| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 72nd | Best |
| Amenities | 33rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9628 Reseda Blvd, Northridge, CA, 91324, US |
| Region / Metro | Northridge |
| Year of Construction | 1976 |
| Units | 68 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9628 Reseda Blvd, Northridge CA Multifamily Investment
Renter concentration in the neighborhood is elevated and home values are high, supporting depth of tenant demand, according to WDSuite’s CRE market data. The asset’s 68 units offer scale in a Los Angeles submarket where ownership costs sustain reliance on multifamily housing.
Situated in Northridge within Los Angeles County, the neighborhood rates B- and sits above the metro median (ranked 695 among 1,441 Los Angeles metro neighborhoods), per WDSuite. Elevated neighborhood renter concentration (share of renter-occupied housing units) signals a sizable tenant base, while the local occupancy metric is below national norms, pointing to execution focus on leasing and asset management.
Dining options are dense for an urban-core location (restaurant density competitive nationally), but daily-needs amenities like groceries and pharmacies within the immediate neighborhood are thinner, so residents typically access nearby corridors for errands. For investors, this pattern supports workforce convenience while suggesting that marketing should emphasize proximity to services along primary arterials.
Median home values are elevated versus national norms, reinforcing rental demand and potential lease retention where renting remains the more accessible option relative to ownership. At the same time, neighborhood rent-to-income metrics indicate affordability pressure, so pricing strategy and renewal management will be important for maintaining occupancy stability.
Within a 3-mile radius, demographic data show essentially flat to modestly declining population but growth in households and smaller average household sizes over the forecast period. This mix typically expands the renter pool and supports steady absorption, particularly for efficient floor plans near employment and transit. According to WDSuite’s commercial real estate analysis benchmarks, neighborhood-level income trends are strengthening, which can support rent growth, though operators should calibrate increases to retention risk.
The property’s 1976 vintage is slightly older than the neighborhood’s average construction year. That positioning can create value-add potential through targeted renovations and systems upgrades, improving competitive standing against newer stock while warranting prudent capital planning.
Safety indicators for the neighborhood compare favorably in national context, with overall crime positioning in the top quartile nationally, according to WDSuite. Recent year-over-year trends show notable declines in both violent and property offenses, which supports resident retention and leasing stability.
Within the Los Angeles metro, neighborhood rankings can vary block-to-block; compared with 1,441 metro neighborhoods, this area performs competitively on several safety measures but still warrants standard urban-asset risk management (lighting, access control, and resident engagement). Use trends as directional signals rather than guarantees and underwrite to institutional best practices.
Nearby employers provide a diverse white-collar and services employment base, supporting renter demand through commute convenience. Key nodes include Thermo Fisher Scientific, Farmers Insurance Exchange, Charter Communications, Radio Disney, and AmerisourceBergen.
- Thermo Fisher Scientific — life sciences (5.4 miles)
- Farmers Insurance Exchange — insurance (5.7 miles) — HQ
- Charter Communications — telecommunications (11.4 miles)
- Radio Disney — media (12.8 miles)
- AmerisourceBergen — pharmaceuticals distribution (13.4 miles)
9628 Reseda Blvd offers 68 units in a high-cost Los Angeles ownership market where renter reliance on multifamily housing supports demand. Based on CRE market data from WDSuite, the neighborhood shows strong renter concentration and high home values, while local occupancy is softer and rent-to-income metrics point to affordability pressure—suggesting disciplined leasing, renewal management, and targeted value-add can outperform. The 1976 vintage indicates scope for renovations and building systems upgrades to improve competitive positioning and drive NOI.
Within a 3-mile radius, households are projected to grow and average household size to decline, typically expanding the renter pool. Coupled with rising income benchmarks and proximity to a diverse employer base, the asset has potential for durable demand, provided operators manage pricing to retention risk.
- Scale: 68 units in a renter-heavy neighborhood supports leasing velocity and operating efficiency.
- Value-add angle: 1976 vintage allows targeted renovations and systems upgrades to enhance competitive standing.
- Demand drivers: High home values and diverse nearby employers sustain renter reliance on multifamily housing.
- Forward context: 3-mile household growth and smaller household sizes typically expand the renter pool and support absorption.
- Risks: Neighborhood occupancy is below national norms and rent-to-income metrics indicate affordability pressure—underwrite to disciplined pricing and retention.