| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 37th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7323 Winnetka Ave, Winnetka, CA, 91306, US |
| Region / Metro | Winnetka |
| Year of Construction | 2003 |
| Units | 21 |
| Transaction Date | 2022-09-01 |
| Transaction Price | $6,388,000 |
| Buyer | CASA VICTORIA BAKERSFIELD LLC |
| Seller | WINNETKA TOWNHOME APARTMENTS LLC |
7323 Winnetka Ave Winnetka Multifamily Investment
This 21-unit property built in 2003 sits in a neighborhood with 96.8% occupancy and strong rental demand fundamentals. CRE market data from WDSuite indicates the area ranks in the top 20% nationally for housing metrics and amenity access.
The Winnetka neighborhood demonstrates solid fundamentals for multifamily investors, ranking in the top quartile nationally for housing metrics among 1,441 metro neighborhoods. With 96.8% neighborhood-level occupancy and a median contract rent of $1,903, the area shows rental market stability that supports consistent cash flow expectations.
Demographics within a 3-mile radius reveal a balanced tenant base with 58.4% of housing units renter-occupied, indicating sustained rental demand. The population of approximately 226,000 has grown modestly over five years, while household income projections suggest continued affordability for area rents. Median household income of $83,261 provides adequate rent-to-income ratios for tenant retention.
The neighborhood offers strong amenity density with 5.18 grocery stores per square mile and robust restaurant access, ranking in the 95th percentile nationally for dining options. This amenity concentration supports tenant satisfaction and retention. However, investors should note limited park access and below-average school ratings, which may influence family tenant demographics and long-term demand patterns.
The neighborhood demonstrates improving safety trends that support stable tenant retention and property values. Recent data shows property crime rates declined significantly by 76.2% year-over-year, placing the area in the 97th percentile nationally for crime reduction. Violent crime rates also decreased substantially by 96.2%, ranking in the top percentile for improvement among metro neighborhoods.
Current crime levels position the neighborhood competitively within the Los Angeles metro area, with property crime rates ranking above median among 1,441 neighborhoods. While absolute crime levels remain moderate, the strong downward trajectory in both property and violent offenses indicates positive momentum that can support tenant confidence and lease renewal rates.
The property benefits from proximity to major corporate employers that provide workforce housing demand and commute convenience for tenants.
- Farmers Insurance Exchange — insurance headquarters (2.2 miles) — HQ
- Thermo Fisher Scientific — life sciences offices (2.2 miles)
- Thermo Fisher Scientific — life sciences offices (3.3 miles)
- Occidental Petroleum — energy headquarters (12.4 miles) — HQ
- Charter Communications — telecommunications offices (13.0 miles)
This 2003-vintage property offers investors a stable cash flow opportunity in a neighborhood with demonstrated rental demand fundamentals. The 96.8% neighborhood occupancy rate and $1,903 median rent levels indicate consistent tenant demand, while the property's construction year positions it for manageable capital expenditure planning without immediate major renovations. Commercial real estate analysis from WDSuite shows the area ranking in the top quartile nationally for housing metrics, supporting long-term investment stability.
Demographics within the 3-mile radius support sustained rental demand, with 58.4% of housing units renter-occupied and projected household growth through 2028. The improving safety profile, with significant crime reductions across both property and violent categories, enhances tenant retention prospects. However, investors should monitor the below-average school ratings and limited park access, which may influence family tenant appeal and require targeted marketing strategies.
- High neighborhood occupancy at 96.8% indicates stable rental demand
- 2003 construction year allows predictable capital planning without immediate major renovations
- Strong amenity density with top-tier restaurant and grocery access supports tenant retention
- Significant crime reduction trends enhance long-term tenant confidence
- Risk consideration: Below-average school ratings may limit family tenant appeal