| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 51st | Fair |
| Amenities | 13th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10304 Tujunga Canyon Blvd, Tujunga, CA, 91042, US |
| Region / Metro | Tujunga |
| Year of Construction | 1985 |
| Units | 35 |
| Transaction Date | 2022-01-18 |
| Transaction Price | $35,590,909 |
| Buyer | PI PROPERTIES NO 107 LLC |
| Seller | TUJUNGA CANYON DEVELOPMENT II |
10304 Tujunga Canyon Blvd, Tujunga CA Multifamily
Neighborhood occupancy trends are stable and supported by a high-cost ownership market, according to WDSuite’s CRE market data, suggesting resilient renter demand for a 1985-vintage asset in Los Angeles County.
Located in Tujunga within the Los Angeles-Long Beach-Glendale metro, the neighborhood carries a C- rating with occupancy around the mid-90s and above the metro median, indicating steady leasing conditions rather than peak-tightness. Housing fundamentals test in the top quartile nationally, while the neighborhood’s overall standing is more mixed.
Livability is anchored by grocery access that performs well versus national peers, but on-site cafe, restaurant, park, and pharmacy density is limited. For investors, that reads as a quieter retail mix where residents likely rely on nearby corridors for services. Average school ratings in the area trend below national norms, an element to weigh for family-driven demand profiles.
Home values benchmark high relative to the nation, reinforcing renter reliance on multifamily housing and supporting pricing power and retention when managed carefully. Median contract rents in the area have moved upward over the past five years and are projected to grow further, which can support NOI if paired with disciplined lease management.
Within a 3-mile radius, demographics point to modest population growth and a larger number of households by the forecast period, indicating a gradually expanding tenant base. The area today is more owner-leaning in terms of renter-occupied share, but forecasts suggest the renter pool will expand, supporting occupancy stability over the medium term.
Recent data indicates the neighborhood performs above national averages on safety, with year-over-year declines in both property and violent offense estimates. While no submarket is risk-free, the directional improvement and comparative positioning suggest a constructive backdrop for resident retention and day-to-day operations.
Proximity to established corporate employment helps sustain renter demand and supports retention through commute convenience. Key nearby employers include Charter Communications, Avery Dennison, Disney, Radio Disney, and Live Nation Entertainment.
- Charter Communications — telecommunications (4.97 miles)
- Avery Dennison — materials & labeling (7.11 miles) — HQ
- Disney — entertainment (7.12 miles) — HQ
- Radio Disney — media (7.69 miles)
- Live Nation Entertainment — live entertainment offices (11.11 miles)
This 35-unit, 1985-vintage asset is newer than the neighborhood’s average housing stock, offering competitive positioning versus older inventory while still leaving room for targeted modernization and system updates. High home values in Los Angeles County reinforce reliance on rentals, and neighborhood occupancy sits above the metro median, indicating durable demand and manageable turnover when operations are tight. Based on commercial real estate analysis from WDSuite, the surrounding 3-mile area shows modest population growth and an expanding household base, which supports long-run leasing stability.
Amenities immediately nearby are limited outside of grocery options, but proximity to major employment centers provides a demand anchor and can offset softer local retail density. Rent levels have trended upward historically with further gains projected, suggesting revenue opportunities if paired with disciplined affordability and retention management.
- Newer 1985 vintage vs. older neighborhood stock, with value-add potential via modernization
- Occupancy above the metro median supports stable cash flow when operations are disciplined
- High-cost ownership market reinforces renter demand and pricing power
- Nearby corporate employers bolster leasing and retention despite limited local amenities
- Risks: limited amenity density and lower school ratings may temper family-driven demand; 1985 systems can require ongoing capital planning