| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 71st | Best |
| Amenities | 92nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18531 Prairie St, Northridge, CA, 91324, US |
| Region / Metro | Northridge |
| Year of Construction | 1977 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18531 Prairie St, Northridge CA Multifamily Investment
Positioned in a high-amenity Los Angeles submarket with solid renter depth and stable neighborhood occupancy, this 27‑unit asset offers durable cash flow potential, according to WDSuite’s CRE market data.
Northridge sits in an Urban Core pocket that ranks in the top quartile among 1,441 Los Angeles–Long Beach–Glendale metro neighborhoods, with amenities scoring strong nationally. Restaurants, groceries, cafes, pharmacies, and parks all test well on a national basis (many in the 90th percentile range), supporting day‑to‑day livability and leasing appeal for workforce and professional renters.
Neighborhood occupancy is reported at the neighborhood level and trends above the national median, which has supported income stability in comparable assets. The renter-occupied share is high for the area (top national percentile), indicating a deep tenant base that typically supports leasing velocity and renewals.
Within a 3‑mile radius, demographics show a large, mixed-age workforce and rising household incomes over recent periods, with households projected to continue increasing even as household sizes trend smaller. For multifamily owners, a growing household count and smaller average household size point to sustained demand for smaller floor plans and steady absorption of one‑bedroom inventory.
Home values in the immediate neighborhood are elevated on a national basis, placing the area firmly in a high-cost ownership market. That backdrop typically sustains reliance on multifamily housing and can reinforce pricing power, while neighborhood rent-to-income levels remain manageable relative to peers—supportive of retention and lease management.
Safety indicators benchmark favorably versus national norms. Overall crime measures place the neighborhood above the national average for safety, with violent and property offense rates both trending in safer territory nationally. Recent year-over-year estimates also indicate meaningful improvements, suggesting a constructive trend rather than a one‑off reading.
At the metro scale (1,441 neighborhoods), the area compares well to many Los Angeles neighborhoods, providing investors with context for tenant retention and leasing stability. As always, safety varies block to block; investors should pair these neighborhood‑level readings with property‑level due diligence.
The employment base combines life sciences, insurance, media, and energy, supporting commuter convenience and a diversified renter pool for nearby multifamily. Notable employers within typical commuting range include Thermo Fisher Scientific, Farmers Insurance Exchange, Charter Communications, Disney, and Occidental Petroleum.
- Thermo Fisher Scientific — life sciences (5.2 miles)
- Farmers Insurance Exchange — insurance (5.3 miles) — HQ
- Charter Communications — telecommunications (11.4 miles)
- Radio Disney — media (12.7 miles)
- Disney — entertainment (13.4 miles) — HQ
- Occidental Petroleum — energy (13.5 miles) — HQ
This 27‑unit property in Northridge benefits from a high-amenity Urban Core location and neighborhood occupancy that trends above national norms. A high renter-occupied share signals depth in the tenant base, while elevated ownership costs nearby support continued reliance on rental housing. According to CRE market data from WDSuite, neighborhood performance metrics sit above metro medians across amenities and NOI per unit, consistent with durable demand for well‑located, smaller‑format units.
Within a 3‑mile radius, households are projected to expand even as average household size declines, indicating a larger pool of renters and steady absorption potential—well matched to the property’s average unit size near the one‑bedroom range. Key risks include modest softening in neighborhood occupancy over the past several years and broader macro sensitivities in Los Angeles; however, diversified nearby employment and a high-cost ownership landscape help underpin leasing fundamentals.
- High-amenity Urban Core location with nationally strong convenience indices
- Above-average neighborhood occupancy supports income stability
- Elevated home values reinforce renter reliance and pricing power
- 3‑mile household growth and smaller household sizes align with smaller units
- Risks: recent occupancy softening and macro volatility in Los Angeles