| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18541 Vincennes Street Northridge Multifamily Investment
This 50-unit property built in 1977 sits in a top-quartile Los Angeles neighborhood with strong rental demand fundamentals. According to CRE market data from WDSuite, neighborhood occupancy remains stable at 94.2% while renter-occupied units comprise nearly two-thirds of local housing stock.
The Northridge neighborhood ranks in the top quartile nationally among 1,441 metro neighborhoods for overall investment fundamentals, earning an A rating. Built in 1977, this property aligns with the neighborhood's average construction year of 1976, indicating established building stock that may present value-add renovation opportunities for investors focused on modernization and rent optimization.
Rental demand fundamentals remain strong with 64.4% of housing units occupied by renters, ranking in the 95th percentile nationally. Neighborhood occupancy holds at 94.2%, though slightly below metro averages. Median contract rents of $1,670 reflect affordability relative to the broader Los Angeles market, while home values averaging $779,450 help sustain rental demand by keeping ownership costs elevated for many households.
Demographics within a 3-mile radius show a mature rental market with 168,244 residents and median household income of $101,398. Population has remained stable with modest growth of 1.6% over five years. The area maintains strong amenity density, ranking in the 92nd percentile nationally with 23.24 restaurants per square mile and robust grocery access at 5.53 stores per square mile, supporting tenant retention through convenience and lifestyle appeal.
The neighborhood demonstrates improving safety trends with property crime rates declining 82.8% year-over-year, ranking in the 98th percentile nationally for crime reduction. Violent crime rates also dropped significantly by 93.0%, placing the area in the 99th percentile for violent crime improvement. Current property offense rates of 161.2 per 100,000 residents rank above metro median among Los Angeles neighborhoods.
While absolute crime levels remain moderate compared to the broader metro area, the substantial year-over-year improvements in both property and violent crime metrics suggest positive neighborhood trajectory that may support tenant confidence and retention over time.
The San Fernando Valley location provides access to major corporate employers within commuting distance, supporting workforce housing demand from diverse industries including life sciences, insurance, and entertainment.
- Thermo Fisher Scientific — life sciences & laboratory services (5.3 miles)
- Farmers Insurance Exchange — insurance services (5.4 miles) — HQ
- Charter Communications — telecommunications (11.4 miles)
- Disney — entertainment & media (13.5 miles) — HQ
- Live Nation Entertainment — entertainment & events (14.0 miles) — HQ
This Northridge property offers exposure to a stable rental market with strong fundamentals supported by high renter occupancy and improving safety metrics. The 1977 construction year presents potential value-add opportunities through strategic renovations and unit upgrades, while the neighborhood's top-quartile ranking reflects solid long-term investment characteristics including amenity access and demographic stability.
Rental demand benefits from elevated home ownership costs that keep households in the rental market, while the area's 64.4% renter occupancy rate demonstrates sustained multifamily demand. Five-year demographic projections within the 3-mile radius show household income growth of 33%, which may support future rent growth potential alongside the property's value-add renovation opportunities.
- A-rated neighborhood ranking in top quartile among 1,441 Los Angeles metro neighborhoods
- Strong rental fundamentals with 64.4% renter occupancy and 94.2% neighborhood occupancy
- Value-add potential from 1977 vintage allowing modernization and rent optimization
- Projected household income growth of 33% over five years supporting rent growth potential
- Risk consideration: Neighborhood occupancy slightly below metro averages requires active lease management