| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 66th | Good |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 21700 Septo St, Chatsworth, CA, 91311, US |
| Region / Metro | Chatsworth |
| Year of Construction | 1979 |
| Units | 97 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
21700 Septo St Chatsworth 97-Unit Multifamily Property
This 1979-vintage property sits in a neighborhood with 98.2% occupancy and strong tenant retention fundamentals. Commercial real estate analysis from WDSuite shows the area ranking in the top quartile nationally for safety metrics.
The Chatsworth neighborhood demonstrates solid fundamentals for multifamily investors, with neighborhood-level occupancy reaching 98.2% and ranking 219th among 1,441 metro neighborhoods. The area attracts families and working professionals, supported by demographic data aggregated within a 3-mile radius showing median household income of $102,096 with 67% growth over five years.
Renter-occupied units comprise 43.7% of the housing stock, providing a substantial rental market base. Contract rents average $2,003 with 25.9% growth over the past five years, while forecasts suggest continued upward pressure with median rents projected to reach $2,657 by 2028. The neighborhood's 82nd national percentile for household income supports rental pricing power.
Local amenities strengthen tenant appeal with above-average access to essential services. The area ranks in the 99th percentile nationally for childcare density and 91st percentile for grocery stores, supporting family-oriented renters. Schools average 4.0 out of 5 stars, ranking in the 84th percentile nationally. The 1979 average construction year aligns with this property's vintage, though investors should plan for capital improvements typical of mid-1980s buildings.
Forward-looking demographics show household growth of 38.2% projected through 2028, with median household income expected to reach $146,292. This expansion in both household count and income levels supports sustained rental demand, though investors should monitor the forecasted shift toward higher-income brackets and potential ownership competition.
The neighborhood demonstrates strong safety metrics that support tenant retention and property values. Violent crime rates rank 24th among 1,441 Los Angeles metro neighborhoods, placing it in the 88th percentile nationally. Property crime similarly performs well, ranking 171st metro-wide and reaching the 70th percentile compared to neighborhoods nationwide.
Recent trends show significant improvement in both categories, with violent crime declining 98.9% year-over-year and property crime dropping 91.6%. While these dramatic decreases may reflect reporting changes or temporary factors, the underlying safety profile ranks consistently above metro and national averages, supporting the area's appeal to quality tenants.
The property benefits from proximity to major corporate employers that provide stable workforce housing demand, led by life sciences and insurance operations within commuting distance.
- Thermo Fisher Scientific — life sciences and laboratory services (2.5 miles)
- Farmers Insurance Exchange — insurance services (4.5 miles) — HQ
- Thermo Fisher Scientific — life sciences operations (5.0 miles)
- Amerisourcebergen — pharmaceutical distribution (13.1 miles)
- Boston Scientific Neuromodulation — medical device manufacturing (14.2 miles)
This 97-unit property offers exposure to a stable rental market with demonstrated occupancy strength and income growth. The neighborhood's 98.2% occupancy rate and 25.9% rent growth over five years reflect solid tenant demand, while CRE market data from WDSuite shows the area ranking in the top quartile nationally for safety and above metro averages for demographics. The 1979 construction year presents value-add opportunities through targeted renovations and unit upgrades.
Demographic projections support long-term demand with 38.2% household growth expected through 2028 and median income rising to $146,292. The substantial life sciences employment base, anchored by Thermo Fisher Scientific locations within 5 miles, provides workforce stability. However, investors should plan for deferred maintenance typical of 1980s construction and monitor potential ownership competition as income levels rise.
- Neighborhood occupancy of 98.2% demonstrates strong tenant retention
- 25.9% rent growth over five years with continued upward pressure projected
- 38.2% household growth forecast supports expanding renter pool
- Value-add potential through renovations of 1979-vintage units
- Risk: Rising incomes may increase ownership competition over time