| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 66th | Good |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 21730 Septo St, Chatsworth, CA, 91311, US |
| Region / Metro | Chatsworth |
| Year of Construction | 1978 |
| Units | 24 |
| Transaction Date | 2020-07-27 |
| Transaction Price | $26,400,000 |
| Buyer | CHATSWORTH 101 LLC |
| Seller | J E M S CORP |
21730 Septo St Chatsworth Multifamily Investment Opportunity
Neighborhood occupancy remains tight with consistent renter demand, according to WDSuite’s CRE market data, positioning this Chatsworth asset for durable cash flow relative to wider Los Angeles trends.
Situated in Chatsworth within Los Angeles County, the property benefits from an Urban Core neighborhood that holds an A- rating and ranks 315 out of 1,441 metro neighborhoods — competitive among Los Angeles neighborhoods and effectively top quartile locally. Based on CRE market data from WDSuite, neighborhood multifamily occupancy tests in the upper national percentiles, supporting steady leasing and lower downtime risk for investors.
Renter-occupied housing represents a moderate share of neighborhood units, indicating sufficient depth of the tenant base without heavy reliance on highly transient households. Elevated home values in the area help sustain demand for rentals, which can support lease retention and measured pricing power.
Livability drivers are generally favorable for working households: grocery and restaurant density benchmark high nationally, and childcare access is a local strength. Offsetting this, the neighborhood shows limited cafe and park density — a consideration for lifestyle-focused renters. Schools average around 4 out of 5 and sit in the upper national percentiles, which can aid family-oriented leasing and longer tenures.
Within a 3-mile radius, demographics indicate recent population growth with additional gains projected, alongside an increase in households and gradually smaller household sizes. For multifamily investors, that combination points to a larger renter pool and demand support that can reinforce occupancy stability over the hold period.
Neighborhood financial performance signals are strong as well: NOI per unit benchmarks in the top national percentiles among neighborhoods, consistent with the area’s high occupancy and income levels. The local construction profile centers on the late 1970s; with a 1978 vintage, this asset may benefit from targeted value-add and systems modernization to remain competitive versus newer stock.
Safety indicators for the neighborhood compare favorably, landing in the higher national percentiles (top decile) versus neighborhoods nationwide. Relative to Los Angeles metro peers, conditions are above the metro median, based on WDSuite’s CRE market data.
Recent trends show a pronounced year-over-year decline in estimated property and violent offense rates at the neighborhood level. While safety varies by block and no single metric is definitive, these directional improvements provide a supportive backdrop for resident retention and leasing stability.
Nearby employers in life sciences, insurance, healthcare distribution, medical devices, and telecommunications underpin a diversified employment base that supports renter demand and commute convenience for residents.
- Thermo Fisher Scientific — life sciences (2.5 miles)
- Farmers Insurance Exchange — insurance (4.5 miles) — HQ
- AmerisourceBergen — pharmaceutical distribution (13.1 miles)
- Boston Scientific Neuromodulation — medical devices (14.2 miles)
- Charter Communications — telecommunications (15.2 miles)
This 24-unit, 1978-vintage asset offers exposure to a high-performing Chatsworth neighborhood where occupancy is strong and renter demand is reinforced by an established employment base and elevated ownership costs. According to CRE market data from WDSuite, neighborhood occupancy and NOI per unit benchmark in the upper national percentiles, supporting an investment case centered on durable leasing and measured rent growth rather than aggressive underwriting.
The property’s slightly older vintage suggests targeted value-add and systems upgrades could enhance competitive positioning and returns, while a moderate renter-occupied share indicates a stable tenant base. Within a 3-mile radius, recent population growth and increases in households point to an expanding renter pool that can support lease-up velocity and renewal retention over time. Key risks include limited park and cafe density for lifestyle-oriented tenants and the capital planning needed to modernize 1970s systems.
- Tight neighborhood occupancy supports leasing stability and lower downtime
- Elevated home values reinforce sustained rental demand and renewal pricing power
- 1978 vintage offers value-add and systems modernization potential
- Expanding 3-mile renter pool supports retention and long-term demand
- Risks: lifestyle amenity gaps (parks/cafes) and CapEx for older building systems