| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 33rd | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10140 Mountair Ave, Tujunga, CA, 91042, US |
| Region / Metro | Tujunga |
| Year of Construction | 1985 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10140 Mountair Ave Tujunga Multifamily Investment
This 26-unit property built in 1985 sits in a neighborhood with exceptional childcare access and strong NOI performance. According to CRE market data from WDSuite, the area ranks in the top 10% nationally for net operating income per unit.
The Tujunga neighborhood presents a compelling rental market with 77.8% of housing units occupied by renters, ranking in the top 1% nationally among the 1,441 neighborhoods in the Los Angeles metro area. This high renter concentration supports consistent tenant demand for multifamily properties. The area maintains a 93.3% occupancy rate, providing stability for lease management.
Built in 1985, this property aligns with the neighborhood's average construction year of 1974, suggesting consistent building stock that may present value-add renovation opportunities. Demographics within a 3-mile radius show a stable tenant base with 53,550 residents and projected population growth to 56,158 by 2028, supporting long-term rental demand.
The neighborhood offers exceptional childcare density with 11.94 facilities per square mile, ranking 5th among metro neighborhoods and in the 100th national percentile. Parks are abundant at 3.98 per square mile, ranking in the top 5% nationally. However, retail amenities are limited with no cafes or pharmacies per square mile, which tenants may need to access elsewhere.
Median household income within the 3-mile radius reaches $98,542, with projections showing growth to $132,825 by 2028. Current median rent stands at $1,799, with forecasts indicating potential increases to $2,615. The renter share is expected to expand from 36.5% to 48.6% of housing units, suggesting strengthening multifamily demand dynamics.
The neighborhood demonstrates strong safety metrics relative to the broader Los Angeles metro area. Property crime rates rank 193rd out of 1,441 metro neighborhoods, placing it above the median with a significant 82.4% decline in property offenses year-over-year, ranking in the 98th percentile nationally for crime reduction trends.
Violent crime rates are notably low at 3.07 incidents per 100,000 residents, ranking 46th among metro neighborhoods and in the 88th percentile nationally. The area has experienced a 97.7% reduction in violent crime over the past year, ranking in the top 3% nationally for safety improvements. These trends support tenant retention and property appeal.
The property benefits from proximity to major corporate employers, providing workforce housing opportunities for commuting professionals.
- Charter Communications — telecommunications (4.7 miles)
- Disney — entertainment & media (6.9 miles) — HQ
- Avery Dennison — materials & manufacturing (6.9 miles) — HQ
- Radio Disney — media & broadcasting (7.4 miles)
- Live Nation Entertainment — entertainment services (10.9 miles)
This 26-unit property capitalizes on exceptional rental market fundamentals in Tujunga, where 77.8% of housing units are renter-occupied—ranking in the top 1% nationally. The neighborhood's NOI performance ranks in the top 7% nationally at $14,090 per unit, indicating strong cash flow potential. Built in 1985, the property may offer value-add opportunities through strategic renovations while benefiting from a stable tenant base supported by projected population growth of 4.9% through 2028.
Commercial real estate analysis from WDSuite shows the area's occupancy rate of 93.3% provides operational stability, while the 34.8% projected increase in median household income to $132,825 by 2028 supports rent growth potential. The expanding renter population, forecasted to grow from 36.5% to 48.6% of housing units, reinforces long-term multifamily demand in this Los Angeles submarket.
- Top 1% nationally for renter concentration at 77.8% of housing units
- Strong NOI performance ranking in top 7% nationally at $14,090 per unit
- Projected 34.8% household income growth supporting rent expansion
- Stable 93.3% neighborhood occupancy rate
- Risk: Limited retail amenities may affect tenant satisfaction and retention