| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 51st | Fair |
| Amenities | 13th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10085 Tujunga Canyon Blvd, Tujunga, CA, 91042, US |
| Region / Metro | Tujunga |
| Year of Construction | 1988 |
| Units | 22 |
| Transaction Date | 2009-06-30 |
| Transaction Price | $2,640,000 |
| Buyer | KROOP LLC |
| Seller | OBS HOLDINGS LLC |
10085 Tujunga Canyon Blvd Tujunga Multifamily Opportunity
Neighborhood occupancy trends sit above the metro median and a roughly half renter-occupied housing mix signals durable tenant depth, according to CRE market data from WDSuite. Elevated ownership costs in Los Angeles County further support sustained rental demand at this Tujunga address.
Situated in Tujunga within the Los Angeles-Long Beach-Glendale metro, the property benefits from neighborhood occupancy that ranks above the metro median among 1,441 neighborhoods, supporting income stability for multifamily. Renter-occupied housing accounts for roughly half of units in the neighborhood, indicating a broad tenant base that can underpin leasing and renewals.
Livability is anchored by practical retail access rather than destination amenities: grocery availability is competitive versus national benchmarks, while cafes, parks, and pharmacies are relatively sparse within the immediate neighborhood. Average school ratings trail national medians, which is a consideration for family-oriented leasing strategies.
Within a 3-mile radius, demographics point to a stable population today with projections for growth in both households and family counts, suggesting a larger tenant base over the next five years. Income profiles skew toward middle-to-upper brackets locally, and neighborhood rent-to-income ratios indicate manageable affordability pressure—factors that can support retention and pricing discipline when paired with measured renewal strategies.
Home values rank in the high-cost tier nationally, which tends to reinforce renter reliance on multifamily housing and can support occupancy stability. The subject’s 1988 vintage is newer than the area’s average construction year (1970), offering competitive positioning versus older stock while still warranting capital planning for system modernizations and contemporary finishes to capture renter preferences.
Safety indicators are mixed in a way investors should contextualize. Nationally, the neighborhood falls in a stronger cohort (around the top quintile for safety compared with neighborhoods nationwide), yet within the Los Angeles metro it ranks 242 out of 1,441 neighborhoods—a position that indicates relatively higher crime compared to many local peers.
Trend data is constructive: both property and violent offense rates have shown notable year-over-year declines, according to WDSuite s CRE market data. As always, underwriting should focus on property-level measures, corridor-level trends, and management practices rather than block-level conclusions.
The employment base nearby spans telecommunications and media to branded manufacturing, providing diverse white-collar demand drivers and commute convenience for renters. Key employers within a commutable radius include Charter Communications, Avery Dennison, Disney, Radio Disney, and Live Nation Entertainment.
- Charter Communications telecommunications (4.9 miles)
- Avery Dennison materials & packaging (6.6 miles) HQ
- Disney media & entertainment (6.8 miles) HQ
- Radio Disney media (7.4 miles)
- Live Nation Entertainment entertainment corporate offices (10.8 miles)
This 22-unit, 1988-vintage asset in Tujunga aligns with durable neighborhood fundamentals: above-median metro occupancy, a sizeable renter-occupied housing base, and high-cost homeownership dynamics that support continued renter demand. Based on CRE market data from WDSuite, rent-to-income dynamics are manageable at the neighborhood level, reinforcing retention potential alongside a tenant base that is projected to expand within a 3-mile radius.
Relative to older Los Angeles stock, the property s vintage provides competitive positioning, with value-add potential through targeted renovations and system upgrades to meet contemporary standards. Limited nearby lifestyle amenities and below-average school ratings should be factored into leasing strategy and merchandising, while improving safety trends and diversified nearby employers support stable occupancy over the hold period.
- Above-median metro occupancy and sizable renter concentration support income stability
- High-cost ownership market reinforces reliance on rentals and aids retention
- 1988 vintage offers value-add and modernization upside versus older local stock
- Nearby employers across media and telecom provide diversified renter demand
- Risks: limited neighborhood amenities, weaker school ratings, and within-metro safety positioning