| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 33rd | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10237 Tujunga Canyon Blvd, Tujunga, CA, 91042, US |
| Region / Metro | Tujunga |
| Year of Construction | 1980 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10237 Tujunga Canyon Blvd Tujunga Multifamily Investment
Neighborhood occupancy is steady and local amenities are supportive of renter demand, according to WDSuite’s CRE market data, positioning this 33-unit asset for durable performance with measured upside from targeted upgrades.
Tujunga sits within the Los Angeles-Long Beach-Glendale metro and rates B- overall among 1,441 metro neighborhoods. Amenity access trends above national averages, with strong park and grocery density (both high national percentiles), while cafes and pharmacies are comparatively sparse. For investors, that mix favors day-to-day livability and retention even if coffee and drugstore options are limited nearby.
Neighborhood multifamily occupancy is solid and sits above the national midpoint per WDSuite, supporting income stability through cycles. Average NOI per unit ranks in the top decile nationally, indicating competitive income performance relative to peers. Restaurants cluster at levels well above national norms, reinforcing lifestyle convenience that helps leasing and renewals.
Construction in the immediate area skews slightly older than the subject’s 1980 vintage. Being newer than the local average (1974) can be a relative advantage versus older stock, while investors should still plan for aging systems and selective modernization to sustain competitiveness.
Within a 3-mile radius, demographics show modest population growth with a projected increase in households, which expands the renter pool over time. The 3-mile area’s renter-occupied share is lower than many urban Los Angeles submarkets, suggesting demand is more quality- and location-driven than purely tenure-driven; that said, elevated home values in the neighborhood (high national percentile) create a high-cost ownership market that can reinforce reliance on multifamily housing and support lease retention.
Median contract rents in the neighborhood benchmark above national levels, and the local value-to-income ratio sits in the top national percentiles. For underwriting, that combination implies durable pricing power alongside some affordability pressure—an operational consideration for renewal strategies and unit upgrade scopes rather than a deterrent to demand.
Neighborhood safety indicators compare favorably at the national level, with overall conditions and violent-offense measures in high national percentiles (safer than most neighborhoods nationwide). Property-offense metrics also trend better than average nationally.
Recent year-over-year readings point to notable improvements across both violent and property incident rates. While safety can vary by corridor and over time, the directional trend and comparative standing are supportive of renter retention and leasing stability within the broader Los Angeles metro context.
Proximity to telecom, packaging, and media/entertainment employers underpins a diverse commuter base and supports multifamily demand through varied wage brackets. The following nearby anchors provide commute-friendly access for residents:
- Charter Communications — telecommunications (4.8 miles)
- Avery Dennison — packaging & materials (6.9 miles) — HQ
- Disney — entertainment/media (6.9 miles) — HQ
- Radio Disney — entertainment/media (7.5 miles)
- Live Nation Entertainment — live entertainment (10.9 miles)
The 1980-vintage, 33-unit asset at 10237 Tujunga Canyon Blvd benefits from neighborhood occupancy above national norms and income performance that ranks competitively on a per-unit basis. Parks and grocery density enhance day-to-day livability, while strong restaurant concentration supports leasing and renewals. Given its slightly newer vintage than the local average, the property can compete well against older stock, with value-add potential focused on selective building systems and interior updates to capture rent premiums while managing affordability sensitivities.
Within a 3-mile radius, population growth and a projected increase in households point to a gradually expanding tenant base. Elevated ownership costs in the neighborhood context help sustain multifamily reliance, even as the near-area renter share is moderate. Based on commercial real estate analysis from WDSuite, underwriting should emphasize occupancy stability, measured rent growth, and targeted capex that aligns with local willingness to pay.
- Occupancy and income performance compare favorably, supporting durable cash flow.
- 1980 vintage offers a relative edge versus older stock with focused value-add upside.
- Amenity mix (parks, groceries, dining) enhances retention and leasing velocity.
- Expanding 3-mile household base and high-cost ownership context reinforce renter demand.
- Risk: affordability pressure requires disciplined renewal and upgrade strategies.