| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 51st | Fair |
| Amenities | 13th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10356 Commerce Ave, Tujunga, CA, 91042, US |
| Region / Metro | Tujunga |
| Year of Construction | 1983 |
| Units | 42 |
| Transaction Date | 2000-05-10 |
| Transaction Price | $2,040,000 |
| Buyer | COMMERCE TERRACE LP |
| Seller | 10356 COMMERCE |
10356 Commerce Ave, Tujunga Multifamily Investment
Neighborhood fundamentals point to steady tenant demand, with occupancy measured at the neighborhood level in the mid-90s and a renter-occupied share near half of units, according to WDSuite’s CRE market data.
Positioned in Tujunga within the Los Angeles-Long Beach-Glendale metro, the property sits in a neighborhood with generally stable renter demand. Neighborhood occupancy is above the national median and roughly around the metro midpoint, helping support cash flow durability for multifamily owners. The area’s renter-occupied share is high relative to the nation, indicating a deep tenant base and potential for consistent lease-up at comparable assets.
Local amenity density is limited for cafes, parks, restaurants, childcare, and pharmacies, though grocery access is comparatively stronger than many neighborhoods nationwide. School ratings trend below the national median (average around 2 out of 5), which may influence family renter retention strategies but is less critical for workforce-oriented demand profiles.
Home values in the neighborhood are elevated versus national norms, reinforcing reliance on rental housing and supporting pricing power for well-managed assets. Median contract rents run above national averages, yet rent-to-income levels are not extreme for the metro context, suggesting room for disciplined revenue management without outsized retention risk.
Within a 3-mile radius, demographics show modest population growth historically and projections call for additional population and household increases, with a gradual shift toward a larger renter pool. This points to a larger tenant base over time and supports occupancy stability for professionally operated multifamily properties.
The asset’s 1983 vintage is newer than the neighborhood’s average construction year, offering a relative competitive edge versus older stock while still warranting targeted system updates and common-area refreshes to meet current renter expectations and to drive value-add outcomes.
Safety indicators for the neighborhood are comparatively favorable in a national context, with overall crime metrics placing the area in the top quintile nationally for safety. Recent data also show meaningful year-over-year declines in both property and violent offense rates, a constructive trend for tenant retention and asset risk management. As always, investors should focus on property-level measures and consistent operations, as conditions can vary within urban subareas across the Los Angeles metro.
Proximity to major corporate offices supports a steady workforce renter base and commute convenience for residents. Nearby employers include Charter Communications, Avery Dennison, Disney, Radio Disney, and Live Nation Entertainment.
- Charter Communications — corporate offices (5.1 miles)
- Avery Dennison — corporate offices (7.2 miles) — HQ
- Disney — corporate offices (7.3 miles) — HQ
- Radio Disney — corporate offices (7.8 miles)
- Live Nation Entertainment — corporate offices (11.2 miles)
10356 Commerce Ave is a 42-unit, 1983-vintage property in Tujunga with neighborhood-level occupancy above the national median and a renter-occupied share that is high by national standards. Elevated home values in the area tend to sustain rental reliance, while median rents outpace national levels without extreme rent-to-income pressure, supporting disciplined pricing strategies. According to CRE market data from WDSuite, the neighborhood’s demographic outlook within a 3-mile radius points to continued population growth and a rising renter pool, reinforcing demand for well-positioned multifamily assets.
Relative to the neighborhood’s older housing stock, this asset’s vintage can be competitive with targeted capital planning for systems and common areas. Amenity density is modest beyond groceries, so marketing may lean on access to employment nodes across the Los Angeles metro. Overall, the setup favors durable occupancy and value-add execution, with measured attention to leasing, resident retention, and ongoing safety best practices.
- Occupancy above national median and large renter base support steady leasing
- Elevated local home values reinforce reliance on rental housing and pricing power
- 1983 vintage offers competitive positioning versus older neighborhood stock with focused upgrades
- 3-mile demographics point to a growing renter pool, aiding long-term demand
- Risks: modest neighborhood amenities and below-median school ratings may require targeted retention strategies