| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 67th | Good |
| Amenities | 59th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17831 Lassen St, Northridge, CA, 91325, US |
| Region / Metro | Northridge |
| Year of Construction | 1983 |
| Units | 35 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
17831 Lassen St Northridge Multifamily Investment
Neighborhood occupancy is in the top quartile nationally, and elevated ownership costs in Northridge sustain renter reliance on multifamily, according to WDSuite’s CRE market data. The combination supports steady screening demand for a 35-unit asset near core Valley employment nodes.
Located in Northridge within the Los Angeles-Long Beach-Glendale metro, the neighborhood shows healthy renter dynamics and stable usage of rental housing. Neighborhood occupancy is top quartile nationally, while the share of housing units that are renter-occupied sits near one-half, indicating a meaningful tenant base that supports leasing continuity rather than transient turnover, based on WDSuite’s CRE market data.
Livability drivers are balanced: restaurants and parks density rank in the low-to-mid 90th percentiles nationally, and grocery options track around the 80th percentile. Pharmacy and cafe density trail the broader metro, suggesting some reliance on nearby corridors for certain errands, but day-to-day food and open-space access remain competitive for multifamily residents.
Within a 3-mile radius, households increased modestly over the last five years while population edged down, pointing to smaller household sizes and a renter pool that is reshaping rather than shrinking. Forward-looking estimates indicate a larger household base and lower average household size by the forecast period, which generally expands the addressable tenant base and supports occupancy stability for well-managed assets.
Home values in the neighborhood are elevated (among the highest percentiles nationally), creating a high-cost ownership market that tends to reinforce sustained multifamily demand and lease retention. At the same time, neighborhood rent-to-income levels remain moderate for Los Angeles, a mix that can support pricing power without materially heightening near-term retention risk for quality units.
Schools rate around the national middle-to-upper range, providing broad appeal without commanding the premiums seen in the highest-rated districts. For investors, the overall picture is an A- rated neighborhood with amenity strength where it matters for renters, a deep tenant base, and fundamentals that compare favorably to national multifamily trends.
Safety indicators compare favorably to national benchmarks on violent offenses, with the neighborhood tracking in the upper percentiles nationwide, while property offenses sit closer to mid-range levels. Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), the crime rank is closer to the better end of the spectrum than many urban core areas, and recent year-over-year readings show notable declines across both violent and property categories, according to WDSuite’s CRE market data.
For underwriting, this translates to comparatively strong positioning on personal safety relative to national peers and improving trends on property-related incidents. As always, investors should evaluate submarket variations and on-the-ground management practices rather than relying on block-level conclusions.
Proximity to major Valley and Westside employers underpins workforce housing demand and commute convenience for renters, including life sciences, insurance, telecom, media, and entertainment firms listed below.
- 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 (12.4 miles)
- Disney — entertainment (13.0 miles) — HQ
The investment case centers on durable renter demand supported by high-cost home ownership, nationally strong neighborhood occupancy, and access to diversified employment within practical commuting range. According to commercial real estate analysis from WDSuite, the neighborhood’s elevated home values and top-quartile occupancy nationally reinforce a stable tenant base, while moderate rent-to-income levels support rent collections and lease retention for well-positioned units.
Demographic patterns aggregated within a 3-mile radius show a gradual shift toward smaller household sizes and a projected increase in households, helping expand the renter pool even as population growth slows. Amenity density in restaurants, parks, and groceries compares well nationally, which supports leasing velocity; investors should also note thinner pharmacy and cafe coverage and plan resident-services and transportation messaging accordingly.
- Top-quartile neighborhood occupancy and healthy renter concentration support steady leasing
- High-cost ownership market sustains rental demand and pricing power
- 3-mile household growth and smaller household sizes expand the tenant base and support occupancy stability
- Diverse nearby employers in life sciences, insurance, telecom, and entertainment aid retention
- Risks: softer pharmacy/cafe density and uneven safety by sub-area require proactive management and targeted marketing