| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 37th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 20422 Cohasset St, Winnetka, CA, 91306, US |
| Region / Metro | Winnetka |
| Year of Construction | 2007 |
| Units | 38 |
| Transaction Date | 2001-04-23 |
| Transaction Price | $450,000 |
| Buyer | VH RUNNYMEDE LP |
| Seller | SPRINGS RUNNYMEDE |
20422 Cohasset St Winnetka Multifamily Investment
This 38-unit property built in 2007 benefits from neighborhood-level occupancy at 96.8% and strong rental demand fundamentals. CRE market data from WDSuite indicates the area ranks in the top quartile nationally for amenity access and housing metrics.
Located in Winnetka within the Los Angeles-Long Beach-Glendale metro, this property sits in a neighborhood rated B+ among 1,441 metro neighborhoods. The area demonstrates strong occupancy fundamentals with 96.8% neighborhood-level occupancy rates, ranking in the top quartile nationally. Rental housing comprises 56.9% of local housing units, indicating sustained rental demand dynamics.
The neighborhood ranks in the 79th national percentile for amenity access, with notable density of essential services including 5.18 grocery stores per square mile and strong restaurant concentration. Demographics within a 3-mile radius show a stable population base of approximately 218,500 residents, with 56.2% of housing units occupied by renters. Median household income of $86,219 supports rental affordability, though rent-to-income ratios suggest some affordability pressure for tenant retention considerations.
Built in 2007, this property aligns with the neighborhood's 1974 average construction year, potentially offering value-add renovation opportunities relative to older surrounding stock. Five-year projections indicate household growth of 34.7% within the 3-mile radius, expanding the potential renter pool and supporting occupancy stability. Median contract rents have increased 32.4% over five years, with projections showing continued upward trajectory through 2028.
Home values at $626,783 median create elevated ownership costs that sustain rental demand, with home value-to-income ratios ranking in the 95th national percentile. This dynamic reinforces tenant reliance on multifamily housing and supports lease retention. The neighborhood's urban core classification and proximity to employment centers enhance its appeal for workforce housing.
Safety metrics show favorable trends for the neighborhood, ranking 209th among 1,441 metro neighborhoods for overall crime, placing it in the 81st national percentile. Property offense rates have declined significantly by 76.2% year-over-year, ranking in the 97th national percentile for improvement. Violent crime rates are notably low at 10.08 incidents per 100,000 residents, with an exceptional 96.2% decrease year-over-year.
These improving safety trends support tenant retention and property appeal, with crime reduction efforts demonstrating measurable results. The neighborhood's crime performance compares favorably to metro averages, contributing to stable occupancy fundamentals and resident satisfaction metrics.
The property benefits from proximity to major corporate employers that support workforce housing demand, including insurance, technology, and entertainment companies within the greater Los Angeles employment corridor.
- Farmers Insurance Exchange — insurance (2.0 miles) — HQ
- Thermo Fisher Scientific — biotechnology and life sciences (2.2 miles)
- Thermo Fisher Scientific — biotechnology and life sciences (2.9 miles)
- Occidental Petroleum — energy and petroleum (12.8 miles) — HQ
- Charter Communications — telecommunications (13.4 miles)
This 38-unit property presents compelling fundamentals through neighborhood-level occupancy stability at 96.8% and strong rental demand drivers. Built in 2007, the asset offers potential value-add opportunities relative to the area's 1974 average construction vintage. According to CRE market data from WDSuite, the neighborhood ranks in the top quartile nationally for housing metrics and amenity access, supporting tenant retention and lease-up velocity.
Demographics within a 3-mile radius show household growth projections of 34.7% through 2028, expanding the renter pool and supporting occupancy fundamentals. Elevated home values at $626,783 median reinforce rental demand by limiting ownership accessibility. The area's proximity to major employers including Farmers Insurance Exchange headquarters and Thermo Fisher Scientific facilities provides workforce housing appeal.
- Neighborhood occupancy at 96.8% ranks in top quartile nationally
- Projected household growth of 34.7% expands renter pool through 2028
- 2007 construction offers value-add potential in older neighborhood stock
- High home values sustain rental demand and tenant retention
- Risk: Rent-to-income ratios may pressure affordability and lease management