| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 33rd | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10210 Mountair Ave, Tujunga, CA, 91042, US |
| Region / Metro | Tujunga |
| Year of Construction | 1985 |
| Units | 27 |
| Transaction Date | 1997-11-18 |
| Transaction Price | $650,000 |
| Buyer | MOUNTAIN GENERAL PARTNERSHIP |
| Seller | PARIKH BHUPESH |
10210 Mountair Ave, Tujunga CA Multifamily Investment
Neighborhood fundamentals point to stable renter demand and healthy occupancy for this 27-unit asset, according to WDSuite’s CRE market data. A relatively newer 1985 vintage in a high-cost ownership market positions the property for competitive leasing with thoughtful modernization.
Positioned in the Los Angeles-Long Beach-Glendale metro, the neighborhood rates B- and sits competitive among Los Angeles neighborhoods (759 out of 1,441). Amenity access skews toward daily needs and outdoor space: groceries and parks index strong by national comparison (both above the 90th percentile), while cafes and pharmacies are thinner locally. For investors, this blend supports day-to-day livability and retention while leaving room for future retail infill.
The area s housing metrics are constructive for multifamily. Neighborhood occupancy is 93.3% (measured for the neighborhood, not the property), and renter-occupied share is high at 77.8%, indicating a deep tenant base and consistent leasing velocity. Median contract rents in the neighborhood trend in the upper national tiers, suggesting pricing power for well-positioned units; however, a higher rent-to-income ratio signals some affordability pressure, which calls for attentive lease management and renewal strategies.
Construction patterns skew older locally (average year 1974). With a 1985 build, the subject property is newer than much of the surrounding stock, which supports competitive positioning against older assets. That said, systems from this era may benefit from targeted upgrades to sustain rent premiums and reduce long-term capital risk.
Within a 3-mile radius, demographics show recent population growth alongside rising incomes, with projections pointing to additional population and household gains by 2028. This trajectory implies a gradually expanding renter pool and supports occupancy stability over a multi-year hold, based on CRE market data from WDSuite.
Home values rank high nationally and value-to-income ratios sit in the upper percentiles, characterizing a high-cost ownership market. For multifamily investors, elevated ownership costs typically reinforce reliance on rental housing, aiding tenant retention and sustaining demand for well-maintained units.
Safety indicators compare favorably. The neighborhood ranks near the top of 1,441 Los Angeles metro neighborhoods and sits in the top decile nationally for overall and violent offense measures. Property offense rates also trend better than national norms and have improved markedly year over year. While conditions can vary by block and over time, these comparative trends support leasing stability and resident retention.
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 — corporate offices (4.8 miles)
- Disney — entertainment studios (6.97 miles) — HQ
- Avery Dennison — materials & packaging (7.03 miles) — HQ
- Radio Disney — media offices (7.53 miles)
- Live Nation Entertainment — entertainment & ticketing (10.96 miles)
This 27-unit, 1985-vintage asset offers a relative edge versus older neighborhood stock, with scope for targeted renovations to enhance durability, operating efficiency, and rent positioning. Neighborhood occupancy is healthy and the renter-occupied share is high (measured for the neighborhood, not the property), indicating depth of tenant demand. Within a 3-mile radius, population and household projections point to a larger tenant base over the next five years, supporting occupancy stability and renewal performance.
The broader context favors rentals: home values and value-to-income metrics sit in high national percentiles, reinforcing reliance on multifamily housing. At the same time, elevated rent-to-income levels suggest careful pricing and renewal management are prudent. According to CRE market data from WDSuite, the neighborhood s amenity profile and strong parks/grocery access, combined with favorable safety comparisons, underpin renter appeal without relying on speculative catalysts.
- 1985 vintage is newer than local average, with value-add potential via targeted system and finish upgrades
- Healthy neighborhood occupancy and high renter-occupied share support leasing stability
- 3-mile radius shows growth in population and households, expanding the renter pool over time
- High-cost ownership market sustains multifamily demand and potential pricing power
- Risk: rent-to-income pressure requires disciplined renewal strategy and expense control