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Compelling Reasons to Invest in Northridge Real Estate

Posted by renusingh on December 14, 2018
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Northridge Real Estate

Northridge is a vast and diverse community.  It has everything from single family homes, to townhomes, condos, and apartments. These all vary in age from the “older homes” being built in the 1950s and 60s to new construction and development today.  While Northridge is primarily composed of residential neighborhoods, there are several areas that combine both residential and commercial/shopping (near the Northridge Fashion Mall) as well as the CSUN adjacent neighborhoods that are most desirable to those who work or attend CSUN.  Depending on what you are looking for – proximity to CSUN, shopping, freeways, parks etc. – Northridge has what you are looking for.

Understanding Northridge Neighborhoods:

Northridge is broken up into 3 neighborhoods (according to their neighborhood councils).  These neighborhood councils work in conjunction with the City of Los Angeles to provide a smaller community feel while giving local residents a way to participate in their city government.  There is some debate on the northern border, between Devonshire Blvd and the 118 Freeway. Some believe this is part of Porter Ranch, while others, including the City of Los Angeles and the neighborhood councils, have this as part of the Northridge Community.

Northridge East:  Covers the areas of Northridge East of Reseda and all the way south to Nordhoff.  This includes the California State University Northridge, Northridge Park Recreation Center.

Housing
Single Family Residence (SFR)

avg price (2017)

$715,217
SFR – avg. house sq.ft. (2017) 2,177
SFR – avg. lot sq.ft. (2017) 12,131
Condo/Townhouse

avg price (2017)

$444,418
Condo/Townhouse avg. sq.ft. (2017) 1,573
Walkability score Most range from the high teens to mid-50s – some homes are closer to shopping than others.  Areas closest to CSUN and Reseda Blvd will be in the 70s

Should you buy property in Northridge East?

Northridge East is where you can find a fine blend of a comfortable lifestyle and economical property prices. The locals in this area belong to the age group close to 50s. They generally live with their kids who are in their pre-teens and teens. This is a good choice if you looking for something pocket-friendly but has to be a warm and decent neighborhood.

Northridge West:

Covers the area West of Reseda to Corbin and starts at the north with the 118 Freeway and down to Nordhoff St.  This neighborhood included the Northridge Fashion Center and is also near the CSUN campus.

Housing
Single Family Residence (SFR)

avg price (2017)

$788,105
SFR – avg. house sq.ft. (2017) 2,576
SFR – avg. lot sq.ft. (2017) 12,185
Condo/Townhouse

avg price (2017)

$481,584
Condo/Townhouse avg. sq.ft. (2017) 1,573
Walkability score Most range from the high teens to mid-50s – some homes are closer to shopping than others.  Areas closest to CSUN and Reseda Blvd will be in the 60s and 70s

Should you buy property in Northridge West?

Northridge west has most young families residing in them.  People who belong to the age group between 40-50 inhabit Northridge West with their teen children. Since they are in their prime years of career, as they are earning the maximum amount they can, they can afford to lead a relatively luxurious lifestyle. Therefore, the cost of property in this neighborhood is higher than the rest. The area of an average property is also relatively more than the other neighborhoods.  This is a great neighborhood to live in.

Northridge Neighborhood South:

This neighborhood’s northern border is Nordhoff St. It’s western border goes to Winnetka Ave, and follows South to Parthenia St. and then cuts over to Corbin Ave. down to Roscoe Blvd.  The southern border follows along Roscoe Blvd. over to White Oak Ave. It then jogs further south to Saticoy St. and over to Louise Ave. , where it jogs back north to Roscoe Blvd. The eastern border runs along “Bull Creek” which is located between Balboa Blvd. and Hayvenhurst Ave.  This area includes the highly sought after “Sherwood Forest” neighborhood. These homes are known for their large sprawling lots which are usually flat. It is also close to the CSUN campus.

Housing
Single Family Residence (SFR)

avg price (2017)

$643,594
SFR – avg. house sq.ft. (2017) 1,879
SFR – avg. lot sq.ft. (2017) 11,286
Condo/Townhouse

avg price (2017)

$368,741
Condo/Townhouse avg. sq.ft. (2017) 1,366
Walkability score Most range from the 30s to mid-50s and 60s and some 70s– many homes are close to major streets which means closer to shopping than others.  

Should you buy property in Northridge South?

South of the Northridge neighborhood is the most economical area of the three. It is the area where most of the workforce resides. It is closer to major streets, which means if you are somebody who wants to shell out less money on a property as well as on commuting, this is the best choice for you.