| 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 | 2011-02-07 |
| Transaction Price | $2,475,000 |
| Buyer | 10140 MOUNTAIR AVE LLC |
| Seller | MOUNTAIR MANOR LLC |
10140 Mountair Ave, Tujunga CA Multifamily Investment
Neighborhood occupancy around 93% supports stable leasing conditions, while elevated ownership costs in Los Angeles County point renters toward professionally managed units, according to WDSuite’s CRE market data.
Positioned in Tujunga within the Los Angeles metro, the area offers day-to-day convenience with strong park and grocery access relative to national peers. Parks density ranks in the top tier nationally and grocery options score well above average, while cafes and pharmacies are thinner locally—an operational consideration for resident services and marketing.
Neighborhood-level occupancy is approximately 93.3%, indicating steady demand and supporting rent collections and renewal strategies compared with more volatile submarkets. Median neighborhood rent levels sit in the upper national range, and 3-mile data show rents trending higher over the last five years with additional growth projected—factors that can support revenue but warrant attention to affordability and renewal pacing.
Within a 3-mile radius, population has grown modestly over the past five years and is projected to increase further, with households expected to expand meaningfully as average household size moderates. For investors, that implies a larger tenant base and potential renter pool expansion over the medium term, which can support occupancy stability and leasing velocity.
Tenure patterns within 3 miles currently lean owner-occupied, but the renter-occupied share is projected to rise notably. That shift, combined with elevated home values for the neighborhood relative to national norms, reinforces reliance on multifamily housing and provides depth to demand for well-managed units.
Amenity profile: the neighborhood’s amenity rank is above the metro median among 1,441 Los Angeles neighborhoods, with parks density in the top quartile nationally and restaurants also testing above national averages. These characteristics can aid leasing appeal even without a heavy café or pharmacy presence.
Relative to the Los Angeles metro, the neighborhood’s crime rank sits near the stronger end (33rd out of 1,441 neighborhoods), placing it among the safer local areas and around the top decile nationally based on WDSuite’s data. Recent year-over-year estimates indicate sharp declines in both violent and property offenses, a constructive signal for resident retention and leasing confidence.
As always, safety conditions can vary by block and over time; investors should corroborate trends with current local sources and property-level history. The directional metrics, however, suggest comparative strength versus many Los Angeles neighborhoods and a favorable backdrop for multifamily operations.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience, including Charter Communications, Disney, Avery Dennison, Radio Disney, and Live Nation Entertainment.
- Charter Communications — telecommunications (4.8 miles)
- Disney — media & entertainment (6.9 miles) — HQ
- Avery Dennison — materials & packaging (7.0 miles) — HQ
- Radio Disney — media (7.5 miles)
- Live Nation Entertainment — live entertainment offices (10.9 miles)
10140 Mountair Ave is a 26-unit asset built in 1985, newer than the neighborhood’s average vintage. The construction year suggests competitive positioning versus older stock while still warranting capital planning for aging systems and selective modernization. Neighborhood occupancy near the low-90s supports revenue stability, and within 3 miles, modest population growth alongside a projected increase in households points to a larger tenant base and potential renter pool expansion. According to CRE market data from WDSuite, area home values are elevated relative to national norms, which tends to sustain multifamily demand and supports lease-up and renewal dynamics for well-managed properties.
At the same time, rent levels in the area are in the upper national range and rent-to-income ratios indicate some affordability pressure. Effective operations will hinge on thoughtful lease management, renewal pricing, and amenity upgrades that justify rent while maintaining retention. Proximity to diversified employers across media, telecommunications, and manufacturing further underpins demand and reduces reliance on any single industry.
- 1985 vintage offers competitive positioning with targeted value-add potential as systems age
- Neighborhood occupancy around 93% supports stable revenues and leasing
- 3-mile demographics point to population growth and a rising renter pool, aiding demand durability
- Elevated ownership costs reinforce reliance on multifamily housing, supporting pricing power
- Risk: higher rent-to-income ratios require disciplined renewal strategy to protect retention