| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 69th | Good |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18540 Collins St, Tarzana, CA, 91356, US |
| Region / Metro | Tarzana |
| Year of Construction | 1979 |
| Units | 52 |
| Transaction Date | 2011-12-19 |
| Transaction Price | $6,000,000 |
| Buyer | 18540 COLLINS STREET LLC |
| Seller | PARKWOOD APARTMENTS OWNER LLC |
18540 Collins St Tarzana 52-Unit Multifamily
Neighborhood-level occupancy is high with a sizable renter-occupied housing base, supporting durable leasing conditions in Tarzana, according to WDSuite’s CRE market data. This location offers stable demand drivers relative to the Los Angeles metro, with pricing power influenced by a high-cost ownership market.
The property sits in Tarzana’s Urban Core with an A-rated neighborhood profile and occupancy trending strong over the past five years. Renter-occupied housing accounts for a material share of units (occupancy renter share 62.2%), indicating depth in the tenant base and support for steady absorption and renewals at the neighborhood level.
Local amenities are a relative strength: grocery and pharmacy access rank among the higher concentrations nationally, and restaurants and cafes are plentiful by Los Angeles standards. Park access is limited within the immediate area, so outdoor space typically comes from private or nearby commercial amenities rather than large public parks. Average school ratings are slightly above national norms, which can aid long-term neighborhood stability.
For investors, ownership costs are elevated in this part of Los Angeles County, which tends to sustain multifamily demand and lease retention. Neighborhood rent-to-income levels track more favorably than many coastal submarkets, suggesting manageable affordability pressure and supporting pricing consistency. NOI per unit in the neighborhood benchmarks above national norms, per commercial real estate analysis from WDSuite.
Demographic statistics aggregated within a 3-mile radius show households increasing even as average household size trends lower, implying more, smaller households entering the market. That dynamic generally expands the renter pool and supports occupancy stability, even if population growth is mixed over the same period.
The building’s 1979 vintage is somewhat newer than the local average stock (early 1970s), providing a competitive edge versus older assets, while still warranting ongoing modernization and system upgrades as part of capital planning.
Neighborhood safety indicators trend favorable compared with national benchmarks: overall crime performance sits in the upper quartile nationally, and both violent and property offense rates track safer than the U.S. average. Recent year-over-year readings show meaningful declines in estimated violent and property offenses, according to WDSuite’s data, which supports renter confidence and lease retention without making block-level claims.
Safety varies by corridor within the Los Angeles-Long Beach-Glendale metro; investors should underwrite property-level measures (lighting, access control, and management practices) alongside these neighborhood trends to contextualize risk.
Proximity to diversified corporate employment supports renter demand and commute convenience, with concentrations in life sciences, insurance, energy, entertainment, and engineering that align with white-collar and technical workforces.
- Thermo Fisher Scientific — life sciences equipment (3.3 miles)
- Farmers Insurance Exchange — insurance (3.8 miles) — HQ
- Occidental Petroleum — energy (9.6 miles) — HQ
- Live Nation Entertainment — entertainment (10.5 miles) — HQ
- AECOM — engineering & infrastructure (10.6 miles) — HQ
18540 Collins St offers exposure to a high-occupancy Los Angeles submarket with a sizable renter-occupied housing base and strong amenity access. Elevated ownership costs in the neighborhood reinforce reliance on multifamily, while rent-to-income dynamics point to manageable affordability pressure that can support retention and steady collections. The property’s 1979 vintage is modestly newer than the area’s typical early-1970s stock, positioning it competitively versus older assets and creating room for targeted value-add through modernization and system upgrades.
Demographic statistics within a 3-mile radius show household counts rising and household sizes moderating, expanding the potential tenant base even as broader population growth is mixed. Neighborhood NOI per unit benchmarks above national norms and occupancy remains sturdy relative to metro trends, according to CRE market data from WDSuite, suggesting durable income characteristics with prudent management.
- High neighborhood occupancy and strong renter concentration support stable leasing
- Elevated home values sustain multifamily demand and pricing consistency
- 1979 vintage allows competitive positioning with clear modernization/value-add paths
- 3-mile household growth and smaller household sizes expand the renter pool
- Risks: limited immediate park access and mixed population trends warrant conservative underwriting