| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 33rd | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14051 Astoria St, Sylmar, CA, 91342, US |
| Region / Metro | Sylmar |
| Year of Construction | 2003 |
| Units | 41 |
| Transaction Date | 2001-10-23 |
| Transaction Price | $450,000 |
| Buyer | BRENDEL RON |
| Seller | DAIGO JYUKEN CALIFORNIA INC |
14051 Astoria St Sylmar 41-Unit Multifamily
Neighborhood fundamentals point to steady renter demand and occupancy in the low-90s, according to WDSuite’s CRE market data. Newer vintage relative to the area suggests competitive positioning with potential to capture demand from nearby employment hubs.
The property sits in a B+ rated Urban Core neighborhood within the Los Angeles-Long Beach-Glendale metro, competitive among 1,441 metro neighborhoods. Amenity access ranks in the top quartile among metro peers (235 of 1,441) and tracks above national norms, with strong density of groceries, pharmacies, childcare, and cafes supporting daily convenience for residents.
Renter demand is supported by a high share of renter-occupied housing at the neighborhood level, indicating a deep tenant base and broad acceptance of multifamily living. Neighborhood occupancy trends are around the national median and have been stable near the low-90s, which supports leasing durability and manageable turnover risk.
The asset’s 2003 construction is newer than the neighborhood’s average vintage (early 1980s), which can help competitiveness versus older housing stock while still allowing targeted modernization or value-add common-area updates as systems age.
Within a 3-mile radius, demographic data show households have edged higher in recent years and are projected to increase further, implying a larger tenant base over time even as average household size trends lower. Median contract rents in the area sit above national levels, and elevated home values relative to income in the neighborhood reinforce reliance on rental housing—factors that can underpin pricing power and retention. Average school ratings are around the national midpoint, which can support broad family appeal without being a primary premium driver.
Safety indicators show a mixed but improving picture. The neighborhood scores stronger than many areas nationwide (high national safety percentile), yet within the Los Angeles metro its crime rank places it below the metro median, indicating comparatively higher crime versus local peers. Recent data also indicate steep year-over-year declines in both violent and property offense rates, suggesting momentum in the right direction. As always, investors should evaluate property-level security measures and block-by-block context as part of standard diligence.
Proximity to a diversified employment base supports workforce housing demand and commute convenience, with nearby roles in telecommunications, pharmaceuticals, media, life sciences, and entertainment that can help sustain leasing and retention.
- Charter Communications — telecommunications (9.4 miles)
- AmerisourceBergen — pharmaceuticals distribution (11.5 miles)
- Radio Disney — media offices (12.3 miles)
- Thermo Fisher Scientific — life sciences offices (12.3 miles)
- Disney — entertainment (12.5 miles) — HQ
This 41-unit property’s 2003 vintage positions it ahead of much of the local housing stock, offering competitive appeal with potential for targeted renovations to drive rents and retention. Neighborhood occupancy trends sit around the national median, and elevated ownership costs in the area continue to support renter reliance on multifamily housing. Based on commercial real estate analysis from WDSuite, amenity access ranks among the stronger cohorts in the metro, which can reinforce livability and leasing velocity.
Within a 3-mile radius, household counts have been rising and are projected to expand further, supporting a larger tenant base even as household sizes moderate. Neighborhood operating benchmarks, including above-average NOI-per-unit metrics, indicate the submarket can support healthy operations relative to national peers, while still leaving room for operational improvements and selective value-add execution.
- Newer 2003 construction relative to area vintage supports competitiveness with targeted modernization upside.
- Amenity-rich location and diversified nearby employers bolster demand and leasing stability.
- Household growth within 3 miles points to a larger renter base and supports occupancy over time.
- Elevated ownership costs reinforce multifamily demand, aiding pricing power and tenant retention.
- Risk: Safety ranks below the metro median and school quality is around the national midpoint; property-level diligence and asset positioning remain important.