| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 69th | Good |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18600 Collins St, Tarzana, CA, 91356, US |
| Region / Metro | Tarzana |
| Year of Construction | 1978 |
| Units | 20 |
| Transaction Date | 2010-03-12 |
| Transaction Price | $550,000 |
| Buyer | DANESH BAKHSH JILLA |
| Seller | MPM DEVELOPMENT COMPANY LLC |
18600 Collins St Tarzana Multifamily Investment
High neighborhood occupancy and a sizable renter base point to steady leasing conditions, according to WDSuite’s CRE market data. Positioned in Los Angeles’ San Fernando Valley, this 20-unit asset benefits from strong renter demand drivers and everyday convenience.
Tarzana’s neighborhood fundamentals are attractive for multifamily investors. The area ranks 193rd among 1,441 Los Angeles metro neighborhoods (A-rated), placing it in the top quartile locally and trending above national benchmarks on several renter-relevant metrics, based on CRE market data from WDSuite.
Daily needs are well covered: grocery and pharmacy access are in the upper national percentiles, with restaurants and cafes also performing strongly. Park access is limited, so landscaped common areas or nearby private recreation can support marketing and retention.
Neighborhood occupancy is elevated versus national norms, and the share of renter-occupied housing is high for the metro—both signals of depth in the tenant base and support for occupancy stability. Average school ratings sit mid-range, which typically sustains broad demand across household types without overreliance on a single segment.
Home values sit in higher national percentiles and the value-to-income ratio is elevated, indicating a high-cost ownership market that reinforces reliance on multifamily housing. Within a 3-mile radius, household counts have risen even as population growth is flat to slightly negative, and forecasts call for further household gains alongside smaller average household size—factors that expand the renter pool and support leasing velocity.
Vintage and property positioning: Built in 1978 versus an early-1970s neighborhood average vintage, the asset is somewhat newer than much of the surrounding stock. That relative age can improve competitive positioning against older properties, though targeted modernization or systems upgrades may still be warranted to drive rent growth and manage long-term capex.
Safety indicators are favorable in a national context, with the neighborhood landing in the top quartile nationwide for lower reported crime. Within the Los Angeles metro, it is competitive among peer neighborhoods, supporting resident confidence and lease retention.
Recent trends are constructive: WDSuite’s data shows notable year-over-year declines in both property and violent offense rates. Underwriting should still account for property-level measures—lighting, access control, and onsite management—alongside neighborhood metrics.
Nearby employers span life sciences, insurance, energy, entertainment, and engineering—providing commuter convenience and supporting multifamily leasing stability.
- Thermo Fisher Scientific — life sciences (3.21 miles)
- Farmers Insurance Exchange — insurance (3.74 miles) — HQ
- Occidental Petroleum — energy (9.61 miles) — HQ
- Live Nation Entertainment — entertainment (10.58 miles) — HQ
- AECOM — engineering (10.59 miles) — HQ
18600 Collins St offers a 20-unit foothold in an A-rated Tarzana neighborhood with above-average occupancy, a deep renter-occupied housing share, and strong access to daily amenities. The high-cost ownership landscape in the area helps sustain rental demand and supports retention, while mid-range school ratings and diverse nearby employers broaden the tenant base. According to CRE market data from WDSuite, the neighborhood’s metrics align with stable operations for well-managed Class B assets.
Constructed in 1978—somewhat newer than the local average vintage—the property can position competitively against older stock. Investors may find additional upside via selective renovations or systems modernization to support rent growth, particularly given household growth within a 3-mile radius and a shift toward smaller household sizes that expand the renter pool.
- A-rated neighborhood in the top quartile locally, with strong amenity access and above-average occupancy
- High-cost ownership market reinforces reliance on rentals, aiding tenant retention and pricing power
- 1978 vintage offers relative competitiveness vs. older stock, with potential value-add via targeted upgrades
- 3-mile household growth and smaller household sizes expand the renter pool and support occupancy stability
- Risks: limited park access and broader macro sensitivity warrant prudent capex planning and conservative underwriting