| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 33rd | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10248 Tujunga Canyon Blvd, Tujunga, CA, 91042, US |
| Region / Metro | Tujunga |
| Year of Construction | 1987 |
| Units | 25 |
| Transaction Date | 2003-04-23 |
| Transaction Price | $1,850,000 |
| Buyer | 10270 TUJUNGA LLC |
| Seller | CABRALOFF ALBERT S |
10248 Tujunga Canyon Blvd Tujunga Multifamily Opportunity
Neighborhood occupancy has been resilient, which supports cash flow stability for well-run assets in this pocket of Los Angeles, according to CRE market data from WDSuite.
The property sits in an Urban Core neighborhood of the Los Angeles-Long Beach-Glendale metro that is rated B- and is competitive among Los Angeles neighborhoods for overall amenities (ranked 507 out of 1,441). Parks and groceries are convenient relative to many areas nationwide (parks near the 98th percentile and groceries near the 93rd), while restaurants score strongly as well (around the 87th percentile). By contrast, cafes and pharmacies are thinner locally, suggesting residents rely on nearby corridors for certain daily needs. For investors, this mix points to everyday livability with some destination-based retail trips.
Neighborhood-level housing performance is constructive: the share of housing units that are renter-occupied is high (about 77.8%), indicating depth in the tenant base and support for multifamily leasing. The neighborhood occupancy rate is solid, helping underpin income consistency at stabilized assets. NOI per unit among comparable neighborhood assets trends in the top decile nationally, underscoring income potential in this submarket based on CRE market data from WDSuite.
Within a 3-mile radius, demographics show modest population growth over the past five years and a projected increase ahead, with households expected to expand meaningfully and average household size trending slightly smaller. That combination typically enlarges the renter pool and can support occupancy stability and lease-up velocity for appropriately positioned product.
Home values benchmark well above national norms and the broader metro, and the value-to-income ratio sits in a high national percentile. In practice, this high-cost ownership market tends to sustain reliance on rental housing, which can aid tenant retention and pricing power for competitively maintained properties. At the same time, a higher rent-to-income ratio at the neighborhood level signals some affordability pressure, suggesting disciplined renewal management and unit positioning remain important.
Safety signals are mixed when viewed locally versus nationally. Relative to the Los Angeles-Long Beach-Glendale metro, the neighborhood's crime rank is 33 out of 1,441 neighborhoods, indicating elevated crime compared with the metro overall. However, on national comparisons it performs in the top quartile for safety (around the 88th–89th national percentile), reflecting stronger standing versus many neighborhoods nationwide.
Short-term trends are favorable: estimated violent and property offenses have both posted large year-over-year declines, positioning the area near the best national percentiles for improvement. Investors should evaluate block-by-block conditions during site visits and align security and lighting standards with tenant expectations.
Proximity to major corporate offices supports a wide commuter tenant base, with concentrations in media, communications, and headquarters roles including Charter Communications, Avery Dennison, Disney, Radio Disney, and Live Nation Entertainment.
- Charter Communications — communications (4.8 miles)
- Avery Dennison — materials & packaging (6.9 miles) — HQ
- Disney — entertainment (6.9 miles) — HQ
- Radio Disney — media (7.5 miles)
- Live Nation Entertainment — live entertainment (10.9 miles)
Built in 1987, this 25-unit asset is newer than the average housing stock in the immediate neighborhood (which skews to the 1970s), offering a competitive position versus older properties while still leaving room for targeted renovations and systems modernization. Neighborhood fundamentals are supportive: a high share of renter-occupied housing units indicates depth of tenant demand, and occupancy at the neighborhood level has been steady, which, according to CRE market data from WDSuite, aligns with strong income performance among comparable assets.
Market context also favors rentals. Within a 3-mile radius, population has edged higher and is projected to grow further, with a notable increase in household counts and a rising renter orientation, supporting a larger tenant base. Elevated home values and a high value-to-income ratio in the neighborhood tend to sustain reliance on multifamily housing, aiding leasing and potential retention. Investors should nonetheless plan for affordability-sensitive renewal strategies given higher rent-to-income readings, and budget for mid-1980s vintage capital needs to maintain competitiveness.
- 1987 vintage provides competitive positioning versus older local stock with clear value-add and modernization angles
- Neighborhood renter-occupied share and stable occupancy support income durability
- High-cost ownership market reinforces multifamily demand, aiding retention and pricing power for well-maintained assets
- 3-mile demographics point to renter pool expansion, supporting leasing and occupancy
- Risk: higher rent-to-income readings call for prudent renewal strategies and careful unit positioning