| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 88th | Best |
| Demographics | 82nd | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11540 Poema Pl, Chatsworth, CA, 91311, US |
| Region / Metro | Chatsworth |
| Year of Construction | 1987 |
| Units | 48 |
| Transaction Date | 2023-10-20 |
| Transaction Price | $106,400,000 |
| Buyer | IMT CAPITAL VI SUMMERSET VILLAGE LLC |
| Seller | EQR-FRESCA 2009 LIMITED PARTNERSHIP |
11540 Poema Pl Chatsworth Multifamily Investment
Stabilized neighborhood occupancy and a deep, income-supported renter base point to durable demand, according to WDSuite’s CRE market data. The property’s 48-unit scale in suburban Los Angeles positions it for steady operations with targeted value-add upside.
Located in suburban Chatsworth within Los Angeles County, the asset sits in a neighborhood that exhibits high renter demand and tight availability. Neighborhood occupancy is strong and above national norms, supporting cash flow durability for well-managed multifamily assets, based on CRE market data from WDSuite.
Rents in the immediate neighborhood benchmark toward the higher end nationally, while the rent-to-income ratio indicates headroom relative to tenant earnings. Within a 3-mile radius, median household incomes have grown in recent years and are projected to continue rising, which can support rent growth and lease retention for quality units.
Tenure patterns within a 3-mile radius show an ownership-leaning housing stock with a renter-occupied share around one-third. For investors, this typically means a more selective but stable renter pool, with demand anchored by proximity to employment nodes and larger floor plans that appeal to long-term renters.
The average construction year among nearby properties trends newer (2000s), while this property was built in 1987. That age gap often translates to practical value-add opportunities—modernizing interiors, systems, and amenities—to enhance competitiveness against newer stock and to support rent positioning.
Neighborhood safety indicators track close to the national middle, according to WDSuite’s CRE market data, suggesting conditions that are generally comparable to many U.S. communities. Recent data show a notable year-over-year decline in estimated property offenses—an encouraging trend—while violent offense estimates moved higher over the same period, underscoring the importance of standard security and asset management practices.
Within the Los Angeles metro (1,441 neighborhoods), the area performs around the middle of the pack rather than the top tier. Investors should weigh these mixed signals in context with property-level controls, lighting and access improvements, and typical resident screening to support leasing stability.
The location draws from a diversified employment base spanning life sciences, insurance, medical devices, and telecom—supporting weekday traffic and a stable pool of renters. Nearby employers include Thermo Fisher Scientific, Farmers Insurance, AmerisourceBergen, Boston Scientific Neuromodulation, and Charter Communications.
- Thermo Fisher Scientific — life sciences (4.3 miles)
- Farmers Insurance Exchange — insurance (6.6 miles) — HQ
- AmerisourceBergen — pharmaceutical distribution (11.1 miles)
- Boston Scientific Neuromodulation — medical devices (12.2 miles)
- Charter Communications — telecom & media offices (16.1 miles)
11540 Poema Pl offers investors a 48-unit footprint in a high-occupancy Los Angeles suburban neighborhood where renter demand is reinforced by strong local incomes and proximity to diverse employment corridors. Built in 1987, the asset is older than much of the surrounding stock, creating actionable value-add opportunities to modernize finishes and building systems and to sharpen competitive positioning against 2000s-era comparables.
Neighborhood performance trends—tight occupancy, higher-end rent benchmarks, and a renter base supported by income growth within a 3-mile radius—align with steady operations for well-maintained assets. According to CRE market data from WDSuite, rent-to-income dynamics suggest room to price for quality, while the area’s ownership-leaning tenure can translate into longer stays among renters who prefer larger suburban layouts.
- Tight neighborhood occupancy supports cash flow stability for quality operations.
- 1987 vintage provides clear value-add upside versus newer 2000s peer stock.
- Income growth within 3 miles and diversified nearby employers support renter demand.
- Rent-to-income metrics indicate pricing power for well-renovated units.
- Risks: amenity scarcity nearby and mixed safety trends warrant active management and targeted CapEx.