| 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 | 2008 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
20422 Cohasset St Winnetka Multifamily Investment
Neighborhood occupancy remains elevated and steady, supporting leasing durability for a 38-unit asset, according to WDSuite's CRE market data. Strong renter demand in Winnetka points to stable cash flow potential, with metrics referring to the neighborhood rather than the property.
Neighborhood dynamics and livability
Winnetka carries a B+ neighborhood rating and is competitive among Los Angeles-Long Beach-Glendale neighborhoods. Amenity access is a strength: cafes, grocery stores, pharmacies, and restaurants benchmark in the mid-90s nationally by density, supporting daily convenience that can aid leasing and retention. These are neighborhood-level indicators and not property-specific.
Neighborhood occupancy is high and has edged up over five years, placing the area in the top quartile nationally for stabilized occupancy. Renter-occupied housing represents a majority share of neighborhood units, indicating a deep tenant base that supports multifamily absorption and renewal performance.
Within a 3-mile radius, the population has grown modestly while household counts increased more meaningfully, expanding the renter pool. Forward-looking data indicate households continuing to rise as average household size trends smaller, which typically supports demand for rental units and unit-mix flexibility. These demographic statistics are aggregated within a 3-mile radius.
Home values benchmark around the 90th percentile nationally, reflecting a high-cost ownership environment that tends to sustain reliance on rental housing and bolster pricing power. Neighborhood median contract rents are elevated as well, but a rent-to-income profile near 0.29 suggests manageable affordability pressure for lease management in multifamily property research.
The property’s 2008 vintage is newer than the neighborhood’s typical 1970s-era stock, supporting competitive positioning versus older comparables. Investors should still plan for ongoing systems maintenance as the asset seasons.
Safety context
Neighborhood safety indicators benchmark in the top quartile nationally versus neighborhoods across the country, a constructive backdrop for renter appeal and leasing stability.
Recent trend data show notable year-over-year improvement in both property and violent offense estimates at the neighborhood level, according to WDSuite's CRE market data. While safety can vary within sub-areas and over time, the directional trend supports a stable operating outlook.
- Farmers Insurance Exchange — insurance (2.1 miles) — HQ
- Thermo Fisher Scientific — life sciences (2.2 miles)
- Occidental Petroleum — energy (12.7 miles) — HQ
- Charter Communications — telecommunications (13.3 miles)
- AECOM — engineering & infrastructure (13.7 miles) — HQ
- Live Nation Entertainment — entertainment (13.7 miles) — HQ
Nearby corporate anchors provide a diversified employment base and commute convenience that supports renter demand. This includes Farmers Insurance Exchange, Thermo Fisher Scientific, Occidental Petroleum, AECOM, and Live Nation Entertainment.
The investment case centers on durable renter demand and competitive positioning. The neighborhood posts top-quartile occupancy with a majority share of renter-occupied housing units, and households within a 3-mile radius have expanded, supporting a deeper tenant base. Elevated home values reinforce reliance on rental housing, while a rent-to-income profile near 0.29 suggests balanced affordability that can aid retention, according to CRE market data from WDSuite.
Built in 2008, the asset is newer than much of the surrounding 1970s-era stock, helping it compete on finishes and systems versus older comparables. Investors should still underwrite routine modernization over the hold. Looking ahead, projections point to rising household counts and smaller average household sizes within 3 miles, which typically supports absorption and unit-mix flexibility, even if population growth moderates.
- High neighborhood occupancy and deep renter base support leasing stability
- Newer 2008 vintage versus older local stock enhances competitive positioning
- High-cost ownership market sustains rental demand and pricing power
- 3-mile household growth and smaller household sizes expand the renter pool
- Risks: modest forward population trends, limited parks, and potential affordability pressure require active lease and capex management