| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 57th | Good |
| Amenities | 48th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10220 Eton Ave, Chatsworth, CA, 91311, US |
| Region / Metro | Chatsworth |
| Year of Construction | 1986 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10220 Eton Ave, Chatsworth CA Multifamily Investment
Positioned in a renter-heavy Los Angeles submarket with neighborhood occupancy trending strong, this 40-unit asset offers durable demand drivers, according to WDSuite’s CRE market data. The immediate thesis centers on stable leasing conditions and value-add potential from a 1986 vintage.
The property sits in a Los Angeles-Long Beach-Glendale metro neighborhood rated B and ranked 616 out of 1,441, placing it above the metro median. Neighborhood occupancy is strong at the area level (ranked 596 of 1,441; 77th percentile nationally), suggesting supportive conditions for sustained leasing; note that this occupancy figure reflects the neighborhood, not the property.
Livability drivers skew toward daily needs: grocery and pharmacy access are both top quartile nationally (98th and 96th percentiles), and restaurants are similarly strong (95th percentile), while parks and cafés are lighter locally. For investors, the mix points to convenience-oriented amenities that support retention even if lifestyle options are more limited nearby.
Tenure patterns indicate depth in the renter base: the neighborhood’s share of housing units that are renter-occupied is elevated (97th percentile nationally), which typically supports multifamily demand and reduces exposure to for-sale competition. Median household income trends are above national norms (72nd percentile), helping underpin rent collections and renewal prospects.
Within a 3-mile radius, demographics show recent population growth with a projected increase in households over the next five years, indicating a larger tenant base and supporting occupancy stability. Elevated home values (89th percentile nationally) and a higher value-to-income ratio in the neighborhood context point to a high-cost ownership market, which tends to sustain reliance on rental housing and can reinforce lease-up velocity for well-positioned assets.
The average construction year in the neighborhood is 1981. With a 1986 vintage, the asset is somewhat newer than area stock, offering relative competitiveness versus older buildings; investors should still plan for modernization of aging systems or common areas to meet current renter preferences.
School ratings in the area trend below national norms (37th percentile), which may temper family-driven demand relative to top-performing school clusters. Even so, the neighborhood’s housing metrics (ranked 250 of 1,441, top quartile) and strong renter concentration remain supportive of multifamily fundamentals.
Neighborhood safety indicators compare favorably in a national context. The area’s crime profile sits in the 78th percentile nationally (safer than many neighborhoods), and recent year-over-year estimates point to meaningful declines in both property and violent offenses. Within the Los Angeles-Long Beach-Glendale metro, the neighborhood’s crime rank is 304 out of 1,441, competitive among metro peers.
Interpret these figures as directional at the neighborhood level rather than block-specific conditions. For investors, the combination of improved trends and above-average national standing can support leasing stability and resident retention when paired with standard onsite security and property management practices.
Nearby employers span life sciences, insurance, and medical technology, supporting a diversified renter pool and commute convenience: Thermo Fisher Scientific, Farmers Insurance, AmerisourceBergen, and Boston Scientific appear within practical drive times.
- Thermo Fisher Scientific — life sciences (3.0 miles)
- Farmers Insurance Exchange — insurance (4.9 miles) — HQ
- AmerisourceBergen — pharmaceuticals distribution (12.7 miles)
- Boston Scientific Neuromodulation — medical technology (13.8 miles)
- Charter Communications — telecommunications (14.9 miles)
This 40-unit, 1986-vintage asset in Chatsworth benefits from a renter-heavy neighborhood with above-metro occupancy performance and daily-needs amenities that support retention. Elevated ownership costs in the area help sustain multifamily demand, while household incomes above national norms broaden the qualified tenant base. Based on CRE market data from WDSuite, the neighborhood-level occupancy and renter concentration point to steady leasing fundamentals, with modernization upside typical for mid-1980s construction.
Within a 3-mile radius, recent population growth and a projected increase in households indicate a larger renter pool over the next several years. These dynamics, combined with strong access to groceries, pharmacies, and restaurants, suggest stable absorption and renewal prospects for well-managed units, while acknowledging that school ratings and limited parks/cafés could modestly narrow certain renter segments.
- Neighborhood occupancy and renter concentration support stable leasing
- 1986 vintage offers value-add potential through targeted renovations
- High-cost ownership market reinforces reliance on rental housing
- Growing 3-mile household base expands the tenant pipeline
- Risks: modest school ratings and fewer parks/cafés may limit some demand