| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 50th | Fair |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17211 Chatsworth St, Granada Hills, CA, 91344, US |
| Region / Metro | Granada Hills |
| Year of Construction | 1987 |
| Units | 32 |
| Transaction Date | 2018-07-12 |
| Transaction Price | $8,800,000 |
| Buyer | CHATSWORTH VILLAS LLC |
| Seller | DAWSON GUILLERMINA |
17211 Chatsworth St, Granada Hills CA Multifamily Investment
Strong neighborhood occupancy and a high-cost ownership landscape point to durable renter demand, according to WDSuite’s CRE market data.
Granada Hills’ Urban Core setting offers a balanced mix of convenience and stability for multifamily. Neighborhood occupancy is elevated (top quartile nationally) and competitive among Los Angeles-Long Beach-Glendale neighborhoods, supporting lease-up confidence and lower downtime risk. Renter-occupied housing accounts for a meaningful share of units at the neighborhood level, indicating a reliable tenant base without overdependence on transient demand.
Daily needs are well-served: restaurants and cafes perform in high national percentiles, with grocery and pharmacy access also strong, which helps retention. Park and formal childcare access are thinner within the neighborhood footprint, so properties that deliver on-site recreation or family-friendly conveniences can differentiate. Average school ratings in the neighborhood trail national norms, a consideration for family-focused leasing strategies.
Within a 3-mile radius, households have edged higher while average household size has trended smaller, expanding the pool of potential renters and supporting occupancy stability. Median household incomes have risen meaningfully, and neighborhood rent-to-income remains manageable, which can sustain pricing power without elevating near-term retention risk.
The asset’s 1987 vintage is newer than the neighborhood’s older housing stock. That positioning supports competitive curb appeal and operations versus 1970s-era properties, while prudent capital planning for systems modernization and selective updates can unlock value-add upside.
Safety signals are mixed in comparative context. Nationally, the neighborhood benchmarks in the stronger range (top quartile), indicating comparatively favorable conditions versus many U.S. neighborhoods. Within the Los Angeles-Long Beach-Glendale metro, the neighborhood’s crime rank is 113 out of 1,441, suggesting higher reported crime relative to much of the metro, so property-level security and unit-hardening measures remain relevant to leasing and retention.
Recent trend indicators show notable year-over-year improvement across both property and violent offense estimates, which, if sustained, can support renter confidence and operational stability. Investors should underwrite with property-specific measures and daylight hours activity patterns in mind rather than block-level assumptions.
Proximity to diversified employers underpins renter demand and commute convenience, led by life sciences, insurance, telecommunications, and media/entertainment. The employers below represent nearby drivers of steady professional and support-staff housing needs.
- Thermo Fisher Scientific — life sciences (7.3 miles)
- Farmers Insurance Exchange — insurance (7.7 miles) — HQ
- Charter Communications — telecommunications (10.5 miles)
- Radio Disney — media (12.3 miles)
- Disney — entertainment (12.9 miles) — HQ
This 32-unit, 1987-vintage property in Granada Hills benefits from elevated neighborhood occupancy and a high-cost ownership market that reinforces reliance on rentals. Based on CRE market data from WDSuite, the neighborhood sits in the top quartile nationally for occupancy with competitive standing in the Los Angeles-Long Beach-Glendale metro, aligning with stable collections and lower turnover risk. Strong amenity access for daily needs (food, grocery, pharmacy) supports retention, while thinner park/childcare access and below-average school ratings are considerations for family-oriented leasing.
Within a 3-mile radius, households are increasing and average household size is contracting, effectively broadening the tenant base. Rising incomes alongside manageable rent-to-income levels support ongoing rent growth potential without materially raising near-term affordability pressure. The asset’s newer vintage versus neighborhood averages provides a competitive edge versus older stock; targeted modernization offers value-add upside and future-proofing.
- Elevated neighborhood occupancy supports stable leasing and reduced downtime risk.
- High-cost ownership market sustains renter reliance, bolstering demand depth and retention.
- 1987 vintage outcompetes older local stock; selective upgrades can capture renovation upside.
- Growing household counts and smaller household sizes expand the tenant pool within 3 miles.
- Risks: below-average school ratings, limited parks/childcare access, and metro-relative safety signals warrant prudent underwriting and property-level measures.