| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 62nd | Good |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 19455 Parthenia St, Northridge, CA, 91324, US |
| Region / Metro | Northridge |
| Year of Construction | 2007 |
| Units | 77 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
19455 Parthenia St, Northridge Multifamily Investment
2007 vintage, 77 units in Northridge’s inner-suburb setting offers competitive positioning versus older stock and access to strong daily-needs amenities, according to WDSuite’s CRE market data.
Northridge functions as an inner-suburb node within Los Angeles, with everyday convenience that supports renter retention. Neighborhood amenity access rates among the top quartile nationally for groceries and pharmacies, and is also strong for restaurants and cafes. This translates into practical walk/drive convenience for residents and helps sustain leasing velocity even when pricing adjusts.
At the neighborhood level, occupancy trends are softer than national norms, so lease-up and renewal strategies matter. However, within a 3-mile radius, households have grown modestly in recent years and are projected to expand further even as average household size declines, indicating a larger number of smaller households and a broader tenant base entering the market. The share of housing units that are renter-occupied in the 3-mile radius is currently near parity with owners and is projected to remain substantial, supporting depth of demand for multifamily units.
Income levels in the immediate area are comparatively high, and neighborhood home values are elevated by national standards. In this kind of high-cost ownership market, many households continue to rely on multifamily options, which can reinforce tenant retention and reduce turnover volatility for well-operated assets. Rent-to-income dynamics track as manageable for many local renters, which can support collections and stabilize effective rents during normal cycles.
The property’s 2007 construction is newer than the neighborhood’s average vintage, offering relative competitiveness against older multifamily stock. Mid-life capital planning may still be warranted, but the asset’s age profile positions it well for targeted updates and modernization aimed at driving renewals and selective rent premiums.
Safety indicators, framed at the neighborhood level, compare favorably against many U.S. neighborhoods, with national measures placing the area in the stronger tiers. Recent trend data shows meaningful declines in both property and violent offense rates over the past year, which supports day-to-day livability and leasing narratives.
As with any Los Angeles submarket, conditions can vary by block and over time, so prudent investors typically validate on-the-ground patterns and time-of-day activity during diligence. The directional improvements and stronger national positioning provide useful context without overstating precision.
Nearby corporate anchors provide a diversified employment base that supports renter demand and commute convenience for workforce and professional tenants. The list below highlights prominent employers within a typical renter commute shed that can contribute to leasing stability.
- Farmers Insurance Exchange — insurance (3.9 miles) — HQ
- Thermo Fisher Scientific — life sciences (3.9 miles)
- Charter Communications — telecommunications (12.3 miles)
- Occidental Petroleum — energy (13.3 miles) — HQ
- Live Nation Entertainment — entertainment (14.0 miles) — HQ
This 77-unit, 2007-built asset benefits from strong daily-needs accessibility and a high-cost ownership landscape that sustains multifamily demand. Within a 3-mile radius, households are increasing while average household size trends lower, expanding the potential renter pool and supporting occupancy stability over time. Based on CRE market data from WDSuite, neighborhood amenity access ranks among the stronger national cohorts, while rent-to-income dynamics appear manageable, aiding retention.
The vintage provides relative competitiveness versus older local stock, with targeted mid-life capex offering value-add potential. While the immediate neighborhood’s occupancy runs softer than national norms, elevated area incomes and proximity to diversified employers can help support leasing performance through cycles when paired with disciplined operations.
- 2007 vintage positions the asset competitively versus older stock; targeted updates can capture selective rent premiums.
- Strong daily-needs amenity access and high-cost ownership market support renter reliance on multifamily housing.
- Expanding household counts within 3 miles and smaller household sizes broaden the tenant base and support occupancy stability.
- Proximity to diversified employers underpins leasing demand and renewal potential.
- Risk: Neighborhood occupancy trends are softer than national norms; active lease management and capex prioritization are important.