| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 57th | Good |
| Amenities | 48th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10206 Independence Ave, Chatsworth, CA, 91311, US |
| Region / Metro | Chatsworth |
| Year of Construction | 1985 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10206 Independence Ave Chatsworth Multifamily Investment
High renter concentration and steady neighborhood occupancy point to durable leasing fundamentals; according to WDSuite’s CRE market data, the submarket maintains competitive performance versus national peers.
The property sits within an Urban Core neighborhood of the Los Angeles metro (neighborhood rating: B) where daily-needs retail is a strength. Grocery and pharmacy access rank in the upper national percentiles, and restaurant density is similarly strong, supporting resident convenience and potential leasing retention. By contrast, limited cafe and park coverage nearby suggests fewer lifestyle amenities within immediate proximity.
Neighborhood multifamily fundamentals are healthy. Occupancy is in the top quartile nationally and above the Los Angeles metro median, supporting income stability for professionally managed assets. Renter-occupied housing share is in the top quartile among 1,441 metro neighborhoods, indicating a deep tenant base for apartments and consistent demand across cycles.
Home values in the neighborhood are elevated relative to national norms, and the value-to-income ratio trends high for the metro. In practice, a high-cost ownership market helps sustain reliance on multifamily housing, underpinning pricing power and lease-up velocity when units are appropriately positioned. At the same time, rent-to-income levels trend manageable for the area, which can aid renewal rates and reduce turnover risk from affordability pressure.
Demographic statistics aggregated within a 3-mile radius show recent population and household growth, with forecasts calling for additional household gains and smaller average household sizes. This points to a gradually expanding renter pool that can support occupancy stability and absorption. Average school ratings in the neighborhood are below national norms, which is a consideration for family-oriented leasing strategies but does not diminish the broader renter demand supported by employment access and daily services. These patterns are based on commercial real estate analysis from WDSuite’s data coverage.
Safety indicators compare favorably in context. The neighborhood’s crime standing places it in the top quartile among 1,441 Los Angeles metro neighborhoods and above the national median, based on WDSuite’s data. Recent estimates also show meaningful year-over-year declines in both property and violent offense rates, signaling an improving trend rather than a one-off data point.
As with any urban submarket, conditions can vary by block and over time. Investors should consider standard operational measures and local insights when underwriting, while recognizing that the comparative trajectory here has been positive versus both metro and national benchmarks.
Proximity to diversified employers supports renter demand and commute convenience, reinforcing workforce housing dynamics for nearby assets. Key employment nodes include Thermo Fisher Scientific, Farmers Insurance Exchange, AmerisourceBergen, Boston Scientific Neuromodulation, and Charter Communications.
- Thermo Fisher Scientific — life sciences (3.2 miles)
- Farmers Insurance Exchange — insurance (4.9 miles) — HQ
- AmerisourceBergen — pharmaceuticals distribution (12.7 miles)
- Boston Scientific Neuromodulation — medical devices (13.8 miles)
- Charter Communications — telecommunications (14.6 miles)
10206 Independence Ave is a 30-unit asset built in 1985 in Chatsworth, Los Angeles County. The vintage is slightly newer than the neighborhood’s average stock, offering relative competitiveness versus older buildings while leaving room for targeted modernization to drive rent premiums and operational efficiency. Neighborhood indicators show above-median metro occupancy and top‑quartile national standing, with a high share of renter-occupied units supporting a deep tenant base. Elevated ownership costs in the area further reinforce reliance on multifamily housing, aiding pricing power when units are well-positioned.
Within a 3-mile radius, recent and forecast household growth and smaller average household sizes suggest incremental renter pool expansion, supporting absorption and lease stability. According to CRE market data from WDSuite, daily-needs retail density (grocery, pharmacies, restaurants) is a local strength, which can bolster resident retention. Balancing factors include below-national-average school ratings and fewer lifestyle amenities like parks and cafes in immediate proximity, which should be considered in positioning and amenity programming.
- Occupancy above metro median and top‑quartile nationally supports income stability.
- High renter-occupied share indicates a deep tenant base for sustained leasing.
- 1985 vintage offers competitive positioning with value‑add potential via modernization.
- Elevated ownership costs reinforce multifamily demand and pricing power.
- Risks: below-average school ratings and limited nearby parks/cafes may affect family-oriented demand.