| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 33rd | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10259 Tujunga Canyon Blvd, Tujunga, CA, 91042, US |
| Region / Metro | Tujunga |
| Year of Construction | 1984 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10259 Tujunga Canyon Blvd Multifamily Investment
This 28-unit property built in 1984 benefits from strong neighborhood-level occupancy at 93.3% and ranks in the top quartile nationally for NOI per unit performance, according to CRE market data from WDSuite.
The Tujunga neighborhood ranks 759th among 1,441 Los Angeles metro neighborhoods with a B- rating and demonstrates solid fundamentals for multifamily investors. With 77.8% of housing units renter-occupied—ranking in the 99th percentile nationally—this area maintains strong rental demand. Neighborhood-level occupancy stands at 93.3%, while median contract rent reaches $1,604.
Demographics within a 3-mile radius show a stable tenant base with 53,791 residents and projected population growth to 56,554 by 2028. The area's household income median of $98,795 is forecast to increase 35.4% to $133,727, supporting rent growth potential. Renter-occupied units are expected to expand from 16.4% to 23.5%, indicating a growing tenant pool.
Built in 1984, this property aligns with the neighborhood's average construction year of 1974, suggesting potential value-add opportunities through strategic renovations. The area offers strong amenity access with grocery stores ranking in the 93rd percentile nationally and parks in the 98th percentile, supporting tenant retention. However, limited cafe and pharmacy density may affect convenience appeal for some renters.
Home values averaging $527,823 and elevated ownership costs help sustain rental demand, as higher purchase prices keep households in the rental market longer. The rent-to-income ratio of 0.36 indicates manageable affordability for current tenants, though investors should monitor renewal rates given income growth projections.
The neighborhood demonstrates strong safety metrics compared to other Los Angeles metro areas, ranking 33rd among 1,441 neighborhoods and achieving the 89th percentile nationally for overall crime performance. Property offense rates have declined significantly by 82.4% year-over-year, placing the area in the 98th percentile for crime reduction trends.
Violent crime rates are particularly low at 3.07 incidents per 100,000 residents, ranking 46th metro-wide and in the 88th percentile nationally. The violent crime rate also decreased 97.7% year-over-year, ranking in the top quartile nationally for improvement. These safety trends support tenant retention and can positively influence lease renewal rates.
The property benefits from proximity to major corporate employers across entertainment, technology, and professional services sectors, providing workforce housing opportunities for diverse tenant demographics.
- Charter Communications — telecommunications (4.8 miles)
- Disney — entertainment & media (7.0 miles) — HQ
- Avery Dennison — materials & manufacturing (7.0 miles) — HQ
- Radio Disney — media & broadcasting (7.5 miles)
- Live Nation Entertainment — entertainment services (10.9 miles)
This 28-unit property presents a compelling investment opportunity anchored by strong neighborhood fundamentals and demographic tailwinds. The area's 77.8% renter occupancy rate ranks in the 99th percentile nationally, while neighborhood-level occupancy at 93.3% indicates stable demand. Population growth projections show expansion to 56,554 residents by 2028, with renter-occupied units increasing from 16.4% to 23.5%, supporting long-term tenant demand.
Built in 1984, the property offers value-add potential through strategic improvements, particularly given the neighborhood's strong safety profile ranking in the 89th percentile nationally. Median household income is forecast to grow 35.4% to $133,727, providing rent growth runway, while elevated home values help sustain rental demand by keeping ownership costs above many households' reach.
- Exceptional rental market fundamentals with 99th percentile renter occupancy rates
- Strong demographic growth with 5.1% population increase and expanding renter pool
- Value-add upside from 1984 vintage with neighborhood NOI ranking in 93rd percentile
- Superior safety profile supporting tenant retention and lease stability
- Risk considerations include limited pharmacy and cafe amenities affecting convenience appeal