| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 59th | Good |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9740 Zelzah Ave, Northridge, CA, 91325, US |
| Region / Metro | Northridge |
| Year of Construction | 1985 |
| Units | 115 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9740 Zelzah Ave Northridge Multifamily Value‑Add Potential
High renter concentration and a high‑cost ownership landscape in the neighborhood support steady tenant demand, according to CRE market data from WDSuite. Expect durable occupancy with prudent lease management, alongside potential to capture upside through selective upgrades.
The property sits in Northridge within the Los Angeles-Long Beach-Glendale metro, where neighborhood fundamentals point to dependable renter demand. Neighborhood occupancy is around the metro middle and has trended slightly higher over the past five years, while the renter-occupied share is in the top national percentiles—an indicator of a deep tenant base for multifamily operators. Median contract rents rank high nationally for the neighborhood, reinforcing pricing power for well-positioned assets.
Livability is anchored by daily needs: grocery access is strong (above national averages for neighborhood density), and restaurant options are competitive among metro peers, though cafes, parks, and pharmacies are comparatively limited. Average school ratings sit modestly above national norms, which can aid retention for family-oriented units without defining the thesis.
Demographic statistics within a 3-mile radius show households have increased recently and are projected to expand further even as average household size trends smaller. This dynamic typically broadens the renter pool and supports occupancy stability for professionally managed communities. The area’s educational attainment is high for the neighborhood (share of adults with a bachelor’s degree ranks among the top nationwide), contributing to a skilled workforce and income depth relative to many U.S. neighborhoods.
For investors, elevated neighborhood home values (top national percentile) create a high-cost ownership market that tends to sustain reliance on rental housing. Together with above-median neighborhood NOI-per-unit performance versus national peers, these factors suggest that well-maintained assets can compete effectively, while acknowledging that affordability pressure warrants disciplined renewal strategies.
Neighborhood safety metrics for this part of Los Angeles sit around the national midpoint overall, with the neighborhood’s composite crime rank landing near the metro median (ranked 816 among 1,441 Los Angeles metro neighborhoods). Recent trend data is constructive: both violent and property offense rates have declined year over year, placing those improvements among stronger national movers even if absolute levels remain closer to average nationally.
Investors should interpret this profile as stabilizing rather than definitive: directionally improving safety trends can support leasing and retention efforts, but on-the-ground management practices and resident experience remain key to outcomes.
Nearby employers provide a diversified employment base that supports renter demand and commute convenience for workforce housing. Key nodes include Thermo Fisher Scientific, Farmers Insurance Exchange, Charter Communications, Disney, and Occidental Petroleum.
- Thermo Fisher Scientific — life sciences (6.2 miles)
- Farmers Insurance Exchange — insurance (6.3 miles) — HQ
- Charter Communications — telecommunications (10.8 miles)
- Disney — entertainment (13.0 miles) — HQ
- Occidental Petroleum — energy (13.8 miles) — HQ
9740 Zelzah Ave is a 115‑unit, 1985‑vintage community in Northridge. The asset competes in a neighborhood with high renter concentration and elevated home values, which generally reinforce multifamily demand and support occupancy stability. Based on CRE market data from WDSuite, neighborhood occupancy sits around the metro median with modest improvement, suggesting a stable operating backdrop for well-managed assets.
Given the 1985 construction relative to a newer neighborhood average, investors may underwrite targeted renovations and capital planning to sharpen competitive positioning against more recent stock. Within a 3‑mile radius, households have been rising and are projected to grow further while average household size declines—conditions that typically expand the renter pool and aid lease-up and renewal performance. Affordability pressure is a consideration, so disciplined rent setting and resident retention strategies are important to maintain cash flow durability.
- High renter concentration and elevated ownership costs support a deep tenant base and pricing power
- Stable neighborhood occupancy with improving trend, per WDSuite, supports income durability
- 1985 vintage presents value‑add and CapEx opportunities to compete with newer supply
- Household growth within 3 miles and smaller household sizes expand the renter pool
- Risks: affordability pressure and average safety profile require prudent lease management and active operations