| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 66th | Good |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10340 Canoga Ave, Chatsworth, CA, 91311, US |
| Region / Metro | Chatsworth |
| Year of Construction | 1989 |
| Units | 59 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10340 Canoga Ave Chatsworth Multifamily Investment
Stabilized renter demand in the Chatsworth neighborhood is supported by high occupancy and strong incomes, according to WDSuite's CRE market data. The investment angle centers on steady leasing fundamentals in a high-cost ownership market that sustains multifamily reliance at the neighborhood level.
Chatsworth's neighborhood metrics point to durable multifamily fundamentals for investors. Neighborhood occupancy ranks in the top quartile nationally, signaling leasing stability across the area (measured at the neighborhood level, not this property). NOI per unit also benchmarks at a top national percentile, reinforcing an operating environment where professionally managed rentals have performed competitively relative to peer neighborhoods, based on WDSuite data.
Local living amenities are diversified: grocery and pharmacy access index well above national norms, and restaurant density is competitive, while park and cafe density inside the neighborhood core is thinner. Public school quality trends in the top quartile nationally, which can support retention for larger households. Within the Los Angeles-Long Beach-Glendale metro, the neighborhood's overall standing is competitive among 1,441 neighborhoods, highlighting relative strength without over-reliance on a single amenity node.
Housing and renter base: The property's 1989 vintage is newer than the neighborhood's average construction year (1979). That positioning typically offers a competitive edge versus older stock, though investors should underwrite for selective modernization of building systems and common areas to support rent positioning. At the 3-mile radius, renter-occupied housing accounts for roughly 42.5% of units, indicating a meaningful renter concentration and depth of tenant demand for mid-scale multifamily assets.
Demographics and demand outlook (3-mile radius): Population and households have expanded over the past five years, and projections through 2028 indicate additional growth alongside rising household incomes. This points to a larger tenant pool over time and supports occupancy stability and pricing power for well-maintained product. Elevated home values relative to incomes in the neighborhood context reinforce renter reliance on multifamily housing, which can aid lease retention.
Safety signals are mixed when viewed locally versus nationally. Within the Los Angeles-Long Beach-Glendale metro's 1,441 neighborhoods, the neighborhood-level crime rank indicates crime can be higher relative to many local peers. However, national comparisons from WDSuite show violent offense rates benchmarking in a high (safer) national percentile and property offenses also trending safer than average.
Recent trend data indicates sizable year-over-year declines in both violent and property offense estimates at the neighborhood level. For investors, this combination—strong national percentiles with improving trendlines—suggests safety conditions that are moving in a favorable direction, while still warranting customary due diligence and property-level security planning consistent with Los Angeles operations.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience, notably in life sciences, insurance, healthcare distribution, medical devices, and telecommunications.
- Thermo Fisher Scientific — life sciences (3.1 miles)
- Farmers Insurance Exchange — insurance (5.1 miles) — HQ
- AmerisourceBergen — healthcare distribution (12.5 miles)
- Boston Scientific Neuromodulation — medical devices (13.6 miles)
- Charter Communications — telecommunications (15.0 miles)
10340 Canoga Ave is a 59-unit, 1989-vintage asset in a neighborhood that, according to CRE market data from WDSuite, exhibits top-quartile national occupancy and competitive operating performance at the neighborhood level. The vintage is newer than the area's average construction year, positioning the property well versus older stock, while still meriting targeted upgrades to sustain rent positioning and manage long-term capital planning. Elevated neighborhood home values and a sizable renter-occupied share within a 3-mile radius support a durable tenant base and retention for mid-size multifamily.
Household and income growth in the 3-mile radius, alongside competitive amenity access and strong neighborhood school ratings, point to steady demand and leasing stability. Investors should balance these strengths against thinner park/cafe density and standard Los Angeles operating considerations.
- Top-quartile neighborhood occupancy and competitive operating profile support stable leasing
- 1989 vintage offers competitive positioning versus older stock with value-add/modernization potential
- High-cost ownership landscape reinforces renter reliance and lease retention potential
- 3-mile radius growth and income gains expand the tenant base and support occupancy
- Risks: thinner park/cafe density and local crime rank relative to metro warrant standard security and amenity strategies