| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 72nd | Best |
| Amenities | 33rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18414 Vincennes St, Northridge, CA, 91325, US |
| Region / Metro | Northridge |
| Year of Construction | 1985 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18414 Vincennes St Northridge Multifamily Investment
This 28-unit property built in 1985 sits in a neighborhood with strong rental demand, where 59.4% of housing units are renter-occupied according to CRE market data from WDSuite.
The Northridge neighborhood demonstrates solid fundamentals for multifamily investment, ranking in the top quartile nationally for home values at $1.12 million median and generating above-average net operating income per unit at $10,639. The area maintains strong rental demand with 59.4% of housing units occupied by renters, well above the national average and reflecting sustained reliance on rental housing in this high-cost Los Angeles submarket.
Demographics within a 3-mile radius support long-term tenant demand, with 170,000 residents and median household income of $101,000. The neighborhood ranks competitively among 1,441 metro neighborhoods for demographics, with 25.8% of the population aged 18-34 providing a steady renter base. Forecasted growth shows household income rising 34% to $135,311 by 2028, while contract rents are projected to increase 42% to $2,777, indicating strengthening pricing power.
Built in 1985, this property aligns with the neighborhood's average construction year of 1980, suggesting consistent building stock without significant capital expenditure disadvantages. The area's elevated home values and 18.7 value-to-income ratio—ranking in the top percentile nationally—sustain rental demand by limiting ownership accessibility for many households. Current neighborhood occupancy of 80.7% presents potential upside through active management, while childcare density ranks in the 98th percentile nationally, supporting family-oriented tenant retention.
The neighborhood demonstrates improving safety trends with property crime declining 68% and violent crime dropping 80% over the past year. Property crime rates rank in the 72nd percentile nationally, indicating above-average safety performance compared to neighborhoods nationwide. These positive trends support tenant retention and property values in this Los Angeles submarket.
Overall crime metrics place the neighborhood in the 83rd percentile nationally among all neighborhoods, reflecting competitive safety conditions for multifamily properties. The substantial year-over-year crime reductions suggest ongoing improvements that benefit long-term investment stability.
The property benefits from proximity to major corporate employers, providing workforce housing for professionals in biotechnology, insurance, and entertainment sectors within commutable distance.
- Thermo Fisher Scientific — biotechnology services (5.4 miles)
- Farmers Insurance Exchange — insurance headquarters (5.5 miles) — HQ
- Charter Communications — telecommunications (11.2 miles)
- Disney — entertainment headquarters (13.3 miles) — HQ
- Occidental Petroleum — energy headquarters (13.5 miles) — HQ
This 28-unit Northridge property offers exposure to Los Angeles multifamily fundamentals with value-add potential through occupancy optimization. The neighborhood's 80.7% occupancy rate presents upside opportunity, while strong rental demand fundamentals—including 59.4% renter-occupied units and elevated ownership costs—support long-term tenant retention. Built in 1985, the property requires standard capital planning but avoids major vintage disadvantages.
Demographic projections within the 3-mile radius show household income growth of 34% and rent increases of 42% through 2028, according to multifamily property research data. The neighborhood's top-quartile home values and competitive amenity access, particularly high childcare density, reinforce rental housing demand in this established Los Angeles submarket.
- Strong rental demand with 59.4% renter-occupied housing units
- Occupancy upside potential from current 80.7% neighborhood rate
- Projected 42% rent growth and 34% income growth through 2028
- Proximity to major employers including Disney and Farmers Insurance
- Risk: 1985 vintage requires ongoing capital expenditure planning