| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 71st | Best |
| Amenities | 92nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18540 Citronia St, Northridge, CA, 91324, US |
| Region / Metro | Northridge |
| Year of Construction | 1986 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18540 Citronia St Northridge Multifamily Investment Thesis
Strong renter concentration and an amenity-rich pocket of Northridge support durable leasing, according to WDSuite’s CRE market data. Neighborhood fundamentals point to steady occupancy with pricing supported by a high-cost ownership market.
Located in Northridge within the Los Angeles-Long Beach-Glendale metro, the neighborhood rates highly (A) and is competitive among 1,441 metro neighborhoods, reflecting mature urban-core dynamics and diversified demand drivers. Amenity access is a clear strength, with restaurants, groceries, cafes, parks, and pharmacies all benchmarking in the top quartile nationally—helpful for tenant retention and day-to-day convenience.
Occupancy across the neighborhood is solid and sits above national medians, supporting income stability for well-managed assets. The share of housing units that are renter-occupied is elevated, indicating a deep tenant base and consistent leasing velocity for multifamily owners.
Within a 3-mile radius, households have trended upward while average household size has edged down, and forecasts show a further increase in household counts alongside smaller household sizes. That combination typically expands the renter pool and supports occupancy stability, even if population growth is modest, by bringing more households into the market seeking professionally managed units.
The property’s 1986 vintage is newer than the neighborhood’s average construction year. That positioning can be competitively advantageous versus older stock, while investors should still plan for selective system updates or renovations to maintain relevance and capture value-add upside.
Elevated home values (high percentile nationally) frame this as a high-cost ownership market, which tends to reinforce renter reliance on multifamily housing. With rent-to-income levels that indicate manageable affordability pressure for the area, owners may find support for retention and measured rent growth, subject to asset quality and lease management.
Relative to Los Angeles-Long Beach-Glendale peers, the area benchmarks above the metro average on safety, and is in the upper tier nationally (top quartile). Recent trends also indicate notable year-over-year declines in both property and violent offenses, suggesting improving conditions compared with many neighborhoods nationwide.
As always, safety can vary by block and over time, so investors should review current, property-level data and engage local management insights to validate on-the-ground conditions.
Nearby corporate nodes provide a broad employment base that supports renter demand and commute convenience, led by life sciences, insurance, telecommunications, media, and pharmaceutical distribution.
- Thermo Fisher Scientific — life sciences equipment (5.3 miles)
- Farmers Insurance Exchange — insurance (5.6 miles) — HQ
- Charter Communications — telecommunications (11.5 miles)
- Radio Disney — media (12.9 miles)
- AmerisourceBergen — pharmaceutical distribution (13.4 miles)
18540 Citronia St offers investors leverage to a renter-driven Northridge location with strong amenity access and a high-cost ownership backdrop that supports sustained multifamily demand. Based on CRE market data from WDSuite, neighborhood occupancy is steady and renter-occupied share is high, reinforcing depth of the tenant base and potential leasing durability relative to many metro peers.
The 1986 vintage is newer than the local average, offering competitive positioning versus older inventory and a clear path for value-add through targeted modernization and system upgrades. Within a 3-mile radius, forecasts point to rising household counts and smaller household sizes, which typically expand the renter pool and can support rent growth over time, subject to execution and broader market conditions.
- Amenity-rich, competitive LA neighborhood supporting tenant retention
- Elevated renter-occupied share indicates deep demand and stable leasing
- 1986 vintage with value-add potential through selective upgrades
- High-cost ownership market reinforces reliance on rentals and pricing power
- Risks: modest regional population growth and capex needs for aging systems