| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 33rd | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10059 Pinewood Ave, Tujunga, CA, 91042, US |
| Region / Metro | Tujunga |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | 1995-01-06 |
| Transaction Price | $504,630 |
| Buyer | 1994 S2 PROPERTIES LTD PARTNERSHIP |
| Seller | TOMAS SUSAN |
10059 Pinewood Ave Tujunga Multifamily Investment Opportunity
Neighborhood-level occupancy remains steady with a deep renter base, according to WDSuite’s CRE market data, positioning this asset for demand resilience relative to broader Los Angeles trends.
Situated in Tujunga within the Los Angeles-Long Beach-Glendale metro, the neighborhood shows competitive amenity access for daily needs, ranking competitive among Los Angeles-Long Beach-Glendale neighborhoods (507 out of 1,441) with strong park and grocery density but fewer cafes and pharmacies. For investors, that combination supports day-to-day livability while signaling room for targeted retail growth that can enhance long-term renter appeal.
Occupancy is measured for the neighborhood at 93.3% and renter-occupied share is high, with the neighborhood’s renter concentration in the 99th percentile nationally; together, these dynamics indicate a broad tenant base and support for leasing stability. Median contract rents at the neighborhood level skew higher than many U.S. areas, so pricing power may be viable, but operators should calibrate to local incomes to protect retention.
Within a 3-mile radius, demographics reflect a modest recent population increase and forecasts calling for further population growth and a notable increase in households by 2028, pointing to a larger tenant base over time. This projected renter pool expansion supports absorption and reduces lease-up risk for well-positioned units, based on commercial real estate analysis from WDSuite.
Home values in the neighborhood are elevated versus national norms and value-to-income ratios rank near the top nationally, signaling a high-cost ownership market. For multifamily, that context typically sustains rental reliance and can aid lease retention, provided rent-to-income management remains disciplined.
Relative to the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), the area ranks near the top on safety (crime rank 33 of 1,441), and it sits in the upper tier nationally by safety percentile. Recent year-over-year trends indicate notable declines in both violent and property offense rates at the neighborhood level, reinforcing perception of stability without making block-level claims.
Investors should view safety as a supportive factor for tenant retention and leasing velocity, while continuing standard risk controls and monitoring metro-wide trends over time.
Proximity to regional employers in telecom and media strengthens the local renter base by shortening commutes and supporting lease stability. Nearby anchors include Charter Communications, Avery Dennison, Disney, Radio Disney, and Live Nation Entertainment.
- Charter Communications — telecom (4.9 miles)
- Avery Dennison — packaging & labels (6.7 miles) — HQ
- Disney — entertainment (6.9 miles) — HQ
- Radio Disney — media (7.5 miles)
- Live Nation Entertainment — live entertainment (10.9 miles)
This asset’s investment case is anchored by neighborhood-level occupancy stability and a high renter concentration, which together suggest depth in the tenant base and support for steady leasing. Elevated ownership costs in the area reinforce renter reliance, while neighborhood NOI-per-unit performance sits in a strong national tier, corroborating operating potential for well-managed assets.
Within a 3-mile radius, forecasts indicate population growth and a pronounced increase in households by 2028, pointing to renter pool expansion that can aid absorption and retention. Operators should balance potential pricing power with rent-to-income considerations to sustain performance, according to multifamily property research from WDSuite.
- Neighborhood-level occupancy and high renter concentration support leasing stability
- 3-mile forecasts show household growth, expanding the future tenant base
- Elevated ownership costs sustain rental demand and can bolster pricing power
- Risk: rent-to-income pressure and limited cafe/pharmacy access may affect retention