| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Poor |
| Demographics | 22nd | Poor |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 312 N Hagar St, San Fernando, CA, 91340, US |
| Region / Metro | San Fernando |
| Year of Construction | 1985 |
| Units | 20 |
| Transaction Date | 1997-12-15 |
| Transaction Price | $600,000 |
| Buyer | AVAKIAN LIDIA |
| Seller | 322 HAGAR ST LTD |
312 N Hagar St San Fernando Multifamily Investment
This 20-unit property built in 1985 operates in a neighborhood with 90.5% occupancy rates and strong renter demand, as 52.8% of housing units are renter-occupied according to CRE market data from WDSuite.
The San Fernando neighborhood ranks in the top quartile nationally for amenity access, with exceptional density of grocery stores, restaurants, and pharmacies within walking distance. This urban core location features 52.8% renter-occupied housing units, ranking in the 90th percentile nationally for rental tenure, indicating strong multifamily demand fundamentals.
Neighborhood-level occupancy remains stable at 90.5%, though below the metro median among 1,441 Los Angeles-Long Beach-Glendale neighborhoods. Median contract rents of $1,359 have grown 23% over five years, while the rent-to-income ratio of 0.19 suggests manageable affordability pressure for tenant retention.
Demographics within a 3-mile radius show a population of 195,520 with household income growth of 72% over five years, reaching a median of $84,070. Forecasts indicate household income growth continuing through 2028, with median incomes projected to reach $123,603, supporting rental demand and potential rent growth. The area's 64% homeownership rate reflects elevated ownership costs that reinforce renter reliance on multifamily housing.
The property's 1985 construction year aligns with the neighborhood average of 1954, presenting potential value-add opportunities through targeted renovations and unit improvements to capture rent premiums in this amenity-rich location.
Property crime rates in the neighborhood rank below the metro median among 1,441 Los Angeles-Long Beach-Glendale area neighborhoods, with recent year-over-year increases requiring monitoring for insurance and tenant retention considerations. Violent crime rates place the area in the bottom quartile nationally, indicating elevated security considerations for property management and tenant screening protocols.
Crime trend data shows significant recent increases in both property and violent offenses, suggesting the need for enhanced security measures and careful evaluation of insurance costs when underwriting this investment opportunity.
The San Fernando Valley and broader Los Angeles region provide diverse employment opportunities within commuting distance, anchored by major corporate headquarters and regional offices that support workforce housing demand.
- Charter Communications — telecommunications (8.0 miles)
- Radio Disney — media & entertainment (10.7 miles)
- Disney — entertainment & media (11.0 miles) — HQ
- Thermo Fisher Scientific — life sciences (11.6 miles)
- Farmers Insurance Exchange — insurance (11.7 miles) — HQ
This 20-unit San Fernando property offers value-add potential in a neighborhood with strong rental fundamentals, including 90.5% occupancy and 52.8% renter-occupied housing units ranking in the 90th percentile nationally. The 1985 construction provides renovation upside opportunities, while demographic projections show household income growth from $84,070 to $123,603 by 2028, supporting future rent growth potential.
According to multifamily property research from WDSuite, the area's exceptional amenity density and workforce proximity to major employers like Disney and Charter Communications create tenant retention advantages. However, recent crime increases and below-average school ratings require careful consideration in property management strategies and tenant screening protocols.
- High renter demand with 90th percentile rental tenure nationally
- Value-add potential through targeted renovations of 1985-vintage units
- Strong income growth projections supporting rent increases
- Proximity to major employers within 12-mile radius
- Risk factors include recent crime increases and below-average school performance