| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 69th | Good |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18404 Collins St, Tarzana, CA, 91356, US |
| Region / Metro | Tarzana |
| Year of Construction | 1977 |
| Units | 43 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18404 Collins St Tarzana Multifamily Investment
This 43-unit property built in 1977 sits in a neighborhood ranking in the top quartile nationally for housing fundamentals, with 96.8% occupancy rates and strong renter demand supported by commercial real estate analysis from WDSuite.
The Tarzana neighborhood demonstrates strong multifamily fundamentals, ranking 193rd among 1,441 metro neighborhoods with an A rating. The area maintains 96.8% occupancy rates and shows solid rental demand with 62.2% of housing units renter-occupied, placing it in the 95th percentile nationally for rental share.
Built in 1977, this property aligns with the neighborhood's average construction year of 1973, indicating consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements. Median contract rents of $1,754 have increased 17.7% over five years, while the neighborhood ranks in the 86th percentile nationally for rent levels.
Demographics within a 3-mile radius show a stable tenant base of 159,298 residents with median household income of $96,938. The area benefits from strong amenity density, ranking in the 75th percentile nationally with 4.07 grocery stores per square mile and robust childcare and pharmacy access. Home values averaging $601,620 reinforce rental demand by maintaining elevated ownership costs that sustain renter reliance on multifamily housing.
Forward-looking projections indicate household growth to 75,518 units by 2028, representing a 31.1% increase that expands the potential renter pool. Median household income is forecast to rise 44% to $139,585, supporting rent growth potential while maintaining the area's position as workforce housing for the broader Los Angeles market.
The neighborhood demonstrates improving safety trends with property crime rates declining 74.4% year-over-year, ranking in the 96th percentile nationally for crime reduction. Current property offense rates of 241 per 100,000 residents place the area near the metro median, while violent crime rates have decreased 93.3% annually, ranking in the 99th percentile for improvement.
Overall crime metrics rank 345th among 1,441 metro neighborhoods, placing the area in the 76th percentile nationally. The substantial year-over-year improvements in both property and violent crime rates indicate positive trajectory that supports tenant retention and property values in this Urban Core location.
Major corporate employers within commuting distance provide workforce housing demand, anchored by life sciences, insurance, and entertainment companies.
- Thermo Fisher Scientific — life sciences (3.5 miles)
- Farmers Insurance Exchange — insurance — HQ (4.0 miles)
- Thermo Fisher Scientific — life sciences (6.2 miles)
- Occidental Petroleum — energy — HQ (9.5 miles)
- AECOM — engineering services — HQ (10.4 miles)
This 43-unit Tarzana property offers stable cash flow fundamentals in a neighborhood ranking in the top quartile nationally for housing metrics. Built in 1977, the asset presents value-add renovation opportunities while benefiting from 96.8% occupancy rates and strong rental demand in an area where 62.2% of units are renter-occupied. CRE market data from WDSuite indicates neighborhood-level rents have grown 17.7% over five years, supported by demographics showing household growth projected at 31.1% through 2028.
The location benefits from proximity to major employers including Thermo Fisher Scientific and Farmers Insurance headquarters, providing workforce housing demand. With median home values at $601,620, elevated ownership costs reinforce rental market participation while forecast median income growth to $139,585 supports future rent growth potential.
- Neighborhood occupancy at 96.8% indicates strong rental demand and cash flow stability
- 1977 construction year aligns with area average, presenting value-add renovation upside
- Projected 31.1% household growth through 2028 expands potential tenant base
- High home values at $601,620 sustain rental demand by maintaining ownership barriers
- Risk consideration: Rent-to-income ratio at 28% requires monitoring for affordability pressure on renewals