| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 33rd | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10051 Pinewood Ave, Tujunga, CA, 91042, US |
| Region / Metro | Tujunga |
| Year of Construction | 1988 |
| Units | 27 |
| Transaction Date | 2000-05-08 |
| Transaction Price | $1,350,000 |
| Buyer | PINEWOOD LLC |
| Seller | DYNASTY COACHWORKS INTERNATIONAL |
10051 Pinewood Ave Tujunga Multifamily Investment
Neighborhood occupancy is steady and renter demand is deep, according to WDSuite's CRE market data, supporting a durable income profile in a high-cost ownership pocket of Los Angeles County.
Located in Tujunga within the Los Angeles-Long Beach-Glendale metro, the surrounding neighborhood carries a B- rating and is positioned around the metro median (rank 759 of 1,441 neighborhoods). Rents benchmark on the higher side nationally, while the neighborhood's average NOI per unit trends in the top quartile nationwide, per WDSuite's commercial real estate analysis at the neighborhood level. These are neighborhood metrics, not property performance.
Livability advantages are led by access to parks and daily needs: park density sits in the top national quartile (98th percentile) and grocery coverage is strong (93rd percentile). Restaurant density is also competitive (87th percentile), though cafes and pharmacies are relatively sparse locally. School rating data is not available in this release, so investors may wish to underwrite education quality with local checks.
The neighborhood's share of renter-occupied housing units is high (about 78%), indicating a deep tenant pool for multifamily assets and reducing lease-up risk relative to more owner-heavy pockets. Reported occupancy across neighborhood multifamily stock is around 93%, which supports assumptions for leasing stability, though individual asset performance can vary by vintage and management.
Vintage context matters: the area's average construction year is 1974. With this property built in 1988, it is newer than the neighborhood norm, which can aid competitive positioning versus older product; investors should still plan for modernization of aging systems where it improves retention or supports rent trade-outs.
Safety indicators show mixed context. Nationally, the neighborhood sits in a higher safety tier (high national percentiles), while within the Los Angeles metro it ranks 33 out of 1,441 neighborhoods on crime, indicating more incidents relative to many local peers. According to WDSuite's CRE market data, both violent and property offense estimates posted sharp one-year declines, which investors may weigh alongside longer-term trends.
Underwriting takeaway: consider standard urban security measures and review multi-year data to calibrate loss assumptions, rather than relying on a single-year snapshot.
Proximity to telecom, materials/labels, and entertainment employers supports a diverse renter base and commute convenience that can aid leasing and retention.
- Charter Communications - telecom (4.9 miles)
- Avery Dennison - materials/labels (6.7 miles) - HQ
- Disney - entertainment (6.9 miles) - HQ
- Radio Disney - broadcast media (7.5 miles)
- Live Nation Entertainment - live entertainment (10.9 miles)
10051 Pinewood Ave is a 27-unit 1988-vintage asset in a renter-heavy Los Angeles neighborhood. Neighborhood-level occupancy around 93% and a high share of renter-occupied housing units point to depth of demand and generally resilient leasing fundamentals. The area functions as a high-cost ownership market (home values trend high nationally), which tends to sustain reliance on multifamily housing and can support pricing power when units are well maintained. According to CRE market data from WDSuite, neighborhood NOI per unit trends in the top national quartile, aligning with an investor thesis centered on stable cash flow rather than speculative lease-up.
Within a 3-mile radius, population has edged up and is projected to grow further over the next five years, with households projected to increase materially, expanding the potential renter pool. At the same time, rent-to-income ratios signal affordability pressure in parts of the metro, so retention planning and renewal management remain important. Being newer than the local average vintage (1974), the 1988 construction provides relative competitiveness versus older stock; targeted system upgrades and common-area refreshes may unlock value-add potential while managing capex.
- High neighborhood renter concentration supports leasing depth
- Occupancy near mid-90s at the neighborhood level underpins income stability
- 1988 vintage is newer than area average, with selective value-add upside
- Strong nearby employer base aids demand and retention
- Risks: metro crime variability and renter affordability pressure require active lease management