| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 71st | Best |
| Amenities | 92nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18541 Vincennes St, Northridge, CA, 91324, US |
| Region / Metro | Northridge |
| Year of Construction | 1977 |
| Units | 50 |
| Transaction Date | 2011-07-08 |
| Transaction Price | $6,700,067 |
| Buyer | 18541 VINCENNES LLC |
| Seller | CHATEAU VINCENNES PARTNERS LP |
18541 Vincennes St Northridge Multifamily Investment
Renter demand is reinforced by a high neighborhood renter-occupied share and a high-cost ownership market, according to WDSuite’s CRE market data. This combination supports occupancy resilience for a 50-unit asset in Los Angeles County.
Located in Northridge within the Los Angeles metro, the neighborhood posts an A rating and ranks 77 out of 1,441 metro neighborhoods, indicating performance that is competitive among Los Angeles-Long Beach-Glendale subareas. Amenity access is a clear strength with restaurants, groceries, cafes, and pharmacies placing in the top quartile nationally, supporting day-to-day livability that helps leasing and retention.
Neighborhood occupancy is 94.2% (above the national median), and renter-occupied housing accounts for 64.4% of units (95th percentile nationally). For investors, this depth of renter households points to a sizable tenant base and supports demand stability for multifamily, a takeaway consistent with commercial real estate analysis from WDSuite.
Within a 3-mile radius, recent trends show a slight population dip alongside modest household growth and smaller average household sizes over time. This pattern typically expands the renter pool and can support occupancy stability even when headcount softens, particularly in supply-constrained urban core locations.
Home values sit in a high-cost ownership market (95th percentile nationally), while the neighborhood rent-to-income ratio is measured at roughly one-fifth of income. Elevated ownership costs tend to sustain reliance on rentals, which can aid lease retention and pricing power for well-managed assets.
Safety indicators trend favorably in a metro context and compare well nationally. The neighborhood’s crime profile ranks better than many Los Angeles neighborhoods (rank 215 of 1,441, competitive among Los Angeles neighborhoods) and sits in the 81st percentile nationally, indicating safer-than-average conditions compared with neighborhoods across the U.S.
According to WDSuite’s data, estimated property and violent offense rates have moved down sharply year over year, a constructive signal for long-term neighborhood stability. Conditions can vary block to block, so investors typically pair these trends with property-level security and operations planning.
Proximity to diversified employers supports a broad renter base and commute convenience, with nearby roles spanning life sciences, insurance, media, and telecommunications. The list below reflects key demand drivers within practical commuting distance.
- Thermo Fisher Scientific — life sciences (5.3 miles)
- Farmers Insurance Exchange — insurance (5.4 miles) — HQ
- Charter Communications — telecommunications (11.4 miles)
- Radio Disney — media (12.8 miles)
- Disney — entertainment (13.5 miles) — HQ
This 50-unit Northridge asset benefits from strong neighborhood fundamentals: competitive metro ranking, top-quartile amenity access, and a renter-occupied share near two-thirds that supports a deep tenant base. According to CRE market data from WDSuite, neighborhood occupancy is above the national median and home values are elevated relative to national norms, a combination that typically sustains rental demand and supports lease retention for well-located multifamily.
Within a 3-mile radius, household counts are trending up while average household size trends down over time, which can expand the renter pool despite modest population softness. These dynamics, coupled with diversified nearby employers, point to steady leasing fundamentals with potential for operational value capture through modernized management and turns.
- Competitive neighborhood ranking and top-quartile amenities support leasing and retention.
- Renter-occupied share near two-thirds indicates a large tenant base for multifamily.
- Elevated ownership costs reinforce reliance on rentals, aiding pricing power.
- 3-mile household growth and smaller household sizes support renter pool expansion.
- Risk: modest population softness and broader economic swings could temper rent growth and require active asset management.