| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 69th | Good |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18355 Collins St, Tarzana, CA, 91356, US |
| Region / Metro | Tarzana |
| Year of Construction | 1972 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18355 Collins St Tarzana Multifamily Investment Opportunity
Neighborhood fundamentals point to stable renter demand and high occupancy at the area level, according to WDSuite’s CRE market data. Insights reference the surrounding neighborhood, not this specific property’s operations.
The property sits in an Urban Core pocket of Tarzana rated A and ranked 193 out of 1,441 Los Angeles metro neighborhoods, placing it in the top quartile among metro peers. Daily conveniences are strong: neighborhood metrics for grocery and pharmacy access are in the top national percentiles, with restaurants, cafes, and childcare also scoring well. School ratings trend modestly above the national median, supporting longer-term family tenancy patterns.
From an investment lens, neighborhood occupancy is elevated and competitive nationally, and the area’s renter-occupied share is substantial (about 62% of units are renter-occupied). Together, these indicators suggest depth in the tenant base and support for leasing stability. NOI per-unit performance for the neighborhood ranks favorably (227 of 1,441), signaling competitive income potential relative to other Los Angeles subareas.
Within a 3-mile radius, demographic data show recent population softening alongside a net increase in households, with projections calling for further household growth and smaller average household sizes. For multifamily, this often translates into a larger renter pool over time and supports absorption of well-located units, even if overall population growth moderates.
Ownership costs in the surrounding neighborhood are high by national standards (home values and value-to-income ratio sit in upper percentiles), which tends to sustain reliance on rental housing and can reinforce pricing power for competitive assets. At the same time, rent-to-income levels indicate affordability pressure for some renter cohorts, underscoring the importance of active lease management to support retention.
Safety indicators for the neighborhood are comparatively favorable: the area ranks 345 out of 1,441 Los Angeles metro neighborhoods on crime, and overall stands in a higher national percentile than many U.S. neighborhoods. Recent WDSuite data also point to notable year-over-year declines in both violent and property offense rates, a constructive trend for long-term stability. These references describe neighborhood-level conditions rather than block-specific dynamics.
Nearby employment anchors span life sciences, insurance, energy, entertainment, and engineering, supporting renter demand through diverse white-collar and corporate office bases. The following employers illustrate commute-friendly access that can aid tenant retention and leasing consistency.
- Thermo Fisher Scientific — life sciences (3.5 miles)
- Farmers Insurance Exchange — insurance (4.1 miles) — HQ
- Occidental Petroleum — energy (9.5 miles) — HQ
- Live Nation Entertainment — entertainment (10.4 miles) — HQ
- AECOM — engineering (10.4 miles) — HQ
This Tarzana asset benefits from strong neighborhood fundamentals: elevated occupancy at the neighborhood level, a deep renter-occupied housing base, and proximity to diverse employment centers. According to CRE market data from WDSuite, the area ranks in the top quartile among Los Angeles neighborhoods for overall performance, with service-rich amenities that help support tenant retention and lease-up consistency.
Household counts within a 3-mile radius have been rising and are projected to grow further as average household size declines, which can expand the renter pool even as broader population trends level off. High-cost ownership conditions in the neighborhood generally reinforce multifamily demand, though rent-to-income dynamics call for thoughtful pricing and renewal strategies. Limited park access is a local consideration, but strong access to daily services and corporate employment helps underpin long-term demand.
- Neighborhood-level occupancy and renter concentration support leasing stability
- Strong amenity access and corporate employment nodes bolster tenant retention
- High-cost ownership market sustains reliance on rental housing
- Demographic shift toward smaller households expands the renter pool
- Risks: limited park access and affordability pressure require active lease management