| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 57th | Good |
| Amenities | 48th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 20830 Vintage St, Chatsworth, CA, 91311, US |
| Region / Metro | Chatsworth |
| Year of Construction | 1976 |
| Units | 23 |
| Transaction Date | 2021-10-18 |
| Transaction Price | $25,977,272 |
| Buyer | GENERAL ENTERPRISE INC |
| Seller | TANIOKA SHIGERU |
20830 Vintage St, Chatsworth Multifamily Investment
Neighborhood occupancy has been resilient with tight vacancies, supporting stable cash flow potential, according to WDSuite’s CRE market data. The area’s high-cost ownership market reinforces renter demand, positioning this asset for steady leasing in Los Angeles County.
Rated B with a rank of 616 among 1,441 Los Angeles–Long Beach–Glendale neighborhoods, this pocket of Chatsworth is competitive within the metro and offers fundamentals that support workforce and middle-income renter demand. Grocery and pharmacy access test well (national 98th and 96th percentiles), and restaurants are plentiful (95th percentile), though cafes and park acreage are limited. For investors, that mix favors daily convenience while leaving experiential retail and greenspace more car-dependent.
Neighborhood occupancy sits in the upper range (77th percentile nationally), indicating durable absorption. The renter-occupied share is elevated (97th percentile nationally), signaling a deep tenant base and consistent leasing velocity for multifamily. Median home values in the neighborhood are high with national 89th-percentile valuation metrics and a value-to-income profile that tilts toward renting, which can support retention and pricing power for well-managed assets.
Within a 3-mile radius, population expanded modestly over the last five years while households grew faster and are projected to continue increasing even as total population is forecast to edge down. Smaller household sizes are expected, which typically expands the renter pool and supports occupancy stability. Median incomes in the 3-mile area are strong and projected to rise further, while rent levels are also projected to increase; investors should balance this backdrop with affordability management to sustain lease-up and renewals.
The property’s 1976 vintage is slightly older than the neighborhood’s average construction year (1981). That age profile suggests straightforward value-add opportunities—targeted interior upgrades and system modernization—to compete effectively against newer stock while managing capital planning over the hold period.
Compared with regional peers, this neighborhood ranks 304 out of 1,441 in the Los Angeles metro for crime, placing it above the metro median and in the top quartile nationally for safety based on WDSuite benchmarks. Recent data also indicates year-over-year declines in both violent and property offense rates, a constructive trend for long-term stability. As always, investors should underwrite with submarket-level comps and property-specific history.
Nearby employment nodes feature life sciences, insurance, pharma distribution, medical devices, and telecom, supporting commute convenience and a diversified renter base. The list below reflects the closest notable employers that shape local leasing demand.
- Thermo Fisher Scientific — life sciences (3.1 miles)
- Farmers Insurance Exchange — insurance (4.7 miles) — HQ
- AmerisourceBergen — pharma distribution (12.9 miles)
- Boston Scientific Neuromodulation — medical devices (14.1 miles)
- Charter Communications — telecom (14.3 miles)
20830 Vintage St offers investors a manageable, 23-unit footprint in a renter-oriented Chatsworth enclave where neighborhood occupancy trends are healthy and the tenant base is deep. The area’s elevated ownership costs sustain reliance on multifamily housing, while rent-to-income metrics indicate room for disciplined revenue management. Based on CRE market data from WDSuite, neighborhood occupancy performs above national medians, and the daily-needs retail mix supports resident convenience.
The 1976 vintage provides clear value-add angles—interior refreshes and select building-system upgrades—to enhance competitiveness against newer product. Within a 3-mile radius, households are projected to grow even as total population trends flat to slightly lower, implying smaller household sizes and a broader renter pool that can support occupancy stability over the hold period. Underwriting should account for school quality variation and the need to program amenities given limited nearby parks and cafes.
- Tight neighborhood occupancy and strong renter concentration support leasing stability
- High-cost ownership market reinforces multifamily demand and potential retention
- 1976 vintage enables targeted value-add and system modernization to drive NOI
- 3-mile household growth and smaller household sizes expand the renter pool
- Risks: school ratings below regional norms and limited parks/cafes may require amenity programming