| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 50th | Fair |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17071 Chatsworth St, Granada Hills, CA, 91344, US |
| Region / Metro | Granada Hills |
| Year of Construction | 1975 |
| Units | 22 |
| Transaction Date | 2019-11-15 |
| Transaction Price | $4,700,000 |
| Buyer | VARGAS SAUL H |
| Seller | HOGLUND STEVEN S |
17071 Chatsworth St Granada Hills Multifamily Investment
This 22-unit property built in 1975 sits in a neighborhood with 98.7% occupancy rates and strong rental demand fundamentals. Commercial real estate analysis from WDSuite indicates the area ranks in the top quartile nationally for crime safety metrics.
Granada Hills presents a mature residential market with established rental dynamics. The neighborhood ranks 521st among 1,441 metro neighborhoods with a B+ overall rating, positioning it above the metro median. Median household income of $112,841 supports rental affordability, while the 37.9% share of renter-occupied housing units indicates solid multifamily demand within the broader ownership-oriented market.
Built in 1975, this property aligns with the neighborhood's average construction year of 1970, suggesting consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements. Neighborhood-level occupancy of 98.7% ranks in the 93rd percentile nationally, demonstrating exceptional rental market stability that supports reliable cash flow and tenant retention.
Demographics within a 3-mile radius show 128,910 residents with stable household formation trends. The area benefits from strong amenity density, ranking in the 88th percentile nationally for grocery stores and 94th percentile for restaurants per square mile. However, childcare availability ranks at the bottom nationally, which may limit appeal to families with young children. Median contract rents of $2,422 reflect the premium nature of the Los Angeles market while maintaining reasonable affordability ratios for the income base.
Looking ahead, demographic projections indicate household growth of 34.3% through 2028, expanding the potential renter pool significantly. Forecast median household income is expected to reach $144,241, supporting rent growth potential. The combination of high current occupancy rates and projected household expansion suggests sustained rental demand for well-positioned multifamily properties.
The neighborhood demonstrates strong safety metrics compared to both metro and national benchmarks. Crime rankings place this area at 113th among 1,441 Los Angeles metro neighborhoods, positioning it in the top quartile locally. More significantly, the neighborhood achieves the 85th percentile nationally for overall crime performance, indicating substantially lower crime rates than most comparable urban areas across the country.
Recent crime trends show notable improvement, with property offense rates declining 80.1% over the past year and violent offense rates falling 98.1% during the same period. These reductions rank in the 98th and 100th percentiles nationally respectively, reflecting either improved reporting methodologies or genuine safety improvements that can support tenant retention and property values.
Major corporate employers within commuting distance provide workforce housing demand, anchored by life sciences, entertainment, and financial services companies. The employment base includes several Fortune 500 headquarters that support professional renter demographics.
- Thermo Fisher Scientific — life sciences & laboratory services (7.6 miles)
- Farmers Insurance Exchange — insurance services (7.8 miles) — HQ
- Charter Communications — telecommunications & media (10.2 miles)
- Disney — entertainment & media (12.7 miles) — HQ
- Live Nation Entertainment — entertainment & events (14.5 miles) — HQ
This Granada Hills property offers investors exposure to a stabilized rental market with exceptional occupancy fundamentals and demographic growth tailwinds. Neighborhood-level occupancy of 98.7% ranks in the 93rd percentile nationally, indicating strong tenant demand and minimal vacancy risk. The 1975 construction year presents potential value-add opportunities through strategic renovations while benefiting from the area's established residential character.
CRE market data from WDSuite shows projected household growth of 34.3% through 2028 within the 3-mile radius, expanding the renter pool significantly while forecast median household income is expected to increase 29.6% to $144,241. These demographic shifts, combined with the neighborhood's top-quartile safety ranking among 1,441 metro areas, support both rental demand stability and potential for measured rent growth aligned with income expansion.
- Exceptional occupancy stability at 98.7% neighborhood level, ranking 93rd percentile nationally
- Strong demographic growth with 34.3% projected household increase through 2028
- Value-add renovation potential with 1975 vintage in established neighborhood
- Top-quartile safety metrics and proximity to major corporate employers
- Risk consideration: Limited childcare amenities may constrain family tenant appeal