| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 45th | Fair |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18521 Dearborn St, Northridge, CA, 91324, US |
| Region / Metro | Northridge |
| Year of Construction | 1998 |
| Units | 29 |
| Transaction Date | 2000-07-13 |
| Transaction Price | $253,000 |
| Buyer | COAST ARROW PROPERTIES |
| Seller | SAN FERNANDO VALLEY LAND CO INC |
18521 Dearborn St Northridge Multifamily Investment
Neighborhood-level occupancy has been strong and renter demand is deep in this Los Angeles submarket, according to WDSuite’s CRE market data. These figures reflect the broader Northridge neighborhood, not the property, and point to stable leasing conditions for a well-located 1998 asset.
Located in Northridge within the Los Angeles-Long Beach-Glendale metro, the property benefits from an A- rated neighborhood that is competitive among 1,441 metro neighborhoods (ranked 347). Dining and daily-needs access are robust, with restaurants and pharmacies testing in the top quartile nationally, helping support resident retention and convenience-oriented leasing.
Amenity access is a relative strength: the area ranks 206 out of 1,441 metro neighborhoods for amenities and sits in the top quartile nationally. Cafe and grocery densities are similarly high by national standards, which typically correlates with steady renter interest. Park access is limited locally, so outdoor space and on-site amenities may matter more for marketing and renewal strategies.
The asset’s 1998 construction is newer than the neighborhood’s average vintage (1976). That positioning can improve competitiveness versus older stock while still leaving room for targeted modernization of interiors, building systems, or common areas to capture value-add upside.
Renter concentration at the neighborhood level is high (roughly six in ten housing units are renter-occupied), indicating a large tenant base and durable multifamily demand. Within a 3-mile radius, recent trends show a modest population dip alongside a slight increase in households and a projected rise in higher-income households; this combination suggests smaller household sizes and continued support for multifamily demand and occupancy stability.
Home values measure in the upper tier nationally, a high-cost ownership market that tends to reinforce reliance on rental housing. For operations, this can translate into solid demand and pricing power, while requiring thoughtful lease management given rent-to-income pressures observed in the neighborhood.
Neighborhood safety metrics point to comparatively favorable conditions versus many U.S. areas, with overall crime testing above national medians. Within the Los Angeles-Long Beach-Glendale metro, the neighborhood’s crime ranking (420 out of 1,441) indicates it is competitive relative to a large share of peer neighborhoods.
Recent year-over-year trends show notable improvement, with property and violent offense estimates moving downward, placing the neighborhood in stronger national percentiles for trend direction. As always, investors should evaluate submarket and street-level dynamics over time, but the directional data supports a stable operating outlook without relying on block-level claims.
Proximity to major employers supports a broad commuter tenant base and leasing stability, including insurance, life sciences, telecommunications, media, and entertainment employers noted below.
- Farmers Insurance Exchange — insurance (5.2 miles) — HQ
- Thermo Fisher Scientific — life sciences (5.2 miles)
- Charter Communications — telecommunications (11.3 miles)
- Radio Disney — media (12.6 miles)
- Disney — entertainment (13.4 miles) — HQ
This 29-unit property, built in 1998 with efficient average unit sizes, aligns with strong neighborhood fundamentals: high renter concentration, above-median occupancy, and robust amenity access. According to CRE market data from WDSuite, the neighborhood’s occupancy performance sits in the top quartile nationally, while elevated home values in Los Angeles bolster reliance on multifamily housing. The 1998 vintage is newer than the area’s average stock, positioning the asset well against older competitors while leaving room for targeted upgrades.
Within a 3-mile radius, household counts have edged higher and are projected to rise further even as population trends flatten, pointing to smaller household sizes and a steady renter pool over time. Operators should pair pricing power from a high-cost ownership environment with prudent lease and renewal strategies given neighborhood rent-to-income pressures and mixed school ratings.
- Newer 1998 vintage vs. neighborhood average, supporting competitive positioning with selective value-add potential
- Strong neighborhood occupancy and deep renter-occupied housing base support leasing stability
- High-cost ownership market in Los Angeles underpins multifamily demand and pricing resilience
- Amenity-rich urban setting (restaurants, pharmacies, cafes) enhances resident convenience and retention
- Risks: rent-to-income pressures, limited park access, and lower average school ratings require careful lease management and resident experience focus