| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 45th | Fair |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8808 Darby Ave, Northridge, CA, 91325, US |
| Region / Metro | Northridge |
| Year of Construction | 1984 |
| Units | 40 |
| Transaction Date | 2015-08-12 |
| Transaction Price | $7,150,000 |
| Buyer | DARBYRIDGE LP |
| Seller | CONWAY THOMAS J |
8808 Darby Ave Northridge Multifamily Investment
Neighborhood occupancy remains strong and renter demand is deep for this Northridge address, according to WDSuite’s CRE market data. Expect steady leasing conditions supported by an Urban Core setting and a renter-occupied housing base in the surrounding area.
Located in Northridge (Los Angeles County), the property benefits from an Urban Core neighborhood that is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 347 of 1,441) with an A- neighborhood rating. Local occupancy metrics reference the neighborhood, not this property; the area has maintained above-average occupancy, supporting income stability for multifamily assets.
Daily-needs access is a strength. Restaurant and cafe density ranks in the top tier nationally (restaurants near the 99th percentile; cafes also very high), and grocery and pharmacy access score well above national norms. This amenity mix supports resident retention and reduces turnover risk. Dedicated park acreage is limited within the neighborhood, so outdoor space may rely more on private or nearby alternatives.
Housing and renter dynamics: The neighborhood shows a high share of renter-occupied units (about six in ten), indicating depth in the tenant base. Median contract rents and home values sit in high national percentiles, pointing to a high-cost ownership market that tends to sustain reliance on rental housing and supports pricing power when managed carefully.
Schools and demographics (3-mile radius): Average school ratings trend modest, which may matter for family-oriented leasing strategies. Within a 3-mile radius, recent years show slight population softening alongside growth in household counts and smaller average household size, which can expand the pool of renters for smaller floor plans and support occupancy stability. Forward-looking data indicate further increases in households even as household sizes trend lower, implying demand for efficient units.
Vintage and asset positioning: Built in 1984, the asset is newer than the neighborhood’s average vintage (1976). That relative youth can offer a competitive edge versus older stock, while investors should still plan for aging systems and selective modernization to meet current renter expectations.
Safety indicators for the neighborhood compare favorably in a national context, with overall crime measures landing above the national median. Within the Los Angeles-Long Beach-Glendale metro, the neighborhood’s crime ranking positions it as competitive among 1,441 neighborhoods, and recent data show notable year-over-year declines in both property and violent offense rates. These are neighborhood-level trends and may support leasing stability and resident retention.
As always, conditions can vary by block and over time. Investors should pair these comparative trends with property-level security features, lighting, and management practices when underwriting.
Proximity to diversified employment nodes helps support renter demand and commute convenience, led by life sciences, insurance, telecom, media, and energy employers listed below.
- Thermo Fisher Scientific — life sciences (5.0 miles)
- Farmers Insurance Exchange — insurance (5.1 miles) — HQ
- Charter Communications — telecom (11.0 miles)
- Radio Disney — media (12.2 miles)
- Occidental Petroleum — energy (12.9 miles) — HQ
This 40-unit Northridge asset benefits from a renter-heavy Urban Core location with sustained neighborhood occupancy and strong amenity access. According to CRE market data from WDSuite, the surrounding neighborhood sits in competitive standing within the Los Angeles metro and shows high national percentiles for restaurants, groceries, and pharmacies—factors that can underpin resident retention and steady leasing.
Constructed in 1984, the property is newer than the local average vintage, offering relative competitiveness versus older stock while still warranting capital planning for system updates and targeted value-add. High ownership costs in the area support reliance on rental housing, but rent-to-income metrics suggest affordability pressure that calls for prudent lease management and amenities that justify pricing.
- Renter-occupied neighborhood supports a deep tenant base and occupancy stability
- Amenity-rich area (food, grocery, pharmacy) aids retention and leasing velocity
- 1984 vintage offers competitive positioning with clear value-add pathways
- High-cost ownership market reinforces multifamily demand and pricing power potential
- Risk: Affordability pressure requires careful lease management and expense control