| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 67th | Good |
| Amenities | 59th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9950 Zelzah Ave, Northridge, CA, 91325, US |
| Region / Metro | Northridge |
| Year of Construction | 1986 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9950 Zelzah Ave Northridge Multifamily with Stable Demand Drivers
Neighborhood occupancy trends in the mid-90s and a renter-occupied share near one-half point to durable leasing, according to WDSuite’s CRE market data. Elevated ownership costs in Northridge further support renter reliance on multifamily housing without overextending typical rent-to-income levels.
Positioned in Northridge within the Los Angeles-Long Beach-Glendale metro, the property benefits from a neighborhood rated A- and competitive among 1,441 metro neighborhoods. Park and restaurant access are strengths (parks and dining options score well versus national peers), while cafes and pharmacies are more limited locally—an operating context that still supports day-to-day livability for tenants.
For investors, the ownership landscape is notable: home values sit in a high-cost range compared with national benchmarks, which tends to sustain rental demand and lease retention. Median contract rents in the neighborhood rank high nationally, yet rent-to-income levels are comparatively manageable, suggesting lower affordability pressure and more predictable collections for well-positioned assets.
Tenure patterns show a meaningful renter concentration (renter-occupied housing units around half of the stock), indicating depth in the tenant base for properties of this scale. Neighborhood occupancy performance sits well above many U.S. areas, supporting expectations for steady absorption and limited downtime between turns for professionally managed product.
Within a 3-mile radius, demographic statistics indicate households have been edging higher even as population trends softened, and projections point to additional household growth alongside smaller average household sizes. For multifamily owners, that combination can expand the renter pool and support occupancy stability, with higher-income cohorts in the area reinforcing demand for quality, professionally managed units based on commercial real estate analysis from WDSuite.
Crime indicators benchmark in the stronger ranges versus neighborhoods nationwide, with both violent and property offense measures landing in the top quartile nationally. Recent year-over-year trends show material declines in estimated violent and property offense rates, signaling an improving safety backdrop relative to broader U.S. patterns, based on WDSuite’s CRE market data. As always, investors should evaluate submarket and property-level security practices as part of underwriting.
The employment base nearby blends life sciences, insurance, telecom, and media/entertainment, supporting renter demand through diverse white-collar jobs and reasonable commutes to major corporate offices.
- Thermo Fisher Scientific — life sciences (6.3 miles)
- Farmers Insurance Exchange — insurance (6.5 miles) — HQ
- Charter Communications — telecom (10.8 miles)
- Radio Disney — media (12.4 miles)
- Disney — entertainment (13.1 miles) — HQ
9950 Zelzah Ave is a 20-unit, 1986-vintage asset that competes well against the neighborhood’s predominantly early-1980s stock. The vintage offers relative competitiveness versus older properties while still presenting scope for targeted modernization of interiors and building systems to refresh positioning and support rent growth. Neighborhood fundamentals—mid-90s occupancy, high renter concentration, and strong employment access—indicate resilient leasing and limited downtime between turns.
According to CRE market data from WDSuite, Northridge’s high-cost ownership market tends to reinforce multifamily demand, while rent-to-income levels suggest manageable affordability pressure that can aid retention. Within a 3-mile radius, households are projected to rise even as average household size trends lower, expanding the renter pool and supporting sustained occupancy for professionally managed properties.
- Neighborhood occupancy and renter concentration support durable leasing and cash flow stability.
- 1986 vintage offers value-add potential via targeted renovations while remaining competitive against older stock.
- High-cost ownership environment reinforces renter reliance, aiding pricing power and retention.
- Diverse nearby employers (life sciences, insurance, telecom, media) underpin tenant demand.
- Risks: limited nearby pharmacy/cafe density and potential capex for aging systems should be factored into underwriting.