| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 69th | Good |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18375 Collins St, Tarzana, CA, 91356, US |
| Region / Metro | Tarzana |
| Year of Construction | 1985 |
| Units | 49 |
| Transaction Date | 2021-05-06 |
| Transaction Price | $14,700,000 |
| Buyer | RIVIERA CHAMP LP |
| Seller | CLEAR VALLEY APTS LLC |
18375 Collins St Tarzana Multifamily Investment
This 49-unit property benefits from strong neighborhood occupancy at 96.8% and elevated rental demand, according to CRE market data from WDSuite.
This Tarzana neighborhood ranks in the top quartile nationally for housing fundamentals among 1,441 Los Angeles metro neighborhoods, with occupancy at 96.8% and a strong rental share of 62.2%. The area demonstrates solid rental demand with contract rents averaging $1,754 for one-bedroom units, reflecting 17.7% growth over five years.
Built in 1985, the property aligns with the neighborhood's 1973 average construction vintage, positioning it for potential value-add opportunities through targeted capital improvements. Demographics within a 3-mile radius show a stable household base of 57,686 units with median income of $96,827, supporting rental demand fundamentals.
The neighborhood offers strong amenity density with 4.07 grocery stores per square mile ranking in the 94th percentile nationally, plus robust childcare access at 2.03 facilities per square mile. These lifestyle amenities support tenant retention in a market where the average NOI per unit reaches $11,430, ranking in the 86th percentile nationally.
Five-year demographic projections indicate household growth of 31.1% within the 3-mile radius, expanding the potential renter pool. Forecast median household income is expected to rise 44.2% to $139,578, while contract rents are projected to increase 34.9%, suggesting continued pricing power for well-positioned multifamily assets.
The neighborhood demonstrates improving safety trends with property crime declining 74.4% year-over-year, ranking in the 96th percentile nationally for crime reduction. Violent crime rates also decreased significantly by 93.3%, placing the area in the 99th percentile for improvement among metro neighborhoods.
Current crime rates position the neighborhood competitively within the Los Angeles metro, with the overall crime rank at 345 out of 1,441 neighborhoods. These positive safety trends support tenant retention and can contribute to stable occupancy levels for multifamily properties in the area.
The area benefits from proximity to major corporate employers, providing workforce housing opportunities for professionals across healthcare, insurance, and technology sectors.
- Thermo Fisher Scientific — healthcare technology (3.5 miles)
- Farmers Insurance Exchange — insurance — HQ (4.0 miles)
- Thermo Fisher Scientific — healthcare technology (6.2 miles)
- Occidental Petroleum — energy — HQ (9.5 miles)
- Live Nation Entertainment — entertainment — HQ (10.4 miles)
This 49-unit Tarzana property presents a compelling multifamily investment opportunity in an A-rated neighborhood with strong fundamentals. Built in 1985, the asset offers value-add potential through strategic renovations while benefiting from neighborhood occupancy of 96.8% and NOI per unit averaging $11,430 in the 86th percentile nationally. Commercial real estate analysis from WDSuite indicates the area's rental demand remains robust with 62.2% of housing units renter-occupied.
Demographic projections within a 3-mile radius show household growth of 31.1% over five years, expanding the tenant base while median incomes are forecast to rise 44.2% to $139,578. Contract rents are projected to increase 34.9%, suggesting sustained pricing power. The neighborhood's strong amenity profile and improving safety metrics support tenant retention and occupancy stability.
- High occupancy fundamentals at 96.8% neighborhood rate with strong rental demand
- Value-add potential through renovations of 1985-vintage property
- Projected 31.1% household growth expanding renter pool over five years
- Strong NOI performance in 86th percentile nationally at $11,430 per unit
- Risk consideration: Monitor capital expenditure needs for 40-year-old building systems