| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Poor |
| Demographics | 22nd | Poor |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 140 Jessie St, San Fernando, CA, 91340, US |
| Region / Metro | San Fernando |
| Year of Construction | 2012 |
| Units | 62 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
140 Jessie St San Fernando Multifamily Investment Opportunity
2012 construction in an older Los Angeles County submarket positions this asset competitively versus legacy stock, supporting leasing and retention as units remain relatively modern; this commercial real estate analysis emphasizes location fundamentals over short-term swings, according to WDSuite’s CRE market data.
San Fernando’s Urban Core setting offers strong daily-life convenience for renters. Neighborhood amenity density is competitive nationally, with restaurants, groceries, pharmacies, and parks all testing in the top quartile nationwide, which supports resident satisfaction and reduces friction on renewals. Childcare options are comparatively limited, which can influence demand mix toward smaller-household renters.
The neighborhood’s housing stock trends older (average vintage 1954), while the subject’s 2012 delivery provides a relative edge in unit finishes and systems—helpful for lowering near-term capital exposure and differentiating against nearby Class B/C inventory. Renter concentration is high for the neighborhood (renter-occupied share ranks in the stronger tier versus 1,441 Los Angeles metro neighborhoods), indicating a deeper tenant base that can support steady absorption. Reported neighborhood occupancy sits around the national midpoint, suggesting leasing stability but with room for asset-level execution to outperform.
Within a 3-mile radius, population has softened modestly over the last five years while household counts edged up and average household size declined. This points to shifting demographics and a renter pool that is gradually diversifying; forward projections indicate additional household growth, which would expand the local tenant base and support occupancy. Median household incomes have risen, and asking rents are trending upward, per WDSuite’s multifamily property research, reinforcing the case for durable renter demand when paired with quality operations.
Ownership remains a high-cost proposition in this part of Los Angeles County (home values and value-to-income metrics are elevated nationally). For multifamily owners, a high-cost ownership market tends to sustain reliance on rental housing and can support pricing power, while still requiring attention to rent-to-income ratios to manage retention risk.
Relative to neighborhoods nationwide, this area trends below average on safety measures, and it ranks toward the weaker end among 1,441 Los Angeles metro neighborhoods. Recent year-over-year movements show property and violent offense rates increasing, signaling near-term volatility rather than a structural read on the submarket.
For investors, this typically translates to practical risk management rather than a thesis-breaker: thoughtful security features, good lighting, resident screening, and community partnerships can help support resident experience and mitigate turnover. Underwriting should reflect these dynamics and emphasize operating discipline.
Proximity to major entertainment, media, and corporate services employers supports commuter convenience and underpins renter demand. The tenant base can draw from Charter Communications, Radio Disney, The Walt Disney Company, Thermo Fisher Scientific, and Farmers Insurance Exchange.
- Charter Communications — telecommunications (7.7 miles)
- Radio Disney — media (10.3 miles)
- Disney — media & entertainment (10.6 miles) — HQ
- Thermo Fisher Scientific — life sciences (11.6 miles)
- Farmers Insurance Exchange — insurance (11.7 miles) — HQ
140 Jessie St is a 62-unit, 2012-vintage asset in San Fernando that competes favorably against an older neighborhood inventory base. Amenity-rich surroundings and a high-cost ownership landscape reinforce multifamily reliance, while neighborhood occupancy trends near the national midpoint leave room for operational outperformance through leasing, renewals, and targeted unit turns. According to CRE market data from WDSuite, renter concentration in the neighborhood is comparatively high, supporting depth in the local tenant pool.
Demographic patterns within a 3-mile radius show modest population softening alongside household growth historically and a projected increase in households going forward—conditions that can sustain absorption when paired with disciplined management. Rising incomes and rent levels in the area point to ongoing demand for well-managed, modern units, with the property’s newer systems reducing near-term capital risk while still allowing for selective value-add to capture incremental rent.
- Newer 2012 construction versus older local stock supports competitiveness and limits immediate capex.
- Strong amenity access and major employers within 8–12 miles bolster leasing and retention.
- High-cost ownership market helps sustain renter reliance and pricing power with careful lease management.
- Household growth (3-mile radius) and rising incomes support a resilient tenant base and absorption.
- Risks: below-average safety metrics and uneven school ratings warrant prudent security, underwriting cushions, and targeted marketing.