| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 57th | Good |
| Amenities | 48th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10230 Independence Ave, Chatsworth, CA, 91311, US |
| Region / Metro | Chatsworth |
| Year of Construction | 1984 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10230 Independence Ave Chatsworth Multifamily Investment
Neighborhood occupancy is strong and renter demand is supported by daily-needs retail nearby, according to WDSuite’s CRE market data for the Chatsworth area. These are neighborhood-level signals that point to stable operations for a well-managed asset.
Chatsworth’s neighborhood rating of B places it above many Los Angeles-Long Beach-Glendale peers, with the area performing competitive among metro neighborhoods on occupancy and income. Neighborhood occupancy trends are in the upper tier (96% per neighborhood data), and the area’s renter-occupied share of housing units is high, indicating depth in the tenant base and support for multifamily absorption and retention. These metrics are measured for the neighborhood, not the property.
Amenity access is mixed: daily-needs retail is a relative strength, with grocery and pharmacy density ranking in the top quartile nationally and restaurants also testing high. However, parks, cafes, and childcare are limited within the immediate neighborhood. For investors, this typically favors predictable day-to-day convenience but may reduce some lifestyle-driven leasing tailwinds that appear in denser core submarkets.
Within a 3-mile radius, demographics show population growth over the last five years and an increase in households, expanding the local renter pool. Projections indicate further household gains alongside smaller average household sizes, which generally supports multifamily demand by creating a larger base of prospective renters and reinforcing occupancy stability.
Ownership costs are elevated for the region, and neighborhood home values sit high relative to national norms. Combined with a rent-to-income profile that suggests manageable affordability pressure, this context often sustains rental demand and can support pricing power and lease retention when operations are disciplined and product is well-positioned.
Neighborhood safety trends compare favorably: Chatsworth ranks in the safer tier within the Los Angeles-Long Beach-Glendale metro (top quartile among 1,441 neighborhoods) and sits above the national median (high national percentile). Recent neighborhood data also indicates notable year-over-year improvements in both property and violent offense rates. While these are neighborhood-level indicators and not block-specific, a strengthening safety backdrop can support leasing stability and resident retention.
The surrounding employment base blends healthcare, insurance, life sciences, and communications roles, supporting a broad renter pool and commute convenience for workforce and professional tenants. Key nearby employers include Thermo Fisher Scientific, Farmers Insurance, 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 (12.6 miles)
- Boston Scientific Neuromodulation — medical devices (13.8 miles)
- Charter Communications — telecommunications (14.6 miles)
10230 Independence Ave is a 36-unit asset with large average floorplans, positioning it well for family and roommate demand in a neighborhood that demonstrates above-median occupancy and a high share of renter-occupied housing units. Based on commercial real estate analysis from WDSuite, neighborhood occupancy trends outpace many local peers, while daily-needs amenities and a diversified employment base underpin steady leasing conditions.
Built in 1984, the property may benefit from targeted value-add and systems modernization to remain competitive against newer stock, with unit size providing a differentiator for rent trade-ups. Within a 3-mile radius, population growth and projected household increases point to a larger tenant base; at the same time, elevated ownership costs in the area tend to sustain reliance on multifamily housing, supporting occupancy and rent performance over a longer hold.
- Occupancy strength at the neighborhood level supports stable operations and lease retention.
- Large average unit size offers differentiation and potential for value-add repositioning in 1984 vintage stock.
- Daily-needs retail and nearby employers (insurance, life sciences, telecom) reinforce multifamily demand.
- High-cost ownership context can bolster pricing power when paired with disciplined lease management.
- Risks: below-average school ratings and limited parks/cafes may temper some lifestyle appeal; rising rents and a modest drift toward ownership share call for careful affordability monitoring.