| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 65th | Good |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 19241 Nordhoff St, Northridge, CA, 91324, US |
| Region / Metro | Northridge |
| Year of Construction | 1972 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
19241 Nordhoff St Northridge Multifamily Value-Add
Positioned in a high-cost ownership pocket of Northridge with stable low-90s neighborhood occupancy, this asset benefits from durable renter demand and upgrade potential, according to WDSuite’s CRE market data. The location’s amenity access and strong incomes relative to rents support retention and disciplined rent growth management.
Northridge’s Urban Core setting offers everyday convenience and a broad renter base. Neighborhood occupancy is 93.1% (above the national median but trailing many Los Angeles-Long Beach-Glendale submarkets), signaling steady lease-up and generally stable operations, based on CRE market data from WDSuite. The property’s 1972 vintage is older than the neighborhood’s average construction year (1980 across 1,441 metro neighborhoods), which points to value-add and capital planning opportunities to enhance competitiveness.
Amenity access is a local strength: cafes and restaurants index high nationally (around the 90th percentile), and park density is competitive among Los Angeles metro neighborhoods. However, neighborhood-serving essentials like groceries, pharmacies, and childcare are thinner locally, so some trips may be car-dependent—an operational consideration for leasing and renewal strategies rather than a structural drawback.
Tenure patterns favor multifamily demand. Within the neighborhood, about 44.6% of housing units are renter-occupied (84th percentile nationally), indicating a deep tenant base. At the 3-mile radius, data aggregated by WDSuite show renter-occupied share near 49%, reinforcing the depth of demand for apartments and supporting occupancy stability over the hold.
Demographics within a 3-mile radius point to a resilient renter pool: households have grown modestly in recent years with a shift toward smaller household sizes, and forecasts call for a larger count of households despite population contraction—conditions that typically expand the pool of renters and support absorption. Elevated home values (96th percentile nationally) characterize a high-cost ownership market, which can sustain reliance on rentals and bolster lease retention and pricing power for well-positioned units.
Safety indicators compare favorably. The neighborhood ranks near the safer end of Los Angeles-Long Beach-Glendale’s 1,441 neighborhoods and sits in the high national percentiles for overall and violent offense safety, suggesting comparatively lower reported crime than many U.S. areas. Year-over-year estimates indicate notable declines in both violent and property offenses, a constructive trend for resident retention and leasing.
While crime dynamics can vary by block and over time, the current comparative standing—strong nationally and competitive within the metro—supports a stable operating backdrop for multifamily ownership without relying on speculative assumptions.
Nearby employers span life sciences, insurance, telecom, energy, and entertainment—providing a diversified employment base that supports renter demand and commute convenience for workforce and professional tenants. The list below highlights Thermo Fisher Scientific, Farmers Insurance, Charter Communications, Occidental Petroleum, and Disney.
- Thermo Fisher Scientific — life sciences (4.3 miles)
- Farmers Insurance Exchange — insurance (4.5 miles) — HQ
- Charter Communications — telecom & cable (12.1 miles)
- Occidental Petroleum — energy (13.7 miles) — HQ
- Disney — entertainment (14.1 miles) — HQ
19241 Nordhoff St offers a balanced combination of durable demand drivers and actionable upside. Neighborhood occupancy is in the low-90s and the renter-occupied share is elevated, supporting a reliable tenant base. The 1972 vintage, older than nearby stock, presents clear value-add potential through targeted renovations and system upgrades to compete against newer product. Elevated home values in the area reinforce reliance on rentals, aiding lease retention and pricing power for upgraded units.
At the neighborhood level, strong amenity access (notably parks, cafes, and restaurants) and proximity to diversified employers underpin day-to-day livability and leasing appeal. According to commercial real estate analysis from WDSuite, the area’s rent-to-income profile and high-cost ownership context favor sustained multifamily demand without assuming outsized rent growth.
- Demand depth supported by elevated renter concentration and high-cost ownership market
- Stable neighborhood occupancy in the low-90s underpins cash flow consistency
- 1972 vintage offers clear value-add and capex-driven upside
- Diversified nearby employers support leasing velocity and retention
- Risks: older systems may require capital; limited nearby groceries/pharmacies; monitor demographic shifts and leasing tactics