| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 69th | Good |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5405 Lindley Ave, Tarzana, CA, 91356, US |
| Region / Metro | Tarzana |
| Year of Construction | 1977 |
| Units | 51 |
| Transaction Date | 2020-01-31 |
| Transaction Price | $10,300,000 |
| Buyer | SIENNA TERRACES LLC |
| Seller | LINDLEY MANOR LP |
5405 Lindley Ave, Tarzana CA Multifamily Investment
Positioned in a high-cost ownership pocket of the San Fernando Valley, the neighborhood s renter demand is supported by solid occupancy and strong incomes, according to WDSuite s CRE market data.
Tarzana s Urban Core setting offers daily convenience that compares favorably within the Los Angeles-Long Beach-Glendale metro. Amenities rank 181 out of 1,441 neighborhoods, which is top quartile among metro peers, and national amenity access is strong with cafes, childcare, groceries, and pharmacies all testing in the mid-90s to upper-90s percentiles. The trade-off is limited immediate park acreage reported for the neighborhood.
Neighborhood occupancy is 92.1% (measured for the neighborhood, not the property) and the renter-occupied share is about 38%, indicating a deeper ownership base locally. For investors, that split suggests a defined but competitive renter pool, with demand supported by commute convenience and services. Median contract rents in the neighborhood are in the low-$2,000s, consistent with a high-cost ownership market that sustains reliance on rental housing and can support pricing power where product quality is competitive.
Within a 3-mile radius, households have grown modestly while average household size declined, pointing to more, smaller households entering the market a configuration that typically supports steady absorption of multifamily units. Median household income in the neighborhood sits in the upper tiers regionally and nationally, while the rent-to-income ratio near 0.17 implies manageable affordability pressure that can aid retention and lease management.
Vintage context matters: the average construction year nearby is 1971, and this property s 1977 vintage is slightly newer than the area norm. That positioning can be competitive versus older stock, though investors should plan for ongoing system modernization and targeted renovations to maintain leasing momentum.
Relative safety indicators are competitive among Los Angeles metro neighborhoods. The neighborhood s crime rank is 409 out of 1,441, placing it above the metro median, and it lands around the mid-70s national percentile, indicating safer conditions than many neighborhoods nationwide. Reported year-over-year declines in both property and violent offense rates further support a favorable trend, though investors should monitor local policing and community initiatives over time.
Proximity to established corporate employers supports a stable renter base seeking commute convenience, notably in healthcare, insurance, and energy, with additional HQ nodes in entertainment and engineering that broaden white-collar demand.
- Thermo Fisher Scientific life sciences (3.9 miles)
- Farmers Insurance Exchange insurance (4.4 miles) HQ
- Occidental Petroleum energy (8.9 miles) HQ
- Live Nation Entertainment entertainment (9.9 miles) HQ
- AECOM engineering & infrastructure (9.9 miles) HQ
5405 Lindley Ave sits within a high-income, amenity-rich pocket of the San Fernando Valley where elevated ownership costs and a defined renter base underpin demand. Neighborhood occupancy around the low-90s and a rent-to-income profile near 0.17 point to stable leasing fundamentals and manageable affordability pressure for professionally managed product. Based on commercial real estate analysis from WDSuite, national-percentile amenities and improving safety indicators complement the case for ongoing demand.
Built in 1977, the asset is slightly newer than the neighborhood s 1971 average, offering a competitive edge versus older stock while still benefiting from targeted value-add and system modernization. Within a 3-mile radius, households are rising and average household size is trending lower, suggesting more, smaller households entering the market a setup that can support renter pool expansion and occupancy stability over the medium term.
- Amenity-rich, high-income location supports durable renter demand
- Neighborhood occupancy ~92% and rent-to-income near 0.17 support retention
- 1977 vintage offers value-add and modernization upside versus older stock
- 3-mile household growth with smaller household sizes expands the renter pool
- Risks: limited park access and an ownership-leaning submarket can increase competition for renters