| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 57th | Good |
| Amenities | 48th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9955 De Soto Ave, Chatsworth, CA, 91311, US |
| Region / Metro | Chatsworth |
| Year of Construction | 1976 |
| Units | 32 |
| Transaction Date | 2002-10-07 |
| Transaction Price | $149,000 |
| Buyer | GILBERT VERNE E |
| Seller | SCOTT RAPHAEL W |
9955 De Soto Ave, Chatsworth Multifamily Opportunity
Neighborhood occupancy is strong and renter demand is supported by a high-cost ownership market, according to WDSuite’s CRE market data. Investors should view this as a stable, infill location within Los Angeles County with sustained leasing potential at the neighborhood level.
Positioned in Chatsworth’s Urban Core, the property benefits from neighborhood fundamentals that support multifamily performance. Neighborhood occupancy is in the upper tier nationally, which signals sustained leasing at the neighborhood level rather than the property specifically. Renter-occupied housing represents a large share of neighborhood units (top percentile nationally), pointing to a deep tenant base and demand resilience for professionally managed apartments.
Daily needs are well covered: grocery and pharmacy access rank in the top decile nationally, and restaurant density is also strong. By contrast, parks and cafes are limited locally, so residents typically rely on nearby submarkets for some leisure amenities. For families, average school ratings trend below the national median, which investors should consider when assessing unit mix and marketing.
Pricing dynamics appear constructive for retention. Neighborhood contract rents sit in a higher national percentile, yet the rent-to-income ratio is comparatively moderate, suggesting manageable affordability pressure that can support lease stability. Elevated home values relative to incomes indicate a high-cost ownership market, which tends to reinforce reliance on rental housing and supports occupancy durability.
Within a 3-mile radius, recent data show modest population growth alongside an increase in households, expanding the local renter pool. Forward-looking estimates indicate households may continue to rise while average household size trends lower, which typically adds depth to demand for smaller formats and supports occupancy at stabilized assets.
Neighborhood safety metrics compare favorably in a national context. Overall crime levels place the area in the top quartile nationally, making it competitive among Los Angeles neighborhoods. Property and violent offense trends have also improved year over year, with reductions that rank among the stronger national improvements, according to WDSuite’s datasets.
As with any urban Los Angeles location, conditions can vary by block and over time. Investors should incorporate standard on-the-ground diligence and compare submarket patterns to broader metro trends before underwriting.
The surrounding employment base blends life sciences, insurance, distribution, and communications roles—supporting workforce housing demand and commute convenience for renters. Nearby anchors include Thermo Fisher Scientific, Farmers Insurance Exchange, AmerisourceBergen, Boston Scientific Neuromodulation, and Charter Communications.
- Thermo Fisher Scientific — life sciences (3.0 miles)
- Farmers Insurance Exchange — insurance services (4.6 miles) — HQ
- AmerisourceBergen — pharmaceutical distribution (12.9 miles)
- Boston Scientific Neuromodulation — medical devices (14.1 miles)
- Charter Communications — communications (14.4 miles)
Built in 1976 with 32 units averaging roughly 822 square feet, the asset skews slightly older than the neighborhood’s average vintage, creating a practical path for value-add upgrades and capital planning to sharpen competitive positioning against newer stock. Neighborhood fundamentals are constructive: renter concentration is high, occupancy is above metro medians in national terms, and ownership costs are elevated—factors that typically support stable tenant demand and pricing power at the neighborhood level.
Within a 3-mile radius, households have grown and are projected to increase further even as average household size trends smaller—dynamics that can expand the renter pool and support steady leasing. According to CRE market data from WDSuite, neighborhood rents sit in higher national percentiles while rent-to-income remains comparatively moderate, which can aid retention management. Key risks include lower average school ratings and limited nearby parks/cafes, which may influence family-oriented demand and amenity-driven positioning.
- 1976 vintage suggests value-add and systems modernization potential
- High renter-occupied share and strong neighborhood occupancy support leasing stability
- Elevated home values reinforce reliance on rentals, aiding pricing power
- 3-mile household growth and smaller household sizes expand the renter pool
- Risks: below-median school ratings and fewer parks/cafes may temper family demand