| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 33rd | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10270 Tujunga Canyon Blvd, Tujunga, CA, 91042, US |
| Region / Metro | Tujunga |
| Year of Construction | 1987 |
| Units | 31 |
| Transaction Date | 2001-09-24 |
| Transaction Price | $2,000,000 |
| Buyer | 10270 TUJUNGA LLC |
| Seller | TUJUNGA VILLAS LTD |
10270 Tujunga Canyon Blvd Multifamily Investment, Tujunga CA
Neighborhood fundamentals indicate a deep renter base and solid occupancy for the area, according to WDSuite’s CRE market data. The location’s high-cost ownership environment supports sustained multifamily demand rather than property-level volatility.
Positioned in Tujunga within Los Angeles County, the property benefits from neighborhood-level livability that supports multifamily performance. Parks and open-space access rank in the top decile nationally, and grocery access is likewise strong, while restaurant density is above national norms. Cafe and pharmacy counts are thinner, suggesting residents rely on nearby corridors for certain conveniences.
The area shows a high renter-occupied share at the neighborhood level, which signals meaningful depth to the tenant base and can support leasing stability. Neighborhood occupancy has been holding in the low 90s, and median home values and the value-to-income ratio are elevated relative to national benchmarks—conditions that tend to reinforce reliance on rental housing and help sustain pricing power for professionally managed assets.
Within a 3-mile radius, demographics are stable with modest population growth and a projected increase in households over the next five years, indicating a larger tenant pool even as household sizes trend slightly lower. Contract rents in the 3-mile radius have trended upward and are projected to continue rising, which supports revenue potential; investors should balance this against local rent-to-income dynamics to manage retention and renewal strategies.
Built in 1987, the asset is newer than the neighborhood’s average vintage (1970s). That relative age can provide an edge versus older stock, while still leaving room for targeted modernization or energy-efficiency upgrades to enhance competitiveness and reduce ongoing capital needs.
Safety indicators for the neighborhood compare favorably at the national level, with recent WDSuite data showing notable year-over-year declines in estimated property and violent offenses. These improvements point to supportive living conditions for residents, though safety can vary across Los Angeles subareas and should be evaluated in context over multiple periods.
Proximity to media, communications, and corporate services employers underpins local renter demand by shortening commutes and broadening the prospective tenant pool. The list below highlights nearby corporate offices in entertainment, broadband, and materials/packaging that align with workforce housing needs.
- Charter Communications — telecom & broadband (4.9 miles)
- Avery Dennison — materials & packaging (7.0 miles) — HQ
- Disney — media & entertainment (7.0 miles) — HQ
- Radio Disney — media offices (7.6 miles)
- Live Nation Entertainment — entertainment corporate offices (13.9 miles) — HQ
This 31-unit, 1987-vintage asset sits in a renter-oriented pocket of Los Angeles County where neighborhood occupancy has been steady and ownership costs are high by national standards—a combination that generally supports leasing stability and pricing power. According to commercial real estate analysis from WDSuite, neighborhood NOI per unit benchmarks are strong and parks/grocery access outperform national norms, bolstering livability drivers that matter to renters.
Within a 3-mile radius, population has trended upward with a projected increase in households that points to renter pool expansion. Rising contract rents in the 3-mile area support long-term income potential, while the property’s relative vintage offers scope for targeted upgrades that can improve operating efficiency and competitive positioning against older nearby stock.
- Renter-oriented neighborhood and high-cost ownership market support demand depth and lease retention.
- Neighborhood occupancy holding in the low 90s supports income stability across cycles.
- 3-mile radius shows household growth and rising rents, indicating a larger tenant base and revenue potential.
- 1987 construction provides a competitive edge versus 1970s stock with room for value-add modernization.
- Risks: affordability pressure (rent-to-income), uneven amenity mix (cafe/pharmacy gaps), and broader LA economic cyclicality.