| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 66th | Good |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10428 Canoga Ave, Chatsworth, CA, 91311, US |
| Region / Metro | Chatsworth |
| Year of Construction | 1984 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10428 Canoga Ave Chatsworth Multifamily Investment
Neighborhood fundamentals point to occupancy stability and resilient renter demand, according to WDSuite s CRE market data, supporting a straightforward hold or value-add strategy in Los Angeles s San Fernando Valley.
Chatsworth s Urban Core location combines strong daily-needs access with family-oriented services: grocers and pharmacies trend in the higher national percentiles, and childcare density ranks near the top nationwide. By contrast, the neighborhood shows limited park and cafe presence, so lifestyle amenities skew toward practical convenience over leisure options. Average school ratings are solid (top quartile nationally), an attribute that tends to support lease retention for family renters.
Neighborhood multifamily performance is competitive, with occupancy trending in the top decile nationally and above many Los Angeles Long Beach Glendale submarkets, based on CRE market data from WDSuite. Relative rent levels sit in the upper national percentiles, signaling pricing power where operations are well managed and units are well positioned.
Within a 3-mile radius, demographics indicate population growth and an increase in households over the past five years, with projections pointing to further gains by 2028. The share of housing units that are renter-occupied sits near the low-40% range locally, providing a sizable tenant base while still leaving room for renter pool expansion as ownership costs remain elevated. Rising median incomes in the area help support rent collections and reduce volatility through cycles.
Home values are high for the region (top decile nationally), creating a high-cost ownership market that tends to sustain demand for rental housing and support pricing. With median rents elevated but rent-to-income ratios near manageable levels for many households, investors can focus on lease management and asset differentiation to maintain occupancy and drive renewals.
Relative to other neighborhoods nationwide, local safety indicators benchmark favorably, landing around the top decile nationally. Compared with the 1,441 neighborhoods across the Los Angeles Long Beach Glendale metro, the area performs competitively on both violent and property offense measures, based on WDSuite s data.
Recent neighborhood trends also point to year-over-year declines in both violent and property offense rate estimates. While crime can vary by block and over time, the directional improvements support renter confidence and leasing stability when paired with attentive property operations.
Proximity to diversified employers underpins weekday traffic and supports retention for workforce and professional renters. Key nearby demand drivers include Thermo Fisher Scientific, Farmers Insurance Exchange, AmerisourceBergen, Charter Communications, and Occidental Petroleum.
- Thermo Fisher Scientific life sciences (3.16 miles)
- Farmers Insurance Exchange insurance (5.15 miles) HQ
- AmerisourceBergen pharmaceutical distribution (12.42 miles)
- Charter Communications telecommunications (15.04 miles)
- Occidental Petroleum energy (16.37 miles) HQ
This 52-unit asset, built in 1984, is slightly newer than the neighborhood s average vintage, positioning it competitively versus older stock while still warranting targeted modernization and systems upgrades to sustain rent premiums. Occupancy in the surrounding neighborhood trends strong and nationally competitive, and elevated home values in Chatsworth contribute to steady renter reliance on multifamily housing. According to CRE market data from WDSuite, rent levels are high relative to national benchmarks, while rent-to-income dynamics remain manageable for many area households, supporting collections and retention when paired with prudent lease management.
Within a 3-mile radius, recent population growth and rising household counts point to a larger tenant base ahead, with income gains reinforcing demand for quality units. The renter-occupied share of housing units sits in the low-40% range, indicating both depth of demand and room for further renter pool expansion as ownership costs remain elevated. Key employers within commuting distance further diversify demand drivers and support leasing stability across cycles.
- Strong neighborhood occupancy and high-cost ownership market support sustained renter demand
- 1984 vintage offers competitive positioning with value-add potential through targeted upgrades
- Growing 3-mile population and household counts expand the tenant base and support renewals
- Diversified nearby employers underpin weekday traffic and leasing stability
- Risks: limited parks/cafe density and aging systems require amenity strategy and capital planning