| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 71st | Best |
| Amenities | 92nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9601 Reseda Blvd, Northridge, CA, 91324, US |
| Region / Metro | Northridge |
| Year of Construction | 1996 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9601 Reseda Blvd Northridge Multifamily Investment
Situated in an amenity-rich Northridge pocket, the asset benefits from a high neighborhood renter concentration and steady occupancy, according to WDSuite’s CRE market data. Investors can underwrite durable demand drivers supported by strong local services and commuting access.
Northridge’s Urban Core setting delivers depth of daily-needs retail and services that matter for leasing velocity. The neighborhood ranks competitive among Los Angeles-Long Beach-Glendale neighborhoods (77 of 1,441 overall), with restaurants, groceries, pharmacies, and parks scoring in the top decile nationally—conveniences that typically support resident retention and absorption.
At the neighborhood level, renter-occupied housing accounts for a substantial share of units (64.4%), indicating a deep tenant base for multifamily. Neighborhood occupancy is in the mid-90s, aligning with stable operations historically; while the 5-year trend has eased, it remains above many metro peers, based on CRE market data from WDSuite.
The property’s 1996 construction is newer than the neighborhood’s average vintage (1976). That positioning can help competitiveness versus older stock, while still warranting targeted capital planning for systems modernization and common-area refresh to capture renter preferences.
Within a 3-mile radius, demographics point to a larger household count today and projections for further household growth alongside smaller average household sizes. Combined with elevated home values in the neighborhood relative to national norms, this ownership cost backdrop generally sustains reliance on multifamily, supporting occupancy stability and pricing power for well-managed assets.
Neighborhood safety trends are favorable in a comparative sense. Crime ranks in the top quartile among 1,441 Los Angeles-Long Beach-Glendale neighborhoods (rank 215), and the area sits in a high national safety percentile, indicating relatively lower incident rates than many neighborhoods nationwide. Recent year-over-year data also show notable declines in both property and violent offenses, which can aid resident retention and reduce operating disruptions.
Proximity to diversified employers supports a steady renter pipeline and commute convenience for residents. Nearby corporate nodes include life sciences, insurance, media, and telecommunications offices.
- Thermo Fisher Scientific — life sciences (5.4 miles)
- Farmers Insurance Exchange — insurance (5.6 miles) — HQ
- Charter Communications — telecommunications (11.4 miles)
- Radio Disney — media (12.8 miles)
- AmerisourceBergen — pharmaceuticals distribution (13.5 miles)
9601 Reseda Blvd offers scale at 112 units in an amenity-dense Northridge location with a high neighborhood renter concentration and occupancy that has remained resilient relative to many metro submarkets. Elevated neighborhood home values reinforce rental demand, while a strong services footprint supports leasing and retention. According to commercial real estate analysis from WDSuite, neighborhood-level NOI per unit is competitive metro-wide, underscoring healthy income fundamentals for comparable assets.
Built in 1996, the property is newer than much of the surrounding stock, suggesting competitive positioning with potential to unlock value through targeted upgrades to interiors, building systems, and amenities. Within a 3-mile radius, household counts have increased and are projected to expand further even as household sizes trend smaller—conditions that typically broaden the tenant base and support occupancy stability over time.
- Amenity-rich Urban Core location supports demand and lease retention.
- High neighborhood renter-occupied share indicates depth of tenant base.
- 1996 vintage offers competitive positioning with value-add modernization potential.
- Elevated ownership costs in the area reinforce multifamily reliance and pricing power.
- Risks: softening population trends and gradual occupancy drift require disciplined leasing and asset management.