| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 62nd | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10625 Petit Ave, Granada Hills, CA, 91344, US |
| Region / Metro | Granada Hills |
| Year of Construction | 1973 |
| Units | 57 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10625 Petit Ave, Granada Hills Multifamily Investment
Neighborhood occupancy is strong and amenities are dense, pointing to durable renter demand in Granada Hills, according to WDSuite’s CRE market data. These indicators at the neighborhood level suggest stable leasing conditions for a well-positioned asset.
Granada Hills scores well on livability for renters and families, with dense retail, grocers, parks, and pharmacies that support day-to-day convenience. The neighborhood ranks 70th of 1,441 in the Los Angeles metro for housing and sits in the top quartile nationally for amenities and schools, helping underpin leasing stability relative to many peer submarkets.
At the neighborhood level, occupancy is high and competitive, ranking 120th of 1,441 (top quartile nationally). Within a 3-mile radius, the renter-occupied share is about 37%, indicating a mixed tenure area with a sizable but not dominant renter base — a profile that can support steady demand for quality multifamily product while limiting excessive turnover.
Home values in the neighborhood rank in the top national percentiles, and the value-to-income ratio is also high relative to most U.S. neighborhoods. In practical terms, this high-cost ownership market tends to reinforce reliance on rental housing, supporting pricing power and lease retention for competitive assets. Median rent-to-income is moderate at the neighborhood level, which can help manage affordability pressure and sustain renewal rates from qualified tenants.
The property’s 1973 vintage is slightly older than the neighborhood’s average construction year (1978). For investors, that points to straightforward value-add potential through targeted unit and systems upgrades to enhance competitive positioning against newer stock, with capital plans calibrated to local rent ceilings and renter preferences. Demographic statistics within a 3-mile radius show households increasing even as overall population trends edge down and average household size declines, which suggests more, smaller households entering the renter pool — a tailwind for multifamily demand.
Relative to the Los Angeles metro, the neighborhood’s crime ranking is favorable at 80th of 1,441, placing it among the stronger cohorts locally and in a high national safety percentile. Recent trends also indicate declining incident rates, with notable year-over-year improvement in both property and violent offense estimates. While no area is without risk, the comparative standing and direction of change are supportive of renter retention and leasing.
Proximity to corporate employers supports a steady commuter tenant base and can aid retention through convenient access to regional job centers. Nearby anchors include life sciences, insurance, media, and telecom offices noted below.
- Thermo Fisher Scientific — life sciences (7.9 miles)
- Farmers Insurance Exchange — insurance (8.1 miles) — HQ
- Charter Communications — telecom (9.9 miles)
- Radio Disney — media (11.8 miles)
- Disney — entertainment (12.4 miles) — HQ
10625 Petit Ave offers a 57-unit, 1973-vintage footprint in a neighborhood with high occupancy, strong amenity density, and top-quartile school ratings. Based on CRE market data from WDSuite, the neighborhood’s occupancy ranks near the top of Los Angeles-area neighborhoods, while elevated home values and a high value-to-income environment tend to sustain rental demand and support pricing power for upgrades that deliver clear unit-level improvements.
Within a 3-mile radius, households are rising even as population edges down and average household size declines, indicating more, smaller households — a setup that can expand the renter pool over time. Given the asset’s slightly older vintage versus local stock, a focused value-add and systems modernization plan can enhance competitiveness while aligning with neighborhood rent-to-income dynamics and retention objectives.
- High neighborhood occupancy and strong amenity access support stable leasing
- 1973 vintage presents actionable value-add and systems upgrade potential
- Elevated ownership costs in the area reinforce multifamily demand and pricing power
- Household growth with smaller sizes points to a broader renter pool
- Risks: aging asset capex needs and modest population softening require underwriting discipline