| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 65th | Good |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 19201 Nordhoff St, Northridge, CA, 91324, US |
| Region / Metro | Northridge |
| Year of Construction | 1996 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
19201 Nordhoff Street Northridge Multifamily Investment
This 72-unit property in Northridge benefits from neighborhood-level occupancy at 93.1% and median rents of $2,246, according to CRE market data from WDSuite.
Built in 1996, this 72-unit property sits within a neighborhood that ranks in the top quartile nationally for crime safety (88th percentile). The area maintains stable occupancy at 93.1%, though slightly below the metro median among Los Angeles neighborhoods. Median contract rents of $2,246 reflect strong pricing power, ranking in the 95th percentile nationally.
Demographics within a 3-mile radius show a population of approximately 190,600 residents with median household income of $95,152. The area maintains a balanced renter-owner split with 48.5% of housing units occupied by renters, supporting consistent rental demand. Household income projections indicate growth to $124,478 by 2028, potentially strengthening tenant purchasing power and lease retention.
The neighborhood offers moderate amenity density with 1.6 cafes and parks per square mile, both ranking in the 90th percentile nationally. However, grocery stores and childcare facilities show limited local density, which may impact tenant convenience. The area's 26.4% bachelor's degree attainment rate ranks in the 77th percentile nationally, indicating an educated renter base that typically supports lease stability.
The neighborhood demonstrates strong safety metrics, ranking 66th among 1,441 Los Angeles metro neighborhoods for overall crime, placing it in the 88th percentile nationally. Violent crime rates are particularly low at 3.5 incidents per 100,000 residents, ranking in the 87th percentile compared to neighborhoods nationwide.
Property crime trends show improvement with rates declining 76.9% year-over-year, ranking in the 97th percentile for crime reduction nationally. These safety fundamentals support tenant retention and can facilitate competitive lease rates in the multifamily market.
The area benefits from proximity to major corporate employers including life sciences, insurance, and entertainment companies that support workforce housing demand.
- Thermo Fisher Scientific — life sciences (4.4 miles)
- Farmers Insurance Exchange — insurance (4.6 miles) — HQ
- Charter Communications — telecommunications (12.0 miles)
- Disney — entertainment (14.0 miles) — HQ
- Live Nation Entertainment — entertainment (14.1 miles) — HQ
This 1996-vintage property positions investors in a neighborhood with above-average safety metrics and stable rental fundamentals. With neighborhood-level occupancy at 93.1% and median rents at $2,246, the asset benefits from pricing power that ranks in the 95th percentile nationally. The 28-year-old construction provides opportunities for value-add improvements while avoiding major structural capital expenditures typical of older properties.
Demographics within a 3-mile radius support long-term rental demand, with household income projected to grow 31% to $124,478 by 2028. The balanced tenure mix of 48.5% renter-occupied units indicates stable rental market conditions. According to multifamily property research from WDSuite, the neighborhood's crime ranking in the top quartile nationally enhances tenant retention prospects and supports competitive lease rates.
- Neighborhood occupancy at 93.1% indicates stable rental demand
- Median rents of $2,246 rank in 95th percentile nationally
- Top quartile safety ranking supports tenant retention
- 1996 construction allows value-add potential without major structural risk
- Monitor rent-to-income ratios as household income growth may lag rent increases