| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 69th | Good |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18440 Hatteras St, Tarzana, CA, 91356, US |
| Region / Metro | Tarzana |
| Year of Construction | 1977 |
| Units | 89 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18440 Hatteras St Tarzana Multifamily Investment
This 89-unit property built in 1977 sits in an established neighborhood with strong occupancy rates and renter demand, according to CRE market data from WDSuite.
The Tarzana neighborhood ranks in the top quartile nationally for housing metrics and amenities, placing 193rd among 1,441 metro neighborhoods with an A rating. Neighborhood-level occupancy stands at 96.8%, reflecting strong rental demand in an area where 62.2% of housing units are renter-occupied.
Built in 1977, this property aligns with the neighborhood's average construction year of 1973, suggesting potential value-add opportunities through strategic renovations and modernization. The area demonstrates solid fundamentals with median contract rents of $1,754 and strong amenity density, including 4.07 grocery stores per square mile.
Demographics within a 3-mile radius show a stable population of approximately 165,800 residents with median household income of $96,355. Forecast data indicates household growth and rising incomes through 2028, supporting continued rental demand and potential for measured rent increases over the investment horizon.
The neighborhood demonstrates improving safety trends with property crime rates declining 74.4% year-over-year and violent crime dropping 93.3%. Current crime metrics place the area in the 76th percentile nationally for overall safety, positioning above metro median among Los Angeles neighborhoods.
While property offense rates remain moderate at approximately 241 incidents per 100,000 residents, the significant year-over-year improvements suggest positive momentum that may support tenant retention and property values over time.
The area benefits from proximity to major corporate offices that provide stable employment for potential tenants, including life sciences, insurance, and technology companies within commuting distance.
- Thermo Fisher Scientific — life sciences (3.4 miles)
- Farmers Insurance Exchange — insurance HQ (3.9 miles)
- Occidental Petroleum — energy HQ (9.7 miles)
- AECOM — engineering & construction HQ (10.6 miles)
- Live Nation Entertainment — entertainment HQ (10.6 miles)
This 89-unit property offers exposure to a resilient Los Angeles submarket with demonstrated rental demand fundamentals. The neighborhood's 96.8% occupancy rate and strong amenity density support tenant retention, while the 1977 construction year presents opportunities for value-add improvements that could drive NOI growth.
Demographic projections show household growth and rising incomes through 2028, with multifamily property research indicating continued demand from a stable renter base. The property's positioning near major employers and transportation corridors provides additional leasing advantages in a competitive market.
- High neighborhood occupancy (96.8%) indicates strong rental demand
- Value-add potential through strategic renovations of 1977-vintage units
- Proximity to major corporate employers supports tenant base
- Forecast household growth and income increases support rent growth potential
- Risk: Rent-to-income ratios suggest affordability pressures may limit pricing power