| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 54th | Fair |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18425 Malden St, Northridge, CA, 91325, US |
| Region / Metro | Northridge |
| Year of Construction | 2009 |
| Units | 36 |
| Transaction Date | 2019-01-07 |
| Transaction Price | $9,250,000 |
| Buyer | 18425 MAIDEN ASSOCIATES LLC |
| Seller | MALDEN MANOR LLC |
18425 Malden St, Northridge CA — 36-Unit 2009 Multifamily
Built in 2009, this 36-unit asset sits in a Los Angeles metro neighborhood with high renter concentration and solid occupancy, according to WDSuite s CRE market data, positioning it for steady tenant demand.
The property is in Northridge (Los Angeles County), an Urban Core neighborhood rated A- and competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 280 out of 1,441). Neighborhood occupancy is strong and has edged higher in recent years, indicating stable leasing conditions at the neighborhood level rather than the property specifically. A high share of housing units are renter-occupied, signaling a deep tenant base and supporting renewal stability for multifamily owners.
Daily needs are well served: grocery and restaurant densities score in the high national percentiles, with pharmacies and cafes also plentiful. These amenity concentrations help underpin renter retention and leasing velocity, particularly for larger unit formats. However, neighborhood park access is limited, which may modestly affect appeal for outdoor-oriented renters and should be weighed in positioning and amenity programming.
The property s 2009 vintage is notably newer than the neighborhood s typical 1960s-era stock. That relative youth improves competitive positioning against older assets and can moderate near-term capital expenditures, though investors should still plan for periodic system refreshes and targeted common-area or interior updates to sustain rent premiums.
Within a 3-mile radius, household counts have trended up while average household size has edged down, pointing to more, smaller households entering the renter pool. Even as population growth is mixed, rising median incomes and a high-cost ownership landscape in the metro tend to reinforce reliance on multifamily, supporting occupancy stability and measured rent growth potential. Based on CRE market data from WDSuite, neighborhood home values are elevated versus national benchmarks, which typically sustains rental demand and pricing power for well-maintained properties.
Safety indicators benchmark favorably in a national context. The neighborhood s crime profile ranks in the upper tiers nationally (around the 79th percentile for overall safety and mid-60s for violent-offense comparisons), suggesting comparatively safer conditions than many U.S. neighborhoods. At the metro level, trends are above average rather than top-of-market, aligning with its A- neighborhood rating among 1,441 Los Angeles metro neighborhoods.
Recent year-over-year estimates show meaningful declines in both violent and property offense rates, which, if sustained, can support tenant retention and reduce operational friction. As always, investors should validate conditions at different times of day and along primary renter commute corridors to understand micro-variations within the neighborhood.
Proximity to diversified employers supports workforce housing demand and commute convenience for renters. Key nearby nodes include life sciences, insurance, telecommunications, and corporate headquarters that can underpin leasing stability.
- Thermo Fisher Scientific — life science (4.7 miles)
- Farmers Insurance Exchange — insurance (4.8 miles) — HQ
- Charter Communications — telecommunications (11.1 miles)
- Occidental Petroleum — energy (12.6 miles) — HQ
- Disney — media & entertainment (12.9 miles) — HQ
- AECOM — engineering & infrastructure (13.4 miles) — HQ
18425 Malden St offers a 2009-vintage, 36-unit footprint in a renter-heavy Los Angeles metro neighborhood with consistently high neighborhood occupancy. The asset s newer construction relative to the area s mid-century stock supports competitive positioning and potentially lower near-term capital needs, while still allowing for targeted value-add to drive rent premiums. Elevated neighborhood home values and solid incomes reinforce sustained reliance on multifamily housing, which can support pricing power and renewal stability.
Within a 3-mile radius, household counts are rising and average household size is trending lower, expanding the renter pool and supporting long-run leasing fundamentals even as broader population shifts remain mixed. According to CRE market data from WDSuite, the neighborhood performs in the top quartile nationally on several housing and amenity indicators and maintains strong occupancy, aligning with a thesis centered on durable demand and disciplined asset management.
- 2009 construction competes well against older local stock, with selective modernization upside
- High renter-occupied share and strong neighborhood occupancy support leasing stability
- Elevated ownership costs in the area sustain multifamily demand and pricing power
- Amenity-rich location near diversified employers underpins workforce demand
- Risks: limited park access and mixed population trends require thoughtful positioning and asset management