| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 65th | Good |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 19053 Nordhoff St, Northridge, CA, 91324, US |
| Region / Metro | Northridge |
| Year of Construction | 2005 |
| Units | 86 |
| Transaction Date | 1998-07-27 |
| Transaction Price | $748,000 |
| Buyer | 19053 NORDHOFF STREET PARTNERS LLC |
| Seller | GARDENVIEW TERRACE HOMEOWNERS CO LLC |
19053 Nordhoff St Northridge Multifamily Investment Opportunity
Neighborhood fundamentals point to steady renter demand and low-90s occupancy, according to WDSuite s CRE market data, with elevated ownership costs in Los Angeles County supporting leasing durability. This 2005 asset in an Urban Core pocket of Northridge benefits from a broad tenant base and proximity to major employment nodes.
Northridge classified as an Urban Core area offers a livable mix of conveniences and access. Caf s and restaurants are dense by national standards (both near the 90th percentile nationwide), while parks also score strong. Grocery and pharmacy access within the immediate neighborhood is thinner, which investors should consider when positioning amenities and services on site. Compared with the Los Angeles-Long Beach-Glendale metro, these amenity patterns place the area competitive among 1,441 metro neighborhoods for leisure options, though daily-needs retail is less represented.
For multifamily demand, the neighborhood shows a renter-occupied share that ranks in the upper tier nationally (84th percentile), indicating meaningful depth in the tenant pool and potential support for occupancy stability. Neighborhood occupancy trends sit around the low-90s close to national norms and pricing sits in the higher national percentiles, which suggests the submarket can sustain market-rate product but calls for attentive lease management to support retention.
Within a 3-mile radius, population has edged down slightly over the past five years, but households have increased and are projected to grow further, implying smaller average household sizes and a broader renter pool. Income levels are rising in this radius, which tends to support rent collections and renewal rates. Median home values in the neighborhood are elevated relative to national benchmarks, reinforcing reliance on multifamily housing and providing some pricing power for well-managed assets.
The property was built in 2005, newer than the neighborhood s average vintage (1980). That positioning can reduce near-term capital intensity versus older stock and supports competitiveness, though investors should still underwrite typical mid-life system updates and modernization to meet current renter expectations.
Safety indicators benchmark favorably in a national context, with the neighborhood landing in the upper deciles nationally for lower estimated crime. Relative to the Los Angeles-Long Beach-Glendale metro which includes 1,441 neighborhoods this area performs above the metro median on safety, and recent year-over-year measures show meaningful declines in both property and violent offense estimates. For investors, this supports leasing momentum and renewal potential without over-relying on concessions.
Proximity to diversified employers underpins renter demand, with nearby healthcare/life sciences, insurance, media, and energy offices supporting a wide commuting workforce. The list below highlights key anchors likely to influence leasing and retention at this address.
- Thermo Fisher Scientific life sciences offices (4.5 miles)
- Farmers Insurance Exchange insurance (4.6 miles) HQ
- Charter Communications telecommunications (11.9 miles)
- Radio Disney media (13.1 miles)
- Occidental Petroleum energy (13.6 miles) HQ
19053 Nordhoff St combines a 2005 vintage with Northridge s Urban Core fundamentals to target durable renter demand. Elevated neighborhood home values and an above-average renter concentration support a broad tenant base, while occupancy operates around the low-90s. According to CRE market data from WDSuite, local amenities skew toward dining, parks, and caf s a plus for lifestyle appeal though daily-needs retail is thinner, suggesting on-site conveniences and resident services can differentiate.
Within a 3-mile radius, households are growing even as population trends level, pointing to smaller household sizes and a larger pool of renters over time. Income gains and projected rent growth in the area reinforce revenue potential, and the 2005 construction provides competitive positioning versus older Los Angeles inventory, with scope to create value through selective renovations and modernization.
- 2005 construction offers competitive positioning versus older stock, with manageable mid-life CapEx planning.
- Elevated home values sustain reliance on rentals, supporting pricing power and lease retention.
- Strong renter concentration and proximity to diversified employers underpin occupancy stability.
- Household growth within 3 miles and rising incomes expand the tenant base and collections potential.
- Risks: thinner grocery/pharmacy access and regional demand variability require focused amenities and active lease management.