, the neighborhood shows limited café, park, and pharmacy density, which investors should weigh when positioning amenities. Average school ratings land modestly above national midpoints, aligning with a broad family and student renter profile.
Within a 3-mile radius, households have inched higher even as population trends are flat to slightly negative, indicating smaller household sizes and stable housing demand. Household incomes have grown meaningfully over the last five years, and forecasts point to continued income gains alongside rising asking rents—factors that can support occupancy stability and targeted rent growth for well-managed properties.
The asset’s 1985 vintage is older than the neighborhood’s average construction year, which may present value-add potential through interior upgrades and building system improvements to remain competitive against newer stock.
Safety indicators are mixed when benchmarked nationally. Overall crime levels align near the national midpoint, with violent incidents tracking below the national median but property-related offenses higher relative to many neighborhoods. Recent year-over-year data show notable declines in both categories, indicating improving trends rather than deterioration.
At the metro scale (Los Angeles-Long Beach-Glendale; 1,441 neighborhoods), the neighborhood’s crime posture sits in the broad middle of the pack. Investors should underwrite standard security measures and emphasize lighting, access control, and unit-level protections to support resident retention and minimize loss-to-lease from safety perceptions.
Proximity to diversified corporate employers supports a stable renter base, with commuting access to life sciences, insurance, media, and communications offices that can bolster leasing and renewal performance.
- Thermo Fisher Scientific — life sciences (6.2 miles)
- Farmers Insurance Exchange — insurance (6.4 miles) — HQ
- Charter Communications — communications (10.8 miles)
- Radio Disney — media (12.4 miles)
- Disney — entertainment (13.0 miles) — HQ
17830 Lassen St is a 41-unit asset built in 1985, positioned in a high-cost ownership pocket of Northridge where the neighborhood’s renter-occupied share is among the highest nationally. This dynamic, coupled with broadly steady neighborhood occupancy, supports a durable tenant base and predictable leasing. According to CRE market data from WDSuite, local home values and rents benchmark above national norms, reinforcing rental reliance while requiring attentive affordability and renewal strategies.
The vintage relative to the neighborhood’s newer average stock points to clear value-add angles—interior renovations, common-area refreshes, and system upgrades—to enhance competitiveness and capture incremental rent while managing operating expenses. Within a 3-mile radius, households are trending up even as average household size eases, and incomes have risen, creating a supportive backdrop for occupancy stability and selective premium positioning.
- Deep neighborhood renter concentration supports demand and renewals
- High-cost ownership market underpins sustained reliance on rentals
- 1985 vintage offers value-add potential versus newer local stock
- Household and income trends within 3 miles support occupancy stability
- Risks: property-crime perceptions and affordability pressure require active management