| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 66th | Good |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 21717 Lassen St, Chatsworth, CA, 91311, US |
| Region / Metro | Chatsworth |
| Year of Construction | 1978 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
21717 Lassen St Chatsworth CA Multifamily Opportunity
Neighborhood occupancy is consistently high and renter demand is reinforced by a high-cost ownership market, according to WDSuite’s CRE market data. Investors should view this asset as positioned for stable leasing with room to optimize operations.
Chatsworth an Urban Core pocket within the Los Angeles-Long Beach-Glendale metro rates A- overall and is competitive among metro neighborhoods (ranked 315 out of 1,441). The local renter-occupied share sits in the high-30s, indicating a meaningful tenant base for multifamily while still leaving scope to capture demand from households that remain in ownership. Metro-level occupancy in this neighborhood tracks in the top decile nationally, supporting lease stability through cycles.
Daily needs are well covered: grocery and pharmacy access score in the low-90s percentiles nationally, and restaurants are similarly abundant. Caf e9 and park densities are thin by comparison, which modestly tempers lifestyle appeal but does not detract from core convenience. Average school ratings are strong (top quartile nationally and above the metro median at rank 121 out of 1,441), adding to family-oriented renter depth.
Home values benchmark high (mid-90s national percentile) and the value-to-income ratio is elevated for the region. For multifamily owners, this high-cost ownership backdrop tends to sustain renter reliance on apartments and can aid retention and pricing power, particularly when paired with top-quartile housing fundamentals in the neighborhood.
Within a 3-mile radius, households increased over the past five years and are projected to continue rising, while average household size trends slightly lower. Median incomes have climbed materially and are forecast to grow further, expanding the renter pool for quality units and supporting collections and potential rent rolls as leases turn.
Relative safety indicators for the neighborhood compare favorably: composite measures track around the top decile of neighborhoods nationwide, and estimated violent and property offense rates show sharp year-over-year declines. While conditions can vary by block and over time, the directional trend provides a supportive backdrop for resident retention and leasing.
The area draws on a diversified employment base that supports renter demand through short commutes to life sciences, insurance, healthcare distribution, and energy corporate offices highlighted below.
- Thermo Fisher Scientific life sciences (2.5 miles)
- Farmers Insurance Exchange insurance (4.5 miles) HQ
- AmerisourceBergen healthcare distribution (13.1 miles)
- Boston Scientific Neuromodulation medical devices (14.3 miles)
- Occidental Petroleum energy (16.0 miles) HQ
Built in 1978, this 38-unit asset sits in a Los Angeles metro neighborhood with top-decile occupancy and strong access to daily-needs amenities. According to CRE market data from WDSuite, high home values and above-median incomes in the area reinforce sustained renter demand, which, combined with stable neighborhood occupancy, points to durable cash flow potential. The vintage suggests scope for targeted value-add or systems modernization to enhance competitiveness versus newer stock.
Within a 3-mile radius, households have grown and are projected to continue increasing as incomes rise, supporting a larger tenant base and aiding renewal rates. The ownership market remains costly relative to income, which can bolster apartment retention and pricing discipline, though limited park and caf e9 density and the property s age warrant thoughtful capex planning.
- Top-decile neighborhood occupancy supports leasing stability and cash flow resilience.
- High home values versus income sustain renter reliance on multifamily, aiding retention.
- 1978 vintage offers value-add and systems-upgrade potential to drive NOI.
- Diversified nearby employers across life sciences, insurance, healthcare, and energy support demand.
- Risks: older building may require capital investment; lifestyle amenities (parks/caf e9s) are thinner locally.