| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 71st | Best |
| Amenities | 92nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18550 Vincennes St, Northridge, CA, 91324, US |
| Region / Metro | Northridge |
| Year of Construction | 1980 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18550 Vincennes St Northridge Multifamily Investment
Renter demand is supported by an amenity-rich urban core and a neighborhood renter-occupied share well above national norms, according to WDSuite’s CRE market data. Expect steady leasing dynamics with room for value-add execution rather than reliance on outsized rent growth.
The property sits in an Urban Core pocket of Northridge that ranks in the top quartile among 1,441 Los Angeles metro neighborhoods (A rating), indicating competitive fundamentals for multifamily. Daily needs are convenient with strong density of groceries, restaurants, cafes, and pharmacies — all rating in the mid‑90s national percentiles — which supports resident retention and broad appeal to working households.
Neighborhood occupancy trends are solid relative to the nation (roughly two‑thirds national percentile), and the share of housing units that are renter‑occupied is high (95th percentile nationally). For investors, that renter concentration points to a deep tenant base and supports ongoing leasing stability across cycles.
Within a 3‑mile radius, demographics show modest population softening alongside an increase in households and a forecast for smaller average household sizes. This combination typically expands the renter pool and supports absorption for a range of unit types. Median incomes have been rising and are projected to continue growing, which can underpin lease retention and measured rent trade‑ups.
Home values benchmark in the mid‑90s national percentile, signaling a high‑cost ownership market. In this context, multifamily competes well as more accessible housing, and a neighborhood rent‑to‑income ratio around the low‑20% range suggests manageable affordability pressure that can aid resident retention and reduce turnover risk.
Safety indicators compare favorably with the broader U.S. The neighborhood scores in the low‑80s national percentile for overall crime safety, placing it above most neighborhoods nationwide. Property and violent offense measures also sit above national averages for safety, and recent year‑over‑year estimates indicate marked improvement — a constructive trend for tenant perception and leasing stability.
Within the Los Angeles metro context, this area performs competitively; investors should still underwrite typical urban risk management (lighting, access controls, and monitoring) while recognizing that comparative safety metrics align with top‑quartile national positioning.
Proximity to diversified employers supports a steady renter base and commute convenience for residents. Notable nearby employment nodes include life sciences, insurance, media, and telecom anchors listed below.
- Thermo Fisher Scientific — life sciences (5.2 miles)
- Farmers Insurance Exchange — insurance (5.3 miles) — HQ
- Charter Communications — telecom offices (11.4 miles)
- Radio Disney — media offices (12.8 miles)
- Disney — entertainment (13.5 miles) — HQ
Built in 1980 and sized for institutional management at 30 units, the asset benefits from an amenity‑rich Northridge location where renter‑occupied concentration is high and neighborhood occupancy trends sit above national medians. According to CRE market data from WDSuite, home values rank high nationally, reinforcing sustained reliance on rental housing and supporting pricing power without depending on aggressive rent growth.
The vintage suggests potential for targeted value‑add — unit refreshes and systems modernization — to improve positioning against newer supply while leveraging a diverse employment base within a commutable radius. Forward‑looking 3‑mile demographics indicate rising household counts and smaller household sizes, which typically expand the renter pool and support occupancy stability, though investors should monitor population softness and underwrite measured lease-up assumptions.
- Amenity‑dense Urban Core location with top‑quartile metro ranking and strong daily‑needs access
- High renter‑occupied share supports deep tenant base and steady leasing
- 1980 vintage offers clear value‑add path via interior refresh and systems updates
- Elevated ownership costs in the area reinforce multifamily demand and pricing resilience
- Risk: modest population softness and cyclical exposure warrant conservative growth and retention assumptions