| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 33rd | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10042 Commerce Ave, Tujunga, CA, 91042, US |
| Region / Metro | Tujunga |
| Year of Construction | 1983 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10042 Commerce Ave Tujunga Multifamily Investment
Positioned in Los Angeles County with stable neighborhood occupancy and a deep renter base, this asset offers durable demand supported by a high-cost ownership market, according to WDSuite’s CRE market data.
The property sits within an Urban Core neighborhood of the Los Angeles-Long Beach-Glendale, CA metro that trends around the metro median on overall rating (B-), with neighborhood occupancy registering modestly above the national median. Renter-occupied share in the immediate neighborhood is among the highest locally, indicating a broad tenant base and potential leasing depth for smaller-format units.
Local amenities skew toward everyday needs: park access is strong (near the top nationally) and grocery availability is robust, while cafe and pharmacy density is comparatively light. For investors, this mix points to functional livability and outdoor access that can aid retention, even if lifestyle retail is less concentrated.
Neighborhood housing stock skews older than the subject’s 1983 vintage (area average 1974). Being newer than much of the nearby inventory can enhance competitive positioning; however, systems from the 1980s may still warrant targeted capital planning for modernization and value-add. Median home values are elevated relative to national norms, which typically sustains renter reliance on multifamily housing and can support pricing power when managed alongside rent-to-income considerations.
Within a 3-mile radius, demographics show recent population stability with an uptick in families and forecasts pointing to more households ahead. This implies a larger renter pool over time and supports occupancy stability; investors should note that projections also suggest a rising share of renter households, an important demand driver highlighted through commercial real estate analysis from WDSuite.
Income performance among nearby assets is strong by national comparison, with neighborhood NOI per unit outpacing most U.S. areas, based on WDSuite’s data. That backdrop, combined with high neighborhood renter concentration, supports a constructive leasing outlook for well-maintained, efficiently sized units.
Safety indicators compare favorably at the national level, landing in the higher percentiles nationwide. Recent data also shows notable year-over-year declines in both violent and property offense estimates, suggesting improving conditions relative to prior periods.
Investors should frame these readings comparatively: performance trends as safer than many neighborhoods across the U.S., while conditions can still vary by block and over time within the Los Angeles metro. Routine risk management practices (lighting, access control, and resident engagement) remain prudent to preserve leasing stability.
Proximity to major corporate employers supports renter demand via commute convenience, notably across media, entertainment, and corporate services. The employers below represent significant nearby job centers likely to reinforce weekday traffic and leasing stability.
- Charter Communications — corporate offices (4.8 miles)
- Avery Dennison — corporate offices (6.8 miles) — HQ
- Disney — corporate offices (6.9 miles) — HQ
- Radio Disney — corporate offices (7.4 miles)
- Live Nation Entertainment — corporate offices (10.8 miles)
This 32-unit asset (built 1983) benefits from a neighborhood with high renter concentration, nationally strong NOI per-unit performance, and an ownership market where elevated home values reinforce multifamily demand. Being newer than much of the surrounding stock can provide a competitive edge, while selective renovations may unlock value and support rent positioning aligned with local incomes.
Within a 3-mile radius, stable population with projected household growth points to renter pool expansion and supports occupancy stability. According to CRE market data from WDSuite, neighborhood occupancy trends are modestly above national norms, which, paired with proximity to large employment nodes, underpins a steady leasing thesis. Key watch items include affordability pressure management and maintaining appeal through ongoing capital planning.
- High neighborhood renter concentration signals depth of tenant demand
- Newer-than-area-average 1983 vintage supports competitive positioning with value-add potential
- Elevated home values locally reinforce reliance on rentals and aid pricing power
- Proximity to major employers supports leasing stability across economic cycles
- Risk: affordability pressure and lighter lifestyle retail require attentive lease and asset management