| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 65th | Good |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9150 Tampa Ave, Northridge, CA, 91324, US |
| Region / Metro | Northridge |
| Year of Construction | 1975 |
| Units | 101 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9150 Tampa Ave, Northridge Multifamily Opportunity
Neighborhood renter concentration and steady occupancy suggest durable leasing fundamentals for a 1970s asset in Northridge, according to WDSuite’s CRE market data.
Northridge offers a balanced urban environment with strong daily-life amenities nearby. Cafe and restaurant density benchmarks in the top quartile nationally, and park access is equally competitive, supporting resident convenience and lifestyle appeal for multifamily properties. Grocery and pharmacy options appear thinner within the immediate neighborhood footprint, so residents often tap adjacent retail corridors for essentials.
Home values in the neighborhood are elevated relative to national norms, which can reinforce reliance on rental housing and support pricing power and retention for well-managed assets. At the same time, rent-to-income levels benchmark more favorably than many high-cost areas, which can help stabilize renewals and mitigate turnover risk.
Construction patterns trend slightly newer than a 1970s vintage, positioning a 1975 asset for value-add upgrades that can enhance competitiveness versus 1980s-era stock. Neighborhood occupancy has held in the low 90s, indicating stable renter demand at the sub-neighborhood scale. Unit tenure data shows a meaningful share of housing units are renter-occupied, supporting depth of the tenant base for multifamily investors.
Within a 3-mile radius, population has edged down while household counts have increased and are projected to expand further, implying smaller household sizes and a wider renter pool over time. Income levels have trended higher and are forecast to grow, which supports collections and lease-up pacing for quality renovations. These dynamics, based on CRE market data from WDSuite, point to steady renter demand with room for targeted improvements to capture premiums.
Safety indicators for the neighborhood benchmark favorably compared with many U.S. neighborhoods, with recent data pointing to top-quartile outcomes nationally. Year-over-year trends also show notable declines in both violent and property offense rates, which supports resident perception and can aid retention. As with any urban core location in the Los Angeles metro, conditions can vary by block, so underwriting should reflect property-level controls and operating practices.
Proximity to diversified employers supports commute convenience and renter demand, led by life sciences, insurance, telecom, media, and energy offices from Thermo Fisher Scientific, Farmers Insurance Exchange, Charter Communications, Radio Disney, and Occidental Petroleum.
- Thermo Fisher Scientific — life sciences equipment (4.3 miles)
- Farmers Insurance Exchange — insurance (4.6 miles) — HQ
- Charter Communications — telecom (12.2 miles)
- Radio Disney — media (13.4 miles)
- Occidental Petroleum — energy (13.8 miles) — HQ
9150 Tampa Ave offers scale at 101 units with a 1975 vintage that lends itself to a focused value‑add program. Neighborhood fundamentals show resilient renter demand, with occupancy in the low 90s and a renter-occupied unit share that supports tenant-base depth. Elevated ownership costs locally tend to sustain multifamily reliance, while rent-to-income levels indicate manageable affordability pressure, aiding retention and cash flow stability.
Within a 3-mile radius, household counts have increased despite softer population trends and are projected to expand further, implying smaller household sizes and a broader renter pool. Income growth in the area also trends higher, supporting collections and the potential to monetize in-unit and common-area upgrades. According to CRE market data from WDSuite, amenity access (cafes, restaurants, parks) is competitive nationally, reinforcing livability, while thinner grocery/pharmacy presence and the asset’s older systems should be incorporated into capital planning and leasing strategy.
- 1975 vintage with clear value‑add and systems modernization upside against 1980s-era neighborhood stock
- Stable neighborhood occupancy and meaningful renter-occupied share support leasing durability
- Elevated ownership costs reinforce multifamily demand; rent-to-income levels support retention management
- Risks: older building CapEx needs and thinner grocery/pharmacy options in the immediate footprint