| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18521 Dearborn St Northridge Multifamily Investment
Neighborhood fundamentals point to resilient renter demand and high occupancy in the immediate area, according to WDSuite’s CRE market data, offering investors a stable leasing backdrop with pricing supported by a high-cost ownership market.
Located in Northridge within the Los Angeles metro, the neighborhood ranks in the top quartile among 1,441 metro neighborhoods for overall performance (A- rating), indicating competitive positioning for multifamily relative to nearby submarkets. The property’s 1998 vintage is newer than the neighborhood average (1976), which generally supports leasing competitiveness versus older stock while still leaving room for targeted modernization and systems upgrades as part of a value-add plan.
Amenity access is a clear strength: restaurants and cafes score in the top national percentiles, and grocery and pharmacy density is also strong. This concentration of daily conveniences tends to support renter retention and reduces reliance on long commutes for essentials. Park access is limited, which investors should weigh against the otherwise robust amenity mix. Average school ratings trend below national midpoints, a factor to consider for family-oriented tenant segments.
Renter-occupied housing makes up a substantial share of neighborhood units, signaling a deep tenant base and consistent multifamily demand. Neighborhood occupancy is high and has held near the upper-90s range in recent readings, supporting income stability for well-managed assets. Median home values are elevated versus national norms, which typically reinforces reliance on rental options and can support pricing power for quality units.
Within a 3-mile radius, household counts have grown recently and are projected to increase further even as average household size trends smaller. This combination points to a larger pool of households competing for units and can support occupancy stability and absorption for professionally managed properties. Based on CRE market data from WDSuite, neighborhood NOI per unit trends above national averages, aligning with the area’s strong amenity base and renter demand.
Safety indicators compare favorably to many Los Angeles neighborhoods, with the area performing competitive among 1,441 metro neighborhoods and above national midpoints. According to WDSuite, recent year-over-year trends show notable declines in both violent and property offense estimates, suggesting improving conditions. As always, investors should underwrite to submarket- and property-level security measures rather than block-level assumptions.
Proximity to diverse employers supports a broad renter pool and lease retention, led by insurance, life sciences, media, and entertainment offices within commutable distances.
- Farmers Insurance Exchange — insurance (5.2 miles) — HQ
- Thermo Fisher Scientific — life sciences (5.2 miles)
- Charter Communications — telecom & media (11.3 miles)
- Radio Disney — media (12.6 miles)
- Disney — entertainment (13.3 miles) — HQ
18521 Dearborn St offers investors a 29-unit asset positioned in a neighborhood that ranks in the top quartile among 1,441 Los Angeles metro neighborhoods, with strong amenity density and a majority renter-occupied housing base supporting demand. The 1998 vintage is newer than the neighborhood average, which can provide a leasing edge versus older comparables while still allowing room for selective upgrades to drive rent differentiation and retention. According to WDSuite’s CRE market data, neighborhood occupancy has been strong, and elevated ownership costs locally tend to sustain renter reliance on multifamily housing.
Within a 3-mile radius, household counts have risen and are projected to expand further even as household sizes decline, implying a larger tenant base and steady absorption potential. Elevated home values point to a high-cost ownership market, supporting pricing power for quality units, while below-average school ratings and limited park access are considerations for certain renter segments and community programming.
- Newer 1998 construction versus neighborhood average, with value-add upside through targeted modernization
- Strong neighborhood occupancy and majority renter-occupied housing support income stability
- High-cost ownership market reinforces multifamily demand and pricing power
- Amenity-rich location (food, grocery, pharmacy) aids retention and leasing velocity
- Risks: affordability pressure and below-average school ratings may require focused lease management and resident services