| 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 | 1978 |
| Units | 97 |
| Transaction Date | 2003-03-13 |
| Transaction Price | $11,150,000 |
| Buyer | JEMS Corp. |
| Seller | First Bank of Beverly Hills Fsb |
21700 Septo St Chatsworth Multifamily Investment
Neighborhood fundamentals point to durable renter demand and high occupancy, according to WDSuite’s CRE market data, supporting stable cash flows for scaled assets in this part of Chatsworth.
The property sits in a Los Angeles metro neighborhood rated A- that ranks 315 out of 1,441 metro neighborhoods, placing it above the metro median for overall performance. Occupancy in the neighborhood is strong and remains competitive among Los Angeles neighborhoods, a positive signal for income stability and lease retention.
Daily needs are well-covered: grocery and restaurant density both score in the low 90s by national percentile, while pharmacies are similarly strong. Parks and cafes are thinner locally, which can temper walkable lifestyle appeal, but the broader amenity mix still supports renter convenience.
Schools average 4.0 out of 5 and sit in the top quartile nationally, which can help attract family renters and support lower turnover. Household incomes are also elevated (above the national median with an 82nd national percentile), and rent-to-income levels here suggest manageable affordability pressure relative to many LA submarkets—favorable for revenue durability without overextending tenants.
Within a 3-mile radius, WDSuite data shows population growth over the last five years alongside a larger household base and slightly smaller average household size. That combination typically expands the renter pool and supports occupancy, especially when paired with rising median incomes and ongoing rent growth trends. Elevated home values (94th national percentile) indicate a high-cost ownership market, which tends to reinforce reliance on multifamily rentals and supports pricing power and leasing velocity.
Safety indicators compare favorably in a national context. According to WDSuite’s data, this neighborhood scores in the top decile nationally for overall safety, with violent and property offenses both trending on the favorable side compared to U.S. peers. Recent year-over-year readings point to notable improvement, which, if sustained, can underpin renter retention and support asset performance.
While any urban Los Angeles location warrants routine risk management and ongoing monitoring, the area’s comparative standing versus national benchmarks and its recent directional trend provide a constructive backdrop for long-term multifamily operations.
The immediate area offers a diversified employment base that supports renter demand through commute convenience and professional services, including life sciences, insurance, and medical technology.
- Thermo Fisher Scientific — life sciences (2.5 miles)
- Farmers Insurance Exchange — insurance (4.5 miles) — HQ
- Thermo Fisher Scientific — life sciences (5.0 miles)
- AmerisourceBergen — healthcare distribution (13.1 miles)
- Boston Scientific Neuromodulation — medical devices (14.2 miles)
This 97-unit asset benefits from a neighborhood that is above the metro median for overall performance, with strong occupancy and household income fundamentals that support stable operations. Elevated ownership costs in the area sustain reliance on rental housing, while rising household counts within a 3-mile radius point to a larger tenant base and steady leasing. According to CRE market data from WDSuite, local rents and occupancy remain competitive versus national and Los Angeles metro benchmarks, aligning the asset with demand resilience rather than pure growth speculation.
Operationally, the area’s strong school ratings and access to daily amenities bolster retention potential, while proximity to diversified employers provides a steady inflow of renters. Investors should note thinner park and café density and monitor any modest softening from prior peak occupancy levels, but the broader fundamentals lean supportive for long-term hold or value-focused execution.
- Competitive neighborhood standing above metro median with historically strong occupancy
- Elevated home values reinforce multifamily demand and pricing power
- 3-mile radius shows population and household growth, expanding the renter pool
- Employer proximity across life sciences, insurance, and medical devices supports leasing stability
- Risk: thinner park/café density and slight occupancy softening warrant ongoing asset management focus