| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 41st | Fair |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9733 Topanga Canyon Blvd, Chatsworth, CA, 91311, US |
| Region / Metro | Chatsworth |
| Year of Construction | 2009 |
| Units | 119 |
| Transaction Date | 2018-02-02 |
| Transaction Price | $45,000,000 |
| Buyer | PMI Cielo LLC |
| Seller | MSP Dell II, LLC |
9733 Topanga Canyon Blvd Chatsworth Multifamily Investment
Newer 2009 construction in a high-cost ownership pocket supports stable renter demand and leasing resilience, according to WDSuite’s CRE market data. Neighborhood occupancy has trended firm while elevated home values point to durable reliance on multifamily housing.
Chatsworth’s neighborhood profile registers as competitive among Los Angeles neighborhoods (B+ rating, rank 421 of 1,441), with amenity access in the top quartile nationally and strong everyday conveniences. Grocery and restaurant availability outpace national norms, and parks and pharmacies are accessible, supporting renter livability without relying on destination retail.
Local rent and occupancy conditions are favorable for investors: neighborhood occupancy sits above the national median and has improved over the past five years, indicating steady absorption and retention. Median contract rents are higher than most areas nationally, which alongside a rent-to-income ratio around mid-20s suggests manageable affordability pressure and scope for disciplined revenue management rather than outsized concessions.
Within a 3-mile radius, demographics signal a resilient renter base: households have grown in recent years and are projected to continue increasing even as average household size trends lower. About 44% of housing units in the 3-mile area are renter-occupied, indicating depth for multifamily demand and a broad tenant pool that supports occupancy stability.
Ownership costs are elevated for the metro, with home values well above national levels; this high-cost ownership market tends to reinforce renter reliance on multifamily, aiding lease retention and pricing power. The subject’s 2009 vintage is newer than the neighborhood’s typical 1970s stock, providing competitive positioning relative to older assets while leaving room for targeted modernization to capture premium rents through selective upgrades.
Safety indicators compare favorably overall versus many Los Angeles neighborhoods, aligning with top quartile performance nationally. Recent data shows notable year-over-year declines in both violent and property offense estimates, a constructive trend for resident retention and leasing stability.
At the metro level (1,441 neighborhoods), the area ranks above the median on composite crime measures, while property-related metrics sit closer to national averages. Investors should treat safety as neighborhood-level context rather than block-specific, but the directional improvement supports a prudent underwriting outlook on turn costs and marketing velocity.
A diversified employment base nearby supports workforce housing demand and commuting convenience, led by life sciences, insurance, healthcare distribution, medical devices, and telecom. The following employers anchor local jobs within practical drive times.
- Thermo Fisher Scientific — life sciences equipment (2.1 miles)
- Farmers Insurance Exchange — insurance (4.3 miles) — HQ
- AmerisourceBergen — pharmaceutical distribution (13.4 miles)
- Boston Scientific Neuromodulation — medical devices (14.5 miles)
- Charter Communications — telecom & cable (15.4 miles)
9733 Topanga Canyon Blvd presents a 119-unit, 2009-vintage asset positioned against older local stock, supporting competitive leasing and moderate near-term capital needs. Neighborhood occupancy is solid and trending up over five years, while home values far exceed national norms—conditions that typically sustain renter demand and enhance pricing power for well-operated properties. Based on CRE market data from WDSuite, NOI per unit performance in the surrounding area ranks in the upper tier nationally, aligning with durable fundamentals.
Within a 3-mile radius, recent gains in households and a renter-occupied share near mid-40% indicate a sizable tenant base. Forward-looking data suggests households may continue to expand even if population edges lower, implying smaller household sizes and ongoing multifamily need. The property’s newer vintage versus neighborhood norms provides a platform for targeted value-add (interiors, common areas, energy systems) to maintain competitive advantage as systems age.
- 2009 construction versus 1970s neighborhood average supports competitive positioning and controlled capex planning
- Firm neighborhood occupancy and high-cost ownership market reinforce renter demand and lease retention
- Strong area-level NOI per unit and amenity access back a stable operating outlook
- Value-add potential through targeted modernization to capture premiums over older comparables
- Watchlist: forecast population drift and affordability pressure require disciplined rent growth and retention strategy