| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 33rd | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10250 Commerce Ave, Tujunga, CA, 91042, US |
| Region / Metro | Tujunga |
| Year of Construction | 1984 |
| Units | 33 |
| Transaction Date | 1999-11-09 |
| Transaction Price | $360,263 |
| Buyer | NORTHEAST VALLEY INDUSTRIAL PARKS LLC |
| Seller | AND MADA FRASAR TRUST FRASER DAVID W AND MADA |
10250 Commerce Ave, Tujunga CA Multifamily Investment
Neighborhood fundamentals point to steady renter demand and mid-range occupancy, according to WDSuite’s CRE market data, supporting a defensible hold for a 33-unit asset in Los Angeles County.
Situated in Tujunga within the Los Angeles-Long Beach-Glendale metro, the neighborhood carries a B- rating and ranks 759 out of 1,441 metro neighborhoods, indicating competitive positioning within the market. Amenity access is solid for daily needs, with grocery options in the 93rd percentile nationally and parks in the 98th percentile, while cafes and pharmacies are comparatively sparse. For investors, this mix supports everyday convenience but suggests limited premium retail activation nearby.
Multifamily performance signals are balanced: the neighborhood’s occupancy rate trends around the national middle-to-upper range, and unit tenure shows a high renter concentration at the neighborhood level (share of housing units that are renter-occupied), which typically supports a deeper tenant base and steadier leasing.
Within a 3-mile radius, demographics point to gradual population growth and a stable age mix, with recent gains in families and a modest decline in total households—an indicator of slightly larger household sizes. Forecasts for the 3-mile radius show a notable increase in households by 2028, which would expand the tenant base and support occupancy stability over time.
Ownership costs in the neighborhood are elevated relative to many U.S. areas (home values sit in a high national percentile), which tends to reinforce reliance on multifamily housing. At the same time, rent-to-income levels indicate some affordability pressure, suggesting a need for attentive lease management and renewal strategies to sustain retention while guarding pricing power.
The asset’s 1984 vintage is newer than the neighborhood’s average construction year of 1974. This positioning can be competitive versus older stock, though investors should still plan for selective system updates and common-area refreshes to maintain leasing velocity.
Safety indicators are comparatively favorable at the neighborhood level. Violent offenses benchmark in a high national percentile and property offenses sit comfortably above the national midpoint, with recent year-over-year declines indicated by WDSuite’s data. For investors, these patterns support resident retention and marketing narratives without relying on block-level claims.
As with any urban submarket in Los Angeles County, conditions can vary by micro-area and over time; prudent underwriting should incorporate recent trend checks, management’s on-site practices, and lighting/access controls to preserve the safety profile and tenant experience.
Proximity to diversified corporate offices supports commuter convenience and broad renter demand, led by telecom, packaging, and entertainment employers noted below.
- Charter Communications — telecom (5.0 miles)
- Avery Dennison — packaging & materials (7.0 miles) — HQ
- Disney — entertainment & media (7.1 miles) — HQ
- Radio Disney — entertainment & media (7.7 miles)
- Live Nation Entertainment — entertainment & media (11.1 miles)
This 33-unit 1984-vintage property benefits from a renter-oriented neighborhood in Los Angeles County, where grocery and park access are strong and occupancy trends are steady. The vintage is newer than the area’s average, offering relative competitiveness versus older stock, while still leaving room for targeted upgrades to enhance leasing and retention. Based on CRE market data from WDSuite, a high renter concentration at the neighborhood level underpins demand depth, and projected household growth within a 3-mile radius points to a larger tenant base over the medium term.
Elevated ownership costs locally tend to sustain multifamily reliance, supporting baseline occupancy and lease-up. Investors should balance this with measured rent-to-income levels by prioritizing renewal strategies and amenity improvements that protect retention and pricing power, particularly as consumer spending and micro-location dynamics evolve.
- Renter-oriented neighborhood and steady occupancy support leasing stability.
- 1984 vintage offers competitive positioning versus older stock with selective value-add potential.
- 3-mile forecasts indicate a larger future tenant base, aiding long-run absorption.
- Elevated ownership costs reinforce multifamily reliance and potential pricing power.
- Risk: rent-to-income pressure requires careful renewal and lease management to sustain retention.