| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 33rd | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10231 Pinewood Ave, Tujunga, CA, 91042, US |
| Region / Metro | Tujunga |
| Year of Construction | 1986 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10231 Pinewood Ave Tujunga Multifamily Investment
Strong renter-occupied presence in the surrounding neighborhood underpins demand and helps support steady occupancy, according to WDSuite’s CRE market data. Elevated ownership costs in Los Angeles County further sustain reliance on rentals in this submarket.
The property sits within an Urban Core neighborhood of the Los Angeles-Long Beach-Glendale metro that rates B- overall and is competitive among Los Angeles neighborhoods (ranked 759 out of 1,441). At the neighborhood level, occupancy averages 93.3%, suggesting stable leasing dynamics for professionally managed assets. Median contract rents in the area track above national norms, and neighborhood NOI per unit trends are in the national top decile, according to CRE market data from WDSuite.
Livability indicators point to everyday convenience anchored by strong park and grocery access. Park density performs in the national 98th percentile and grocery stores in the 93rd percentile, while cafes and pharmacies are comparatively limited within the immediate neighborhood. For investors, the mix translates to solid day-to-day amenities without relying on destination retail.
Vintage context matters: the average neighborhood construction year is 1974, and this building’s 1986 vintage is newer than the immediate area. That positioning can offer a relative competitive edge versus older stock, while still warranting targeted modernization and systems planning typical of 1980s construction for ongoing durability and rent positioning.
Tenure patterns at the neighborhood level show a very high renter-occupied share (top percentile metro-wide), indicating a deep tenant base and consistent multifamily demand. Within a 3-mile radius, population has inched up in recent years and is projected to grow further alongside an increase in households, which expands the local renter pool. Forecasts also point to slightly smaller average household sizes, a combination that can support occupancy stability for well-managed properties.
Home values benchmark high for the area, and the value-to-income profile ranks in the upper national percentiles. In practice, this high-cost ownership market helps sustain rental demand and pricing power for quality units. At the same time, rent-to-income ratios at the neighborhood level indicate some affordability pressure, suggesting prudent lease management and renewal strategies are important to maintain retention.
Neighborhood-level safety indicators compare favorably at the national scale, with overall crime metrics in the upper deciles nationwide. Recent trend data shows notable year-over-year reductions in both violent and property offenses, reinforcing an improving trajectory. As with any Los Angeles submarket, conditions can vary by block; investors typically corroborate these patterns with local reports and property-level history.
Proximity to major corporate offices supports a steady renter base by shortening commutes for knowledge and creative-economy workers. Nearby anchors include Charter Communications, Avery Dennison, Disney, Radio Disney, and Live Nation Entertainment.
- Charter Communications — corporate offices (5.09 miles)
- Avery Dennison — corporate offices (6.97 miles) — HQ
- Disney — corporate offices (7.13 miles) — HQ
- Radio Disney — corporate offices (7.73 miles)
- Live Nation Entertainment — corporate offices (11.11 miles)
10231 Pinewood Ave is a 1986-vintage, 30-unit multifamily asset positioned in a Los Angeles Urban Core neighborhood where occupancy is steady and the renter-occupied share is high, supporting depth of demand and leasing durability. Elevated home values at the neighborhood level reinforce reliance on rentals, while recent safety trends and amenity access (notably strong parks and groceries) enhance livability fundamentals that appeal to long-term renters. According to CRE market data from WDSuite, neighborhood NOI per unit ranks among the strongest nationally, signaling supportive operating conditions for competent operators.
Within a 3-mile radius, forecasts indicate population growth and a meaningful increase in households alongside slightly smaller household sizes, expanding the local renter pool and supporting occupancy stability. Given its 1980s vintage, the property may benefit from targeted modernization to stay competitive against upgraded peers, creating potential for value-add execution while managing resident affordability and retention.
- Neighborhood occupancy near the mid-90s and a high renter-occupied share support demand depth and leasing stability.
- Amenity fundamentals are favorable with top-tier park and grocery access that bolster renter appeal.
- 1986 vintage offers competitive positioning versus older stock with scope for targeted value-add and systems updates.
- 3-mile forecasts show population and household growth, supporting a larger tenant base over the medium term.
- Risks: neighborhood rent-to-income ratios signal affordability pressure; lease management and renewal strategy will be important to sustain retention.