| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 33rd | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10285 Tujunga Canyon Blvd, Tujunga, CA, 91042, US |
| Region / Metro | Tujunga |
| Year of Construction | 1983 |
| Units | 22 |
| Transaction Date | 2022-01-19 |
| Transaction Price | $19,534,090 |
| Buyer | PI BROADWAY LLC |
| Seller | TUJUNGA CANYON DEVELOPMENT CO LIMITED PA |
10285 Tujunga Canyon Blvd Multifamily Investment
This 22-unit property benefits from strong neighborhood fundamentals, with occupancy rates above 93% and net operating income per unit ranking in the top 10% among 1,441 Los Angeles metro neighborhoods according to CRE market data from WDSuite.
The Tujunga neighborhood demonstrates solid rental market fundamentals with 93.3% occupancy and nearly 78% of housing units renter-occupied, reflecting strong multifamily demand. Median contract rents of $1,604 position the area competitively within the broader Los Angeles market, while the neighborhood's net operating income per unit of $14,090 ranks in the top 10% among 1,441 metro neighborhoods.
Demographics within a 3-mile radius support sustained rental demand, with a median household income of $98,506 and 36.6% of housing units occupied by renters. The area maintains above-average amenity access, ranking in the 63rd percentile nationally for overall amenities, with strong childcare density ranking 5th among metro neighborhoods and substantial park access at nearly 4 parks per square mile.
Built in 1983, this property aligns with the neighborhood's average construction year of 1974, suggesting consistent building stock that may present value-add opportunities through strategic renovations. The area's housing market ranks in the 80th percentile nationally, indicating relative strength compared to neighborhoods nationwide, while home values of $527,823 reinforce rental demand by keeping ownership costs elevated for many households.
The neighborhood demonstrates favorable safety metrics relative to both metro and national comparisons. Crime rates rank 33rd among 1,441 Los Angeles metro neighborhoods, placing the area in the 89th percentile nationally for safety performance. Both violent and property crime rates show significant improvement, with violent offenses declining 97.7% year-over-year and property crimes dropping 82.4%.
These safety trends support tenant retention and property values, with current violent crime rates at just 3.1 incidents per 100,000 residents and property offense rates at 82.0 per 100,000 residents. The neighborhood's safety profile ranks among the top quartile in the Los Angeles metro area, contributing to its appeal for stable, long-term tenancy.
The area benefits from proximity to major corporate employers, with several Fortune 500 companies and entertainment industry leaders within commuting distance, supporting workforce housing demand.
- Charter Communications — telecommunications (4.9 miles)
- Disney — entertainment & media (7.0 miles) — HQ
- Avery Dennison — manufacturing & materials (7.0 miles) — HQ
- Radio Disney — broadcasting (7.6 miles)
- Live Nation Entertainment — entertainment services (11.0 miles)
This 22-unit property offers compelling fundamentals in a neighborhood that ranks among the top performers in the Los Angeles metro area for multifamily operations. With neighborhood-level occupancy at 93.3% and net operating income per unit ranking in the top 10% regionally, the asset benefits from proven rental demand in an area where nearly 78% of housing units are renter-occupied. The 1983 construction year presents potential value-add opportunities through targeted improvements while maintaining competitive positioning.
Demographics within a 3-mile radius show stability with a median household income of $98,506 and projected household growth supporting continued rental demand. The neighborhood's safety profile, ranking in the 89th percentile nationally, combined with strong amenity access and proximity to major employers including Disney and Charter Communications, creates a foundation for tenant retention and lease stability.
- Neighborhood occupancy above 93% with strong NOI per unit performance
- High renter concentration at 78% of housing units supporting demand depth
- Top quartile safety ranking among 1,441 metro neighborhoods
- Value-add potential through strategic improvements to 1983 vintage property
- Risk consideration: Monitor rent-to-income ratios and affordability pressures in market