| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 56th | Good |
| Amenities | 24th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9101 Topanga Canyon Blvd, Chatsworth, CA, 91311, US |
| Region / Metro | Chatsworth |
| Year of Construction | 1992 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9101 Topanga Canyon Blvd Chatsworth Multifamily Investment
Neighborhood occupancy remains tight and ownership costs are high, supporting durable renter demand according to WDSuite’s CRE market data; investors may find stable operations with room for value-add at this 1992 vintage asset.
Chatsworth sits within the Los Angeles-Long Beach-Glendale metro and reads as an inner-suburban submarket with steady renter demand and high household incomes. Neighborhood occupancy is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 382 of 1,441) and in the top quartile nationally, which points to resilient leasing and limited downtime for comparable assets, based on CRE market data from WDSuite.
Home values in the neighborhood are elevated (97th percentile nationally) and the value-to-income ratio ranks in the upper tiers, which typically sustains reliance on multifamily rentals and can support pricing power and lease retention. Median contract rents in the neighborhood are also in a high national percentile, while rent-to-income sits near the national middle, suggesting manageable affordability pressure for many renters and a foundation for steady collections.
Within a 3-mile radius, the population has been broadly stable while household counts have increased and are projected to rise further as average household size trends lower. This combination generally widens the tenant base and supports occupancy stability for well-positioned properties. The local tenure mix within 3 miles is roughly split between owner- and renter-occupied housing, indicating a sizable pool of renter households that can backfill turnover.
Amenity density inside the immediate neighborhood skews limited by national comparison (amenities and daily-needs retail rank in lower percentiles), which may concentrate demand around properties with on-site conveniences or strong access to major corridors. Average school ratings in the neighborhood sit below the national median, a consideration for family-oriented leasing strategies. The property’s 1992 construction is older than the neighborhood’s average vintage (2003), which signals potential capital planning needs but also clear value-add and modernization levers relative to newer stock.
Safety indicators compare favorably at the national level, with the neighborhood in the top quartile nationwide for overall crime conditions, according to WDSuite’s CRE market data. Recent trends also point to notable year-over-year declines in both property and violent offenses, reinforcing a directionally improving backdrop.
Within the Los Angeles-Long Beach-Glendale metro, conditions vary by neighborhood; investors should underwrite to submarket norms and property-level controls rather than block-level assumptions, using the national outperformance and improving trend as supportive, but not determinative, context.
The area draws from a diversified employment base anchored by life sciences, insurance, medical devices, telecom, and energy, which supports commuter convenience and broad renter demand.
- Thermo Fisher Scientific — life sciences (1.6 miles)
- Farmers Insurance Exchange — insurance (3.6 miles) — HQ
- Boston Scientific Neuromodulation — medical devices (15.2 miles)
- Charter Communications — telecommunications (15.2 miles)
- Occidental Petroleum — energy (15.4 miles) — HQ
This 80-unit asset, built in 1992 with an average unit size near 1,180 sq. ft., benefits from a tight neighborhood occupancy backdrop that ranks competitive within the metro and top quartile nationally. Elevated neighborhood home values and high median incomes reinforce reliance on rentals, while rent-to-income positioning suggests manageable affordability pressure supportive of retention and collections. Based on commercial real estate analysis supported by WDSuite’s CRE market data, the property’s older vintage relative to nearby stock presents a clear value-add path through targeted renovations and systems modernization.
Within a 3-mile radius, household counts have grown and are projected to expand further as household sizes contract, pointing to a larger pool of renting households even with flat-to-soft population trends. Limited immediate amenity density and below-median neighborhood school ratings are underwriting considerations, but proximity to diverse employment nodes supports leasing fundamentals.
- Tight neighborhood occupancy and national top-quartile positioning support stable leasing
- Elevated home values and high incomes sustain rental demand and pricing power
- 1992 vintage offers value-add potential versus newer neighborhood stock
- 3-mile household growth and smaller household sizes expand the tenant base
- Risks: thinner nearby retail/amenities and below-median neighborhood school ratings warrant conservative underwriting