| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 54th | Fair |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8651 Wilbur Ave, Northridge, CA, 91324, US |
| Region / Metro | Northridge |
| Year of Construction | 1980 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8651 Wilbur Ave Northridge Multifamily Investment
Neighborhood occupancy remains strong with a deep renter base supporting demand, according to WDSuite’s CRE market data. Stable operations in an Urban Core pocket of Northridge position this asset for durable leasing and retention.
The property sits in an Urban Core area of Northridge that scores A- and ranks 280 out of 1,441 Los Angeles metro neighborhoods—placing it in the top quartile locally. According to WDSuite’s CRE market data, neighborhood occupancy is high and trending stable, and renter-occupied housing is prevalent, indicating a sizable tenant pool for mid-size multifamily assets.
Daily needs are well covered: restaurants and grocery access test in the top quartile nationally, with strong cafe and pharmacy density as well. Childcare access ranks especially high (top percentile nationally), which can broaden appeal to households. Park access is limited, so investors should weigh onsite amenities or nearby private recreation to offset this.
At the neighborhood level, median contract rents sit above national norms while the rent-to-income ratio is relatively moderate, which can support retention and measured pricing power. Elevated home values (top decile nationally) signal a high-cost ownership market that tends to sustain multifamily rental demand.
Within a 3-mile radius, demographics show slight population contraction over the past five years alongside growth in households and families, pointing to smaller average household sizes and a broader leasing base. Looking ahead to 2028, projections indicate further increases in household counts and higher incomes, which can expand the renter pool and support occupancy stability; this forward view is based on multifamily property research from WDSuite’s market dataset.
Vintage context: the average construction year in the surrounding neighborhood skews to the late 1960s. With a 1980 build, this property is newer than much of the nearby stock, which can be a competitive advantage while still warranting targeted modernization and systems updates as part of a value-add plan.
Safety indicators benchmark favorably in a national context: WDSuite’s data place the neighborhood in the top quartile nationally for overall crime comparatives, with violent offense metrics above the national median. Recent year-over-year estimates also show notable declines in both violent and property offenses, suggesting improving conditions versus prior periods.
As with any dense Los Angeles submarket, performance can vary by block and over time. Investors should underwrite to neighborhood-level trends rather than isolated incidents and consider standard security, lighting, and access controls to support leasing and retention.
Nearby corporate anchors provide a diversified employment base that supports renter demand and commute convenience, including insurance, life sciences, telecommunications, energy, and entertainment offices listed below.
- Farmers Insurance Exchange — insurance (4.4 miles) — HQ
- Thermo Fisher Scientific — life sciences (4.4 miles)
- Charter Communications — telecommunications (11.6 miles)
- Occidental Petroleum — energy (13.0 miles) — HQ
- Disney — entertainment (13.5 miles) — HQ
8651 Wilbur Ave offers scale at 36 units in a Northridge neighborhood that ranks in the top quartile of the Los Angeles metro, with strong occupancy and a deep renter-occupied housing base. Elevated local home values reinforce reliance on multifamily housing, while a moderate rent-to-income backdrop supports lease retention and disciplined rent growth, per commercial real estate analysis from WDSuite.
Built in 1980, the asset is newer than much of the nearby housing stock, positioning it competitively against older properties. Neighborhood amenity density is a plus (restaurants, groceries, childcare), and 3-mile household counts are growing even as population trends level, which can translate into a broader tenant base and sustained leasing. Investors should still plan for targeted modernization and monitor local demand drivers as demographic mix and household sizes evolve.
- High neighborhood occupancy and meaningful renter-occupied share support demand durability
- Newer-than-area-average 1980 vintage offers competitive positioning with value-add upside
- Amenity-rich Urban Core location with top-quartile national access to groceries, dining, and childcare
- Household growth and income gains within 3 miles expand the tenant base and support occupancy stability
- Risk: limited park access and slight population contraction warrant focus on onsite amenities and asset-level activation