| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 71st | Best |
| Amenities | 92nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18557 Plummer St, Northridge, CA, 91324, US |
| Region / Metro | Northridge |
| Year of Construction | 1998 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18557 Plummer St, Northridge CA Multifamily Investment
Neighborhood occupancy has held in the mid-90s with a high share of renter-occupied units, supporting durable leasing conditions according to WDSuite s CRE market data.
Positioned in Northridge (Los Angeles County), the property sits within a neighborhood rated A and ranked 77th of 1,441 in the Los Angeles-Long Beach-Glendale metro 2 a top quartile location that has historically supported stable multifamily performance, based on WDSuite s CRE market data.
Daily-needs access is a strength: restaurants and groceries score in the mid-90s nationally by amenity density, with cafes, parks, and pharmacies also well above national medians. This level of amenity concentration helps with leasing velocity and retention for workforce and professional renters who prioritize convenience.
The neighborhood s renter concentration is elevated (measured as the share of housing units that are renter-occupied), creating a deep tenant base and supporting occupancy stability over time. At the same time, median home values in the area are high relative to income locally, indicating a high-cost ownership market that tends to sustain rental demand and pricing power for well-managed assets.
Vintage positioning: constructed in 1998 versus a neighborhood average vintage in the 1970s, the asset is newer than much of the surrounding stock. That typically enhances competitive standing against older product while still warranting selective modernization planning for systems and finishes to protect rents and reduce near-term CapEx surprises.
Within a 3-mile radius, demographic statistics show households have increased in recent years and are projected to continue rising as average household size trends lower. This points to a larger household count even amid flat-to-soft population trends, which can translate into a broader renter pool and support for occupancy and lease-up, according to WDSuite s commercial real estate analysis.
Safety indicators compare favorably: the neighborhood is in the top quartile for safety among 1,441 Los Angeles metro neighborhoods and ranks well versus areas nationwide. Recent year data also shows notable declines in both property and violent offense rates, a constructive trend for renter sentiment and retention.
As always with urban infill locations, conditions can vary block to block; investors should consider property-level security measures and management practices in addition to neighborhood trends when underwriting.
Nearby employers span insurance, media, communications, and life sciences 4a diversified base that supports renter demand through commute convenience and varied wage bands. The list below highlights key names within roughly 5 14 miles that anchor employment in the area.
- Thermo Fisher Scientific d life sciences (5.26 miles)
- Farmers Insurance Exchange d insurance (5.42 miles) d HQ
- Charter Communications d communications (11.47 miles)
- Radio Disney d media (12.84 miles)
- Disney d media & entertainment (13.56 miles) d HQ
This 30-unit, 1998-vintage asset benefits from a high-performing Northridge location with strong amenity access, elevated renter concentration, and neighborhood occupancy around the mid-90s. A high-cost ownership market in Los Angeles supports renter reliance on multifamily housing, aiding pricing power and lease retention for well-maintained units. According to CRE market data from WDSuite, the neighborhood ranks in the top quartile locally and performs above national medians on several renter-demand drivers.
Within a 3-mile radius, households are rising even as average household size trends lower, pointing to more households and a potentially larger renter pool over time. Being newer than the neighborhood s average vintage, the property is competitively positioned versus older stock while still offering selective value-add and systems modernization opportunities to drive NOI and reduce longer-term CapEx risk.
- Top-quartile Los Angeles neighborhood with strong amenity density and renter demand
- 1998 construction offers competitive positioning versus older nearby stock with targeted value-add upside
- High-cost ownership market reinforces multifamily demand and supports rent durability
- Within 3 miles, rising household counts and smaller household sizes expand the renter pool
- Risks: forecast population softness and typical LA regulatory/operating complexity warrant conservative underwriting