| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 59th | Good |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9850 Zelzah Ave, Northridge, CA, 91325, US |
| Region / Metro | Northridge |
| Year of Construction | 2002 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9850 Zelzah Ave Northridge 40-Unit Multifamily Investment
A 2002-built, 40-unit asset positioned near a deep renter base offers durable demand drivers; according to WDSuite’s CRE market data, neighborhood renter concentration is elevated versus national norms, supporting stable leasing.
Northridge sits within the Los Angeles metro’s Urban Core and posts a B neighborhood rating, competitive among Los Angeles-Long Beach-Glendale neighborhoods. Grocery and childcare access test above many areas (both near the top quartile nationally), while restaurants are reasonably available. Park, café, and pharmacy density is thin locally, which may modestly reduce walk-to convenience for some residents.
Schools in the area average around 3.0 out of 5 (above the national middle), which can help family-oriented leasing. Median home values rank in the high national percentiles, signaling a high-cost ownership market that tends to reinforce reliance on multifamily, supporting pricing power and retention for well-managed assets.
Rents in the neighborhood track in the upper national percentiles, while the neighborhood’s occupancy trend has been broadly steady around the metro middle. The share of housing units that are renter-occupied ranks in the top quartile nationally and is above the metro median (249 of 1,441), indicating a sizable tenant base. For investors, this depth can support leasing velocity and limit downtime, though proactive lease management remains important where rent-to-income ratios are elevated.
Within a 3‑mile radius, population has been roughly flat to slightly lower in recent years, while household counts have edged higher and are projected to continue rising alongside smaller average household sizes. That combination typically expands the renter pool and supports occupancy stability even without headline population growth, a dynamic commonly highlighted in multifamily property research.
Vintage context: the neighborhood’s average construction year is 1998. With a 2002 delivery, the property is newer than nearby stock, offering competitive positioning versus older assets; investors should still budget for modernization of finishes and select systems as part of long-term capital planning.
Neighborhood safety indicators trend mixed. Overall crime sits near the national midpoint and slightly below the metro average (816 of 1,441 Los Angeles metro neighborhoods), suggesting conditions that are neither outlier-strong nor the weakest locally.
Recent momentum is constructive: estimated violent offense rates show a notable year-over-year decline, ranking in a strong improvement tier nationally, and property offense rates have also moved down meaningfully over the past year. For investors, these directional trends can aid resident retention and marketing, though on-the-ground diligence remains essential.
The area draws from a broad employment base across life sciences, insurance, telecommunications, entertainment, and energy, supporting renter demand through commute convenience to major corporate offices.
- 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 (13.9 miles) — HQ
This 2002, 40‑unit property offers competitive positioning versus older neighborhood stock and draws from a large renter base. High home values in the area point to a high-cost ownership market that tends to sustain multifamily demand, while household growth within a 3‑mile radius and smaller household sizes expand the tenant pool and support occupancy stability. According to commercial real estate analysis from WDSuite, neighborhood rents track in the upper national percentiles and the renter-occupied share sits above the metro median, reinforcing leasing depth.
Operationally, investors should pair this demand profile with disciplined lease management given elevated rent-to-income ratios and modest local walk-to amenities. Capital planning can prioritize modernization and select systems as the asset seasons, leveraging its relatively newer vintage to compete on finishes and operations.
- Newer 2002 vintage relative to local average, supporting competitive positioning against older assets
- Large renter-occupied share above the metro median provides depth for leasing and renewals
- High-cost ownership market supports sustained multifamily demand and pricing power
- Household growth and smaller household sizes within 3 miles expand the tenant base
- Risk: elevated rent-to-income ratios and thinner park/café/pharmacy density call for proactive lease and amenity strategy