| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 69th | Good |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18632 Collins St, Tarzana, CA, 91356, US |
| Region / Metro | Tarzana |
| Year of Construction | 1976 |
| Units | 37 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18632 Collins St Tarzana Multifamily Investment
Neighborhood-level occupancy remains competitive and renter concentration is high in this Tarzana pocket, supporting steady demand and lease stability, according to WDSuite’s CRE market data. Elevated ownership costs in Los Angeles further sustain the renter pool near 18632 Collins St.
The property sits in an A-rated neighborhood that ranks 193 out of 1,441 Los Angeles–Long Beach–Glendale metro neighborhoods, placing it in the top quartile locally. Neighborhood occupancy of 96.8% is measured for the neighborhood, not the property, and ranks 460 of 1,441 — competitive among Los Angeles neighborhoods — signaling stable leasing conditions for nearby multifamily assets.
Amenity access is a local strength: grocery and pharmacy density score in the mid-90s nationally, with cafes and restaurants also above the 80th percentile. While the immediate area lacks significant park acreage, walkable daily-needs retail and services help support resident convenience and retention. Average school ratings are moderate (around 3 out of 5), which is typical for many infill Los Angeles subareas.
The renter-occupied share in the neighborhood is 62.2% (top quartile in the metro and strong nationally), indicating a deep tenant base for multifamily operators. Median contract rents and NOI per unit both benchmark above national norms, and rents have trended upward over the last five years. These signals point to durable demand drivers rather than one-off spikes.
Within a 3-mile radius, household counts have increased even as total population edged down, reflecting smaller household sizes and a potential tilt toward apartment living. This dynamic, combined with a high-cost ownership market, supports absorption for efficiently sized units and underpins pricing power when managed with resident affordability in mind.
Relative to neighborhoods nationwide, this area sits in the upper quartile for safety (76th percentile). Within the Los Angeles–Long Beach–Glendale metro, the neighborhood’s crime rank is 345 out of 1,441, placing it among the safer tranche locally. WDSuite’s data also indicates notable year-over-year declines in estimated violent and property offenses, suggesting improving conditions; as always, investors should evaluate property-specific security measures and block-level context.
A diverse employment base nearby — including life sciences, insurance, engineering, energy, and entertainment — supports renter demand via short commutes and broad professional workforce depth.
- Thermo Fisher Scientific — life sciences (3.15 miles)
- Farmers Insurance Exchange — insurance (3.67 miles) — HQ
- Occidental Petroleum — energy (9.65 miles) — HQ
- AECOM — engineering (10.63 miles) — HQ
- Live Nation Entertainment — entertainment (10.63 miles) — HQ
Tarzana’s A-rated neighborhood profile, competitive occupancy, and deep renter base create a supportive backdrop for multifamily performance. Elevated home values in Los Angeles (with neighborhood ownership costs high relative to incomes) tend to reinforce renter reliance on apartments, which can sustain leasing velocity and help preserve occupancy. According to CRE market data from WDSuite, neighborhood rent levels and NOI per unit benchmark above national norms, consistent with strong amenity access and diversified employment nearby.
Within a 3-mile radius, households have grown while overall population has slipped, implying smaller household sizes and a renter pool that favors efficient units — a useful alignment with compact floor plans commonly found in infill buildings. Looking ahead, projections indicate continued growth in local households, which would expand the tenant base and support rent durability, though operators should balance pricing with resident affordability to protect retention.
- Competitive neighborhood occupancy and top-quartile local ranking support leasing stability
- Deep renter-occupied share indicates strong multifamily demand depth
- High-cost ownership market reinforces reliance on rentals and pricing power
- 3-mile household growth and smaller household sizes expand the renter pool
- Risk: affordability pressure (rent-to-income) requires careful renewal and amenity strategy