| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 65th | Good |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 19039 Nordhoff St, Northridge, CA, 91324, US |
| Region / Metro | Northridge |
| Year of Construction | 1984 |
| Units | 35 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
19039 Nordhoff St Northridge Multifamily Investment
Renter demand is supported by an elevated renter-occupied share in the surrounding neighborhood and occupancy that has held near typical Los Angeles levels, according to WDSuite’s CRE market data. For investors, the combination points to a durable tenant base rather than outsized lease-up risk at the submarket level.
Positioned in Northridge within Los Angeles County, the asset sits in an Urban Core neighborhood rated B, where dining and leisure access outpaces daily services. Restaurant and cafe density score well compared with neighborhoods nationwide, while park access is also strong; by contrast, immediate counts for grocery and pharmacy options are thinner. For leasing, that mix tends to favor lifestyle appeal and evening traffic, with some residents likely relying on short drives for everyday errands.
The property s 1984 vintage is slightly newer than the neighborhood s average construction year, which can bolster competitive positioning versus older stock. Investors should still plan for system updates typical of 1980s projects, with potential to capture value through targeted modernization.
Neighborhood-level rents are among the higher tiers regionally, yet rent-to-income levels indicate comparatively moderate affordability pressure, which can aid retention and reduce turnover risk. Median home values in the area are elevated relative to national norms, a high-cost ownership backdrop that generally sustains reliance on multifamily housing and supports pricing power over time.
Within a 3-mile radius, demographics show a modest population dip alongside a current increase in households and a projected rise in household counts as average household size trends smaller. That pattern typically expands the renter pool and supports occupancy stability even if headcount growth is muted, based on CRE market data from WDSuite.
Safety indicators compare favorably. The neighborhood ranks competitively among 1,441 Los Angeles metro neighborhoods, and crime levels sit in the higher (safer) national percentiles compared with neighborhoods nationwide. Recent year-over-year trends also point to improvement in both property and violent offense rates, suggesting momentum rather than deterioration.
Nearby corporate employment spans life sciences, insurance, telecom/media, and energy, supporting a broad commuter tenant base and steady leasing from professionals working within a 5 14 mile radius. The list below highlights key employers by proximity that can underpin retention and absorption.
- Thermo Fisher Scientific life sciences (4.6 miles)
- Farmers Insurance Exchange insurance (4.7 miles) HQ
- Charter Communications telecom & media (11.9 miles)
- Radio Disney media (13.1 miles)
- Occidental Petroleum energy (13.6 miles) HQ
This 35-unit asset offers exposure to a renter-heavy Los Angeles neighborhood where occupancy has been steady at neighborhood levels and homeownership costs remain elevated relative to national norms. The 1984 construction provides a slight edge versus older nearby stock, while leaving room for value-add through selective renovations and system upgrades. According to CRE market data from WDSuite, neighborhood rents sit in a higher tier but rent-to-income levels indicate manageable affordability pressure, supporting retention.
Within a 3-mile radius, households have grown despite softer population trends, and are projected to expand further as average household size declines dynamics that typically broaden the tenant base and support leasing durability. Amenity access is strongest for dining, cafes, and parks, complemented by a diverse white-collar employment base within a short commute.
- Elevated renter concentration at the neighborhood level supports a deeper tenant base and steady leasing
- 1984 vintage offers competitive positioning vs. older stock with value-add potential via modernization
- High-cost ownership market reinforces reliance on rentals, aiding pricing power and retention
- Household growth within 3 miles, even alongside modest population softness, expands the renter pool
- Risks: aging 1980s systems may require capex; amenities skew to dining/parks more than daily services; neighborhood occupancy performance is closer to typical than leading