| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 54th | Fair |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18101 Roscoe Blvd, Northridge, CA, 91325, US |
| Region / Metro | Northridge |
| Year of Construction | 1977 |
| Units | 41 |
| Transaction Date | 2018-10-26 |
| Transaction Price | $601,500 |
| Buyer | MASOR HAROLD |
| Seller | ZIMMERMAN HARRY |
18101 Roscoe Blvd Northridge Multifamily Investment
High renter-occupied share and a 96.8% neighborhood occupancy rate point to durable leasing fundamentals, according to WDSuite’s CRE market data. Elevated local home values reinforce reliance on rentals, supporting steady demand for well-managed units.
Northridge’s A- neighborhood rating places it in the top quartile among 1,441 Los Angeles metro neighborhoods, signaling a competitive location for multifamily performance. Amenity density is a clear strength: restaurants, groceries, pharmacies, and cafes score well above national norms, helping with resident retention and day-to-day convenience for tenants.
Renter concentration is substantial, with 67.2% of housing units renter-occupied. For investors, that depth of the tenant base supports ongoing leasing activity and helps stabilize occupancy through cycles. Median contract rents in the area align with incomes (rent-to-income around 0.23), which can aid renewal rates and limit turnover pressures relative to higher-burden submarkets.
Within a 3-mile radius, households have increased even as population edged down slightly, pointing to smaller household sizes and a broader pool of renter households entering the market. Forward-looking data indicates additional household growth alongside smaller average household size, a combination that can expand the renter pool and support occupancy stability for professionally managed assets.
The property’s 1977 vintage is newer than the neighborhood’s average construction year. That relative youth versus older stock can be a competitive advantage on layouts and systems, though investors should still plan for targeted modernization and building systems updates to sustain rent positioning over a long hold.
Safety indicators compare favorably at the national level, with the neighborhood landing in a higher national percentile relative to many U.S. areas. Recent trends show notable improvement: both violent and property offense estimates posted among the strongest year-over-year declines nationally, reinforcing a constructive trajectory rather than a static snapshot.
Within the Los Angeles metro, comparative standing varies by measure, so investors should assess property-level controls (lighting, access, management practices) alongside neighborhood trends. The overall takeaway is that national benchmarking is solid, while continued on-site diligence remains prudent for underwriting.
Proximity to major employers supports a wide commuter tenant base and leasing stability, with nearby insurance, life sciences, media, and energy offices driving daily demand.
- Thermo Fisher Scientific — life sciences (4.8 miles)
- Farmers Insurance Exchange — insurance (4.9 miles) — HQ
- Charter Communications — telecommunications (10.6 miles)
- Occidental Petroleum — energy (12.1 miles) — HQ
- Disney — media & entertainment (12.4 miles) — HQ
This 41-unit asset in Northridge benefits from a strong renter ecosystem and solid neighborhood operations. According to CRE market data from WDSuite, neighborhood occupancy is 96.8% with renter-occupied units comprising a majority of the housing stock, helping underpin leasing velocity and renewal potential. Elevated ownership costs locally suggest households are more likely to rely on rental housing, supporting depth of demand for well-located, well-managed communities.
The 1977 vintage is relatively newer than much of the surrounding stock, offering a competitive edge versus older comparables, while still leaving room for targeted value-add through system upgrades and unit modernization. Within a 3-mile radius, recent increases in households and a projected shift toward smaller household sizes point to a larger tenant base over time, supporting occupancy stability and pricing power when paired with active asset management.
- High neighborhood occupancy and strong renter concentration support stable leasing
- High-cost ownership market sustains rental demand and potential retention
- 1977 vintage offers competitive positioning with clear value-add pathways
- Amenity-rich area aids tenant satisfaction and reduces turnover risk
- Risks: modest population softening and ongoing capex for aging systems