| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 33rd | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10237 Fernglen Ave, Tujunga, CA, 91042, US |
| Region / Metro | Tujunga |
| Year of Construction | 1985 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10237 Fernglen Ave, Tujunga Multifamily Investment
Neighborhood occupancy around 93% and a high renter-occupied share indicate steady tenant demand in this Los Angeles submarket, according to WDSuite’s CRE market data. Positioned in a high-cost ownership area, the asset benefits from durable renter reliance while requiring prudent lease management.
The property sits within Los Angeles County’s Urban Core, where neighborhood amenities are competitive among 1,441 metro neighborhoods and parks rank near the top locally and nationally. High park and grocery access (top national percentiles) support day-to-day livability, while restaurant density is above national norms; by contrast, cafes and pharmacies are thinner, which investors should factor into resident convenience expectations.
At the neighborhood level, renter-occupied housing is among the highest in the metro (top national percentile), signaling deep multifamily demand and a broad tenant base. Neighborhood occupancy is around 93%, which generally supports income stability during typical leasing cycles, based on CRE market data from WDSuite.
Construction year averages in the surrounding neighborhood skew older (1970s). With a 1985 vintage, the subject property is newer than much of the nearby stock, which can aid competitive positioning versus older assets; selective modernization and system updates may still be warranted to sustain rentability and operating efficiency.
Within a 3-mile radius, demographics point to modest population growth recently and a projected increase in households alongside a rising renter share. Median and mean household incomes have climbed, which supports rent levels, and rents are projected to trend higher over the next five years—factors that can underpin occupancy stability and pricing power. In a high-cost ownership market, elevated home values and a high value-to-income ratio tend to sustain reliance on rental housing, supporting retention and lease-up velocity for well-managed properties.
Safety signals present a nuanced picture. Compared with neighborhoods nationwide, indicators are in the top decile for safety, and recent data shows notable year-over-year declines in both violent and property offense rates. Within the Los Angeles-Long Beach-Glendale metro, however, the neighborhood ranks 33rd out of 1,441 on a crime index where lower ranks indicate more crime, suggesting it sits toward the higher-crime end locally. Investors should calibrate operating assumptions accordingly, focusing on security practices and resident communication without overstating block-level conditions.
Proximity to a diverse employment base—including telecommunications, entertainment, media, packaging, and live events—supports workforce renter demand and commute convenience for residents. The following nearby employers anchor the area’s talent pool and can aid leasing stability for multifamily assets.
- Charter Communications — telecommunications (4.8 miles)
- Disney — entertainment (7.0 miles) — HQ
- Avery Dennison — packaging materials (7.1 miles) — HQ
- Radio Disney — media (7.6 miles)
- Live Nation Entertainment — live events promoter (11.0 miles)
This 30-unit, 1985-vintage asset in Tujunga benefits from neighborhood fundamentals that favor multifamily: a high renter-occupied share, occupancy near 93% at the neighborhood level, and a high-cost ownership landscape that sustains rental demand. The vintage is newer than the area’s 1970s-leaning stock, which supports competitive positioning, while targeted updates can unlock operational and value-add upside.
Within a 3-mile radius, recent and projected household growth—alongside a shifting mix toward renting—points to a larger tenant base and support for rent levels. Elevated home values and strong income trends enhance retention potential, and rents are projected to rise, which can bolster NOI if expenses are managed. According to CRE market data from WDSuite, these dynamics align with above-average neighborhood income performance per unit and occupancy stability, though affordability pressure (higher rent-to-income ratios) warrants diligent leasing and renewal strategies.
- Newer 1985 vintage versus older local stock, with potential to enhance via selective modernization
- High renter-occupied share and neighborhood occupancy around 93% support income stability
- High-cost ownership market reinforces renter reliance, aiding retention and lease-up
- 3-mile radius shows growing households and rising rents, expanding the tenant base
- Risks: metro-level safety rank and rent-to-income pressure call for focused security and lease management