| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 69th | Good |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18552 Collins St, Tarzana, CA, 91356, US |
| Region / Metro | Tarzana |
| Year of Construction | 1972 |
| Units | 36 |
| Transaction Date | 2013-03-07 |
| Transaction Price | $4,200,000 |
| Buyer | LEVER APARTMENTS LP |
| Seller | COLLINS 36 LTD |
18552 Collins St, Tarzana CA Multifamily Investment
Positioned in an A-rated Los Angeles neighborhood with stable renter demand and high occupancy at the neighborhood level, according to WDSuite s CRE market data.
Tarzana s immediate neighborhood is rated A and ranks in the top quartile among 1,441 metro neighborhoods, signaling durable fundamentals for multifamily. Neighborhood occupancy is strong and has trended higher in recent years, supporting cash flow stability at the market level rather than the property specifically.
Local dynamics favor daily convenience: grocery and pharmacy density sits in high national percentiles, with ample cafes and restaurants nearby. While park access is limited in the neighborhood dataset, retail and services coverage helps sustain renter appeal and day-to-day livability.
Renter-occupied housing accounts for a majority share of neighborhood units, indicating depth in the tenant base and supportive conditions for lease-up and retention. Within a 3-mile radius, households have increased even as overall population edged lower, implying smaller household sizes and a broader pool of renters entering the market. Median incomes have climbed and are forecast to rise further by 2028, which, alongside projected rent growth within this radius, supports ongoing demand for rental units.
Elevated home values in this neighborhood (high national percentile) imply a high-cost ownership market that can reinforce reliance on multifamily rentals and support pricing power, especially when paired with neighborhood occupancy well above many U.S. areas. Average school ratings are mid-range, which is competitive for an Urban Core setting and consistent with balanced family and young-professional demand profiles. These conditions align with a favorable setup for investors conducting multifamily property research.
Safety indicators are comparatively favorable for Los Angeles: the neighborhood ranks better than many of the 1,441 metro neighborhoods and sits in a high national percentile, suggesting relatively safer conditions versus U.S. neighborhoods overall. Recent year-over-year estimates also point to meaningful declines in both violent and property offense rates, indicating a positive directional trend rather than block-level certainty.
Investors should treat these as neighborhood-level measures and monitor trends over time; comparative positioning above metro and national averages can support renter retention and reduce volatility, but localized conditions can vary within small urban blocks.
Nearby employment anchors span life sciences, insurance, and energy, with additional entertainment and engineering headquarters within commuting range a mix that supports workforce housing demand and commute convenience for renters.
- Thermo Fisher Scientific life sciences offices (3.3 miles)
- Farmers Insurance Exchange insurance services (3.8 miles) HQ
- Occidental Petroleum energy (9.6 miles) HQ
- Live Nation Entertainment entertainment (10.6 miles) HQ
- AECOM engineering & infrastructure (10.6 miles) HQ
18552 Collins St offers exposure to an A-rated Los Angeles neighborhood with a majority renter-occupied housing share, high neighborhood occupancy, and strong amenity coverage that supports day-to-day livability all favorable for tenancy depth and lease stability. According to CRE market data from WDSuite, the neighborhood s positioning is above metro medians across several housing and amenity indicators, while elevated ownership costs locally help sustain multifamily demand.
Built in 1972, the asset is older than many newer deliveries and may warrant targeted capital planning. That vintage can also enable value-add strategies (unit refreshes, systems upgrades, curb appeal) to enhance relative competitiveness against nearby product as rents and incomes in the 3-mile radius continue to trend upward. Household growth within this radius and projected income gains suggest a broader tenant base and support for occupancy stability over the hold period, while investors should underwrite for CapEx and prudent lease management given affordability pressure in a high-cost market.
- A-rated neighborhood with high occupancy and strong renter concentration at the neighborhood level
- Amenity-rich urban core location supports renter appeal and retention
- 1972 vintage allows value-add and systems modernization to drive NOI
- Elevated ownership costs reinforce multifamily demand and pricing power
- Risks: aging systems/CapEx, limited park access, and affordability considerations require disciplined underwriting