| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 59th | Good |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8700 Lindley Ave, Northridge, CA, 91325, US |
| Region / Metro | Northridge |
| Year of Construction | 1993 |
| Units | 80 |
| Transaction Date | 2008-02-29 |
| Transaction Price | $15,600,000 |
| Buyer | Pacifica Companies, LLC |
| Seller | AREI Northridge 1, LLC |
8700 Lindley Ave Northridge Multifamily Investment
High renter-occupied concentrations in the neighborhood support a deep tenant base and stable leasing fundamentals, according to WDSuite’s CRE market data. Elevated ownership costs nearby further sustain rental demand and pricing power for well-managed assets.
The property sits in Northridge’s Urban Core within the Los Angeles metro and carries a neighborhood rating of B. The area ranks 650 out of 1,441 metro neighborhoods, placing it above the metro median on overall fundamentals, per WDSuite. Neighborhood occupancy is around the national middle and has edged up over the past five years, supporting steady operations rather than outsized volatility.
Renter-occupied housing accounts for a sizable share of units in the neighborhood (65.8%), indicating durable multifamily demand and a broad leasing funnel for an 80-unit asset. Within a 3-mile radius, recent household counts have grown even as population is roughly flat to slightly down, expanding the renter pool through smaller average household sizes. WDSuite’s outlook shows households are expected to continue rising locally while average household size trends lower, which typically supports demand for professionally managed apartments and fosters occupancy stability.
Amenity access skews practical rather than lifestyle-focused: grocery availability tracks in the upper tier nationally while restaurants are competitive, but immediate cafe, park, and pharmacy density is limited. Average school ratings trend slightly above the national median, which can help retention for family renters seeking stability.
Home values in the neighborhood are elevated versus national benchmarks, and median contract rents also sit well above national norms. For investors, this high-cost ownership market tends to reinforce reliance on multifamily housing, while the rent-to-income profile suggests affordability pressure that warrants proactive lease management and renewal strategies. The average construction year in the neighborhood is 1998; this 1993-built asset is slightly older than nearby stock, pointing to potential value-add through targeted renovations and capital planning to enhance competitive positioning.
Safety indicators for the neighborhood are mixed when viewed against national and metro benchmarks. Overall crime performance sits near the national midpoint, and the area ranks 816 out of 1,441 Los Angeles metro neighborhoods—roughly around the metro median. Nationally benchmarked breakouts show property and violent offense rates below the national safety median; however, WDSuite notes year-over-year declines in both categories, indicating an improving trend. Investors should underwrite to current conditions while recognizing recent directional improvement rather than assuming immediate convergence with top-quartile areas.
The employment base nearby spans life sciences, insurance, media, and telecom, supporting renter demand through diverse, commutable job centers. The list below highlights nearby anchors that help drive leasing stability for workforce and professional renters.
- Thermo Fisher Scientific — life sciences (5.2 miles)
- Farmers Insurance Exchange — insurance (5.3 miles) — HQ
- Charter Communications — telecom & media (10.7 miles)
- Radio Disney — media (11.9 miles)
- Disney — entertainment (12.6 miles) — HQ
This 80-unit, 1993-vintage property benefits from a renter-heavy neighborhood, elevated ownership costs, and a broad employment base, all of which support multifamily demand and leasing durability. According to CRE market data from WDSuite, neighborhood occupancy has held near national norms with a modest multi-year uptick, while median rents and home values sit well above national benchmarks—factors that can sustain pricing power when paired with disciplined affordability and renewal management.
The asset’s slightly older vintage relative to nearby stock suggests clear value-add pathways through targeted renovations and systems upgrades to sharpen competitive positioning. Within a 3-mile radius, households have increased and are projected to expand further even as average household size declines—an investor-relevant dynamic that typically enlarges the tenant base and supports occupancy stability. Safety metrics are improving year over year but remain below top-performing cohorts, warranting balanced underwriting and asset management focus.
- Renter-heavy neighborhood sustains a deep tenant base and supports steady leasing
- Elevated ownership costs reinforce reliance on multifamily housing and pricing power
- 1993 vintage creates value-add potential via targeted renovations and capital planning
- Household growth within 3 miles and smaller household sizes expand the renter pool
- Risk: safety indicators trail top-quartile areas—underwrite conservatively and manage retention