| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 41st | Fair |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9825 Topanga Canyon Blvd, Chatsworth, CA, 91311, US |
| Region / Metro | Chatsworth |
| Year of Construction | 2004 |
| Units | 31 |
| Transaction Date | 2002-06-12 |
| Transaction Price | $450,000 |
| Buyer | NELSON BRYAN |
| Seller | RYKER JOSEPH |
9825 Topanga Canyon Blvd Chatsworth Multifamily Investment
Neighborhood occupancy trends point to stable renter demand in Los Angeles’ northwest Valley, and elevated ownership costs tilt households toward rentals; according to WDSuite’s CRE market data, this area has shown above-median stability relative to the metro.
Chatsworth offers a suburban setting with access to daily needs and services, supported by amenity depth that lands in the upper tiers nationally. Neighborhood occupancy is competitive versus U.S. peers (top quartile nationally), signaling steady tenant retention and leasing velocity at the neighborhood level, not the property. Average neighborhood NOI per unit benchmarks also sit in the top decile nationally, indicating historically strong operating fundamentals among nearby rental assets, based on CRE market data from WDSuite.
The property’s 2004 vintage is newer than the neighborhood’s average construction year (1979), which generally supports competitive positioning versus older stock. Investors should still plan for mid-life system updates or light modernization to sustain rent attainment and limit downtime.
Within a 3-mile radius, the renter-occupied share is substantial, providing a broad tenant base and underpinning demand for professionally managed multifamily. Recent population growth has been positive, and households have increased, expanding the local renter pool. Looking forward, households are projected to continue rising even if population trends stay roughly flat, implying smaller household sizes and continued demand for rental units rather than a reliance on in-migration.
Home values in the neighborhood are elevated compared with national norms, which characterizes the area as a high-cost ownership market. That backdrop typically sustains reliance on multifamily housing and supports lease retention and pricing power, though operators should calibrate renewals and amenity spend to maintain affordability balance and reduce turnover risk.
Local amenities—grocers, pharmacies, parks, restaurants, and cafes—rank above national medians, supporting livability and day-to-day convenience. School rating data is limited at the neighborhood level; investors may wish to underwrite conservatively on family-demand sensitivity and focus on unit mix, finishes, and parking ratios to capture the prevailing renter demographic.
Neighborhood safety indicators compare favorably to many U.S. neighborhoods (upper-tier national percentiles), with both violent and property offenses estimated lower than typical national levels. Year-over-year, estimated incident rates show notable improvement, which aligns with broader stabilization seen in several Los Angeles suburban neighborhoods according to WDSuite.
As with any infill Los Angeles location, conditions can vary by corridor and time of day. Investors should corroborate trends through on-site observations and recent comps, using the neighborhood’s positive national standing as a directional guide rather than a block-level guarantee.
The surrounding employment base includes life sciences, insurance, pharmaceutical distribution, and medical device employers, supporting a diverse tenant pool and commute convenience for workforce renters.
- Thermo Fisher Scientific — life sciences (2.3 miles)
- Farmers Insurance Exchange — insurance (4.4 miles) — HQ
- AmerisourceBergen — pharmaceutical distribution (13.2 miles)
- Boston Scientific Neuromodulation — medical devices (14.3 miles)
- Charter Communications — telecommunications (15.4 miles)
This 31-unit, 2004-built asset in Chatsworth benefits from neighborhood fundamentals that trend above national medians for occupancy and operating performance. Elevated ownership costs in the surrounding area reinforce renter reliance on multifamily housing, while a sizeable renter-occupied base within a 3-mile radius supports demand depth and lease-up resilience. According to CRE market data from WDSuite, nearby rental benchmarks are competitive nationally, suggesting room to defend occupancy with disciplined pricing and targeted upgrades.
The vintage is newer than the area’s average building stock, providing relative competitiveness versus older properties and potential to capture premiums with selective capital programs. Forward-looking demographics indicate households continue to expand even as population growth moderates, implying a larger tenant base formed by smaller household sizes—supportive of stable absorption and renewals if operators manage affordability and value perception.
- Newer 2004 construction versus neighborhood average, reducing near-term capex and boosting competitive standing.
- Neighborhood occupancy and NOI benchmarks in upper national tiers, supporting income stability at the submarket level.
- High-cost ownership market sustains renter demand and reinforces lease retention potential.
- Household growth within a 3-mile radius expands the tenant pool even as household sizes trend smaller.
- Risk: Population growth may be muted; performance depends on income trends and execution on unit positioning and renewals.