| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 71st | Best |
| Amenities | 21st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 23901 Los Rosas St, West Hills, CA, 91304, US |
| Region / Metro | West Hills |
| Year of Construction | 1980 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
23901 Los Rosas St West Hills Multifamily Investment
This 30-unit property built in 1980 serves a high-income suburban neighborhood with median household income of $126,188 and strong occupancy fundamentals at 95.3% according to CRE market data from WDSuite.
West Hills represents a suburban neighborhood ranking in the top quartile nationally for NOI per unit at $17,165, reflecting strong rental fundamentals in the Los Angeles-Long Beach-Glendale metro. The neighborhood maintains 95.3% occupancy with median contract rents of $2,241, positioning it among higher-performing areas for rental income generation.
Demographics within a 3-mile radius show an affluent renter base with median household income of $131,393 and 77.3% owner-occupied housing units. The 22.7% rental share indicates a smaller but stable rental market, while household income growth of 29.6% over five years supports rent escalation potential. Population projections through 2028 anticipate 6.7% growth, expanding the potential tenant base.
The property's 1980 construction year aligns with the neighborhood average of 1969, suggesting consistent building stock that may present value-add renovation opportunities for modernization and rent premiums. Limited amenity density reflects the suburban character, with minimal walkable retail but adequate park access ranking in the 72nd percentile nationally.
The neighborhood demonstrates favorable safety metrics compared to regional averages, ranking 354th among 1,441 Los Angeles metro neighborhoods for overall crime levels, placing it in the 76th percentile nationally. Property crime rates show significant improvement with a 53.1% year-over-year decline, while violent crime decreased 76.1% over the same period.
These downward crime trends support tenant retention and leasing velocity in a market where safety considerations influence rental decisions. The improving security profile positions the property competitively within the broader Los Angeles multifamily landscape.
The West Hills area benefits from proximity to major corporate employers, providing workforce housing opportunities for professional tenants within reasonable commuting distance.
- Thermo Fisher Scientific — biotechnology and laboratory services (1.2 miles)
- Farmers Insurance Exchange — insurance services (3.7 miles) — HQ
- Thermo Fisher Scientific — biotechnology and laboratory services (4.4 miles)
- Amgen — biotechnology and pharmaceuticals (15.8 miles) — HQ
- Occidental Petroleum — energy and oil services (16.3 miles) — HQ
This 30-unit West Hills property offers exposure to a high-income suburban rental market with demonstrated occupancy stability and strong income fundamentals. The neighborhood's 95.3% occupancy rate and top-quartile NOI performance reflect solid operational metrics, while household income growth of nearly 30% over five years supports rental rate progression. The 1980 construction vintage presents potential value-add opportunities through strategic renovations to capture higher rents in this affluent submarket.
Demographics within a 3-mile radius show continued population and household growth projected through 2028, expanding the tenant base while maintaining the area's high-income profile. Commercial real estate analysis indicates the neighborhood's position in the 97th percentile nationally for NOI per unit demonstrates strong rental income potential relative to comparable suburban markets.
- High-income tenant base with median household income of $126,188 supports rent growth
- Strong occupancy fundamentals at 95.3% neighborhood-level performance
- Value-add potential through renovation of 1980-vintage units
- Population and household growth projected through 2028
- Risk: Limited rental inventory (22.7% rental share) may constrain comparable rent data