| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 34th | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18558 Roscoe Blvd, Northridge, CA, 91324, US |
| Region / Metro | Northridge |
| Year of Construction | 1972 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18558 Roscoe Blvd Northridge Multifamily Investment
This 46-unit property in a high-rental demand neighborhood offers exposure to stable occupancy trends and strong renter demographics, according to CRE market data from WDSuite.
The Northridge neighborhood demonstrates solid multifamily fundamentals with 58.6% of housing units renter-occupied, placing it in the top quartile nationally for rental concentration. This high renter share supports consistent tenant demand for properties like 18558 Roscoe Blvd. Neighborhood-level occupancy runs at 91.4%, indicating stable absorption despite some softening over the past five years.
Demographics within a 3-mile radius show a mature renter base with median household income of $90,925 and balanced age distribution across working-age cohorts. The area benefits from strong grocery store density and pharmacy access, ranking in the 95th and 98th percentiles nationally respectively for these tenant-focused amenities. Current median contract rent of $1,870 reflects moderate affordability pressure but supports retention in a market where home values average $724,091.
The property's 1972 construction year aligns with neighborhood averages but suggests potential value-add opportunities through targeted capital improvements. Net operating income per unit in the area averages $14,958, ranking in the top quartile among Los Angeles metro neighborhoods, indicating strong revenue generation potential for well-positioned assets.
The neighborhood demonstrates improving safety trends with property crime rates declining 89.3% year-over-year and violent crime down 91.9%, placing these improvement metrics in the top percentile nationally. Current crime levels rank in the upper quartile among the 1,441 neighborhoods in the Los Angeles metro area, supporting tenant retention and leasing stability.
The area benefits from proximity to major corporate employers that support workforce housing demand, including Thermo Fisher Scientific, Farmers Insurance, and entertainment industry leaders.
- Thermo Fisher Scientific — life sciences (4.3 miles)
- Farmers Insurance Exchange — insurance HQ (4.4 miles)
- Charter Communications — telecommunications (11.2 miles)
- Disney — entertainment HQ (13.0 miles)
This 46-unit Northridge property offers exposure to a neighborhood with above-average renter concentration and stable occupancy fundamentals. The 1972 vintage presents value-add potential through strategic capital improvements, while strong local amenity access and proximity to major employers support tenant retention. Multifamily property research indicates the area generates competitive NOI per unit relative to the broader Los Angeles market.
Demographics within a 3-mile radius show household growth and income stability, supporting rental demand over the medium term. The neighborhood's high renter share and improving safety metrics create favorable operating conditions, though investors should monitor rent-to-income ratios and potential ownership competition as market conditions evolve.
- High renter concentration (58.6%) supports consistent tenant demand
- Strong NOI per unit performance relative to metro averages
- Value-add potential from 1972 construction vintage
- Proximity to major corporate employers supports workforce housing demand
- Risk: Monitor rent affordability pressures and ownership market competition