| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 57th | Good |
| Amenities | 48th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10025 De Soto Ave, Chatsworth, CA, 91311, US |
| Region / Metro | Chatsworth |
| Year of Construction | 1979 |
| Units | 104 |
| Transaction Date | 2000-12-19 |
| Transaction Price | $7,725,000 |
| Buyer | DESERT SHADOWS INVESTMENTS LLC |
| Seller | DESOTO APARTMENTS #171 LLC |
10025 De Soto Ave Chatsworth Multifamily Investment
This 104-unit property benefits from strong neighborhood occupancy at 96% and elevated rental demand in a market where 71% of housing units are renter-occupied, according to CRE market data from WDSuite.
The Chatsworth neighborhood demonstrates solid fundamentals for multifamily investors, with a B rating and performance in the top quartile nationally across key housing metrics. Neighborhood-level occupancy sits at 96%, ranking above metro median among 1,491 Los Angeles-area neighborhoods, while the high renter-occupied share of 71% indicates sustained rental demand depth.
Demographics within a 3-mile radius show a stable tenant base with median household income of $106,483 and projected growth to $149,959 by 2028. The area's 119,549 residents are expected to generate modest population growth, while household formation is projected to increase 38% over the next five years, expanding the potential renter pool and supporting occupancy stability.
Built in 1979, this property aligns with neighborhood construction patterns but presents potential value-add opportunities through targeted capital improvements and unit renovations. The area's median contract rent of $2,040 provides context for rental positioning, while grocery store density ranks in the 98th percentile nationally, supporting tenant retention through convenient daily amenities.
Home values averaging $590,851 reinforce rental demand by maintaining elevated ownership costs that keep households in the rental market. The rent-to-income ratio suggests manageable affordability for area residents, though investors should monitor renewal rates and pricing power in the context of income growth projections.
The neighborhood ranks in the 78th percentile nationally for overall crime metrics, indicating relatively favorable safety conditions compared to neighborhoods across the country. Property crime rates have declined significantly year-over-year, with an estimated decrease of 79%, while violent crime rates similarly dropped 85% over the same period.
These improving safety trends, combined with the neighborhood's top-quartile crime ranking among 1,491 metro neighborhoods, support tenant retention and leasing velocity. Investors should continue monitoring local crime statistics as part of ongoing property management and tenant relations strategies.
The Chatsworth area benefits from proximity to established corporate offices and headquarters, providing workforce housing opportunities for employees across healthcare, insurance, and media sectors.
- Thermo Fisher Scientific — life sciences & healthcare (3.1 miles)
- Farmers Insurance Exchange — insurance services (4.7 miles) — HQ
- Charter Communications — telecommunications (14.5 miles)
- Occidental Petroleum — energy & petroleum (15.7 miles) — HQ
- Disney — entertainment & media (16.5 miles) — HQ
This 104-unit Chatsworth property offers stable cash flow fundamentals anchored by strong neighborhood occupancy at 96% and a substantial renter base comprising 71% of local housing units. The 1979 construction year presents value-add potential through strategic renovations and unit improvements, while projected household growth of 38% over five years supports sustained rental demand.
Demographics show income growth from $106,483 to a projected $149,959 by 2028, indicating improving tenant quality and potential for rent growth. Commercial real estate analysis from WDSuite reveals the neighborhood's B rating and top-quartile national performance in housing metrics, supported by declining crime rates and strong grocery store access that enhances tenant retention.
- Strong occupancy fundamentals with 96% neighborhood-level occupancy above metro median
- Substantial rental demand depth with 71% renter-occupied housing units
- Value-add opportunity through renovations of 1979-vintage units
- Projected 38% household growth supporting tenant base expansion
- Risk consideration: Monitor rent-to-income ratios and renewal rates as income growth materializes