| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 63rd | Good |
| Amenities | 53rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10227 Mason Ave, Chatsworth, CA, 91311, US |
| Region / Metro | Chatsworth |
| Year of Construction | 2013 |
| Units | 50 |
| Transaction Date | 2023-06-14 |
| Transaction Price | $3,050,000 |
| Buyer | DM RIVIERA LLC |
| Seller | OKEEFE JAMES |
10227 Mason Ave Chatsworth Multifamily Investment
Newer 2013 construction in an inner-suburb pocket of Los Angeles with steady renter demand and high neighborhood occupancy, according to WDSuite’s CRE market data.
Situated in Chatsworth within the Los Angeles-Long Beach-Glendale metro, the property benefits from inner-suburb fundamentals: strong neighborhood occupancy (measured for the neighborhood, not the property) and a tenant base supported by above-median household incomes. Median home values in the area are elevated, which tends to sustain reliance on multifamily rentals and supports pricing power and retention.
At the neighborhood level, amenity access is competitive in everyday services such as pharmacies, groceries, and cafes, while parks and full-service restaurants are thinner than core urban nodes. Compared with other Los Angeles metro neighborhoods (1,441 total), the area’s overall profile sits above the metro median, with national percentiles indicating strength in housing and amenities without the premiums of prime urban districts.
Construction in the immediate area skews older on average (1980), and a 2013 vintage positions this asset as relatively competitive versus legacy stock, helping lease-up and renewal conversations. Investors should still plan for mid-life system updates over the hold.
Within a 3-mile radius, demographics point to a large, income-diverse renter pool and modest population growth, with households increasing and average household size gradually trending smaller. A renter-occupied share near two-fifths supports depth of demand for multifamily, while a rent-to-income profile consistent with local incomes suggests manageable affordability pressure that can aid occupancy stability.
Neighborhood safety benchmarks compare favorably at the national level. Based on WDSuite’s indicators, the area falls in the top decile nationally for both overall and violent offense rates, and recent year-over-year trends show notable improvement. In practical terms, this positions the neighborhood as competitive among Los Angeles neighborhoods and top quartile nationally for safety, a factor that can support resident retention and leasing consistency.
Nearby corporate nodes in healthcare, life sciences, and insurance provide a diversified employment base that supports commuter convenience and multifamily leasing. Key employers include Thermo Fisher Scientific, Farmers Insurance Exchange, AmerisourceBergen, and Boston Scientific Neuromodulation.
- Thermo Fisher Scientific — life sciences (3.6 miles)
- Farmers Insurance Exchange — insurance (5.1 miles) — HQ
- AmerisourceBergen — pharmaceuticals distribution (12.6 miles)
- Boston Scientific Neuromodulation — medical devices (13.8 miles)
This 50-unit, 2013-vintage asset aligns with durable renter demand in an inner-suburb pocket of Los Angeles where neighborhood occupancy runs high (neighborhood metric) and home values are elevated relative to incomes. The newer vintage enhances competitive positioning versus older local stock, helping limit near-term capital exposure to primarily mid-life system planning while supporting leasing stability and renewal capture.
According to CRE market data from WDSuite, local incomes are strong and rent levels track within retention-friendly ranges for the area, supporting stable collections and reduced turnover risk. Within a 3-mile radius, modest population growth, increasing household counts, and a sizable renter-occupied share point to a steady tenant base. The trade-off is thinner park and restaurant density compared with core urban submarkets, which investors should balance against the area’s commuting access and diversified employer base.
- 2013 construction offers competitive positioning versus older neighborhood stock with manageable mid-life capex planning.
- High neighborhood occupancy and strong local incomes support rent durability and resident retention.
- Elevated home values reinforce reliance on multifamily housing, underpinning depth of demand.
- Diversified nearby employers across life sciences, medical devices, and insurance bolster commuter-driven leasing.
- Risk: thinner park/restaurant density and potential affordability pressure require active lease management and amenity positioning.