| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Poor |
| Demographics | 22nd | Poor |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 100 Jessie St, San Fernando, CA, 91340, US |
| Region / Metro | San Fernando |
| Year of Construction | 2006 |
| Units | 51 |
| Transaction Date | 1994-06-21 |
| Transaction Price | $285,000 |
| Buyer | ASZKENAZY SEVERYN I |
| Seller | TRESIERRAS PATRICIA HELEN HERNANDEZ |
100 Jessie St San Fernando 51-Unit Multifamily Investment
This urban core property benefits from strong renter demand, with neighborhood occupancy at 90.5% and a 52.8% rental share supporting multifamily fundamentals according to CRE market data from WDSuite.
The property sits in an urban core neighborhood ranked in the top quartile nationally for amenity access, with exceptional restaurant density at 24.81 per square mile (97th percentile nationwide) and strong grocery access at 4.65 stores per square mile (95th percentile). Median contract rents of $1,359 have grown 23.1% over five years, while the neighborhood maintains a 90.5% occupancy rate with 52.8% of housing units renter-occupied, indicating stable rental demand dynamics.
Built in 2006, this 51-unit property represents newer construction compared to the neighborhood average of 1954, potentially reducing near-term capital expenditure needs and providing competitive positioning. The 739-square-foot average unit size aligns with market demand patterns for workforce housing in the Los Angeles metro area.
Demographics within a 3-mile radius show a population of approximately 210,000 with household incomes averaging $103,000 and median incomes of $82,400. Forecasts through 2028 project median household income growth to $120,000 (45.7% increase) while renter-occupied units are expected to expand from 12.7% to 16.5% of total housing stock, supporting multifamily rental demand over the investment horizon.
Home values averaging $648,275 with 59.1% five-year appreciation create elevated ownership costs that can sustain rental demand, though investors should monitor affordability pressures as the rent-to-income ratio sits at 0.19. The neighborhood's urban core classification and high renter share provide fundamental support for occupancy stability.
Safety metrics require careful monitoring, with property crime rates at 530.5 per 100,000 residents ranking in the lower half among Los Angeles metro neighborhoods. More concerning is the recent trend showing property crime increases of 514.1% year-over-year, ranking near the bottom 3rd percentile among 1,441 metro neighborhoods for crime trend performance.
Violent crime rates at 144.6 per 100,000 residents also increased 220.2% year-over-year, though investors should note that crime statistics can be volatile and may reflect reporting changes or localized incidents. These trends warrant attention in tenant retention strategies and property management protocols, particularly given the otherwise strong fundamentals supporting rental demand in this urban core location.
The San Fernando location provides access to major corporate employers throughout the Los Angeles basin, with several Fortune 500 headquarters and regional offices supporting workforce housing demand.
- Charter Communications — telecommunications (7.7 miles)
- Radio Disney — media & entertainment (10.3 miles)
- Disney — media & entertainment (10.6 miles) — HQ
- Thermo Fisher Scientific — life sciences (11.5 miles)
- Farmers Insurance Exchange — insurance (11.6 miles) — HQ
This 51-unit property built in 2006 offers investors exposure to a stable urban core rental market with 90.5% neighborhood occupancy and strong demographic fundamentals. The newer vintage construction provides competitive advantages over the neighborhood's 1954 average building age while reducing near-term capital expenditure requirements. Projected household income growth to $120,000 by 2028 and expanding renter populations support long-term demand, though elevated home values at $648,275 median help sustain rental preference over ownership.
Commercial real estate analysis from WDSuite indicates this location benefits from exceptional amenity density including top-quartile restaurant and grocery access, factors that support tenant retention and leasing velocity. The 52.8% rental share in the immediate neighborhood provides fundamental support for multifamily operations, while proximity to major employers including Disney headquarters and Charter Communications offers workforce housing appeal.
- Strong occupancy fundamentals with 90.5% neighborhood rate and 52.8% rental tenure
- 2006 construction provides competitive advantage over 1954 neighborhood average
- Projected 45.7% household income growth and expanding renter base through 2028
- Top-quartile amenity access supports tenant retention and leasing
- Risk consideration: Recent crime trend increases require monitoring and may impact operations