| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 33rd | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10296 N Tujunga Canyon Blvd, Tujunga, CA, 91042, US |
| Region / Metro | Tujunga |
| Year of Construction | 1986 |
| Units | 24 |
| Transaction Date | 2001-08-29 |
| Transaction Price | $1,450,000 |
| Buyer | OXNARD PARK |
| Seller | WILLIAMS JEFF |
10296 N Tujunga Canyon Blvd Multifamily Investment, Tujunga CA
Neighborhood renter demand is supported by strong park and grocery access with steady occupancy, according to WDSuite’s CRE market data. This positioning can help underpin leasing consistency while pricing is managed to local incomes.
The property sits within the Los Angeles-Long Beach-Glendale metro, in a neighborhood rated B- and characterized as Urban Core. Amenity access is mixed: parks and trail access are a standout (98th percentile nationally) and grocery coverage is robust (93rd percentile), while cafes and pharmacies are sparse nearby. Overall amenity strength is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 507 out of 1,441), supporting day-to-day convenience that can aid tenant retention.
Multifamily fundamentals at the neighborhood level indicate stable renter demand. Neighborhood occupancy is around the low-90s, and renter-occupied share is high, with approximately four out of five housing units renter-occupied. For investors, this depth of rental tenure suggests a sizable tenant base and supports ongoing leasing activity.
Ownership costs in the area are elevated relative to incomes (home values sit in the upper national tier and the value-to-income ratio is also high), which tends to sustain reliance on rentals and can support lease retention. At the same time, neighborhood rents benchmark above national norms, and rent-to-income ratios indicate affordability pressure; prudent renewal and pricing strategies will be important to manage turnover risk.
Within a 3-mile radius, demographics point to gradual population growth and a forecast expansion in the number of households alongside slightly smaller household sizes. That combination typically broadens the renter pool over time, which can support occupancy stability and leasing velocity. These directional trends, based on CRE market data from WDSuite, align with investor expectations for demand in workforce-friendly submarkets.
Vintage context: the property was built in 1986, newer than the neighborhood’s average 1970s housing stock. Newer vintage can compete well versus older buildings in the submarket, though investors should still plan for system updates and selective renovations to protect positioning against recently delivered product.
Safety indicators for the neighborhood compare favorably to national norms, with violent- and property-offense metrics in the upper national percentiles. Recent year-over-year readings also show notable declines in estimated offense rates, indicating an improving trend. While no neighborhood is immune to fluctuations, this trajectory supports a stable operating backdrop relative to many urban corridors.
As always, property-level security practices and ongoing monitoring of local trends are recommended to maintain resident satisfaction and protect asset performance.
Nearby corporate nodes help anchor weekday demand and shorten commutes for renters. Key employers within a roughly 5–11 mile radius include Charter Communications, Avery Dennison, Disney, Radio Disney, and Live Nation Entertainment.
- Charter Communications — corporate offices (4.95 miles)
- Avery Dennison — corporate offices (7.08 miles) — HQ
- Disney — corporate offices (7.09 miles) — HQ
- Radio Disney — corporate offices (7.66 miles)
- Live Nation Entertainment — corporate offices (11.07 miles)
This 24-unit, 1986-vintage asset in Tujunga benefits from a neighborhood with steady occupancy, a high concentration of renter-occupied housing, and strong outdoor and grocery access that supports daily livability. Newer-than-average vintage provides a competitive edge versus older local stock, while selective modernization can capture value-add upside. According to CRE market data from WDSuite, the surrounding neighborhood benchmarks in the upper national tier for income performance per unit and shows improving safety metrics—factors that can underpin leasing stability.
Key considerations include elevated ownership costs that reinforce reliance on rentals, counterbalanced by higher rent benchmarks and pockets of affordability pressure that call for disciplined renewal strategies. Forward-looking demographics within a 3-mile radius point to incremental population growth and a notable increase in household counts alongside smaller household sizes, supporting a larger tenant base over time.
- Neighborhood renter base is deep, supporting occupancy stability and leasing continuity.
- 1986 construction offers relative competitiveness versus older stock with targeted renovation potential.
- Strong park and grocery access enhances livability and supports tenant retention.
- Household growth within 3 miles expands the prospective tenant pool over the medium term.
- Risk: higher rent levels and rent-to-income pressure require careful pricing and renewal management.