| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 51st | Fair |
| Amenities | 13th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10425 Plainview Ave, Tujunga, CA, 91042, US |
| Region / Metro | Tujunga |
| Year of Construction | 1979 |
| Units | 49 |
| Transaction Date | 1999-08-26 |
| Transaction Price | $2,230,000 |
| Buyer | HUNT DONALD G |
| Seller | TUJUNGA I LTD |
10425 Plainview Ave Tujunga Multifamily Investment
Neighborhood occupancy is above the metro median and renter concentration is roughly half of housing units, supporting stable demand at the submarket level, according to WDSuite’s CRE market data. This positions the asset to compete on livability and pricing against nearby Los Angeles stock while benefiting from a high-cost ownership market.
The property sits in Tujunga within the Los Angeles-Long Beach-Glendale metro. Neighborhood occupancy ranks above the metro median (718 out of 1,441), indicating comparatively steady leasing conditions at the neighborhood level, not the property. A roughly half renter-occupied housing base (49.7%) signals meaningful depth for multifamily demand without overreliance on transient tenants.
Livability is mixed. The area shows limited dine-in, cafe, park, and pharmacy density within immediate blocks, while grocery access is comparatively strong, performing better than many neighborhoods nationwide. For residents, this means daily needs are covered nearby, but some entertainment and lifestyle amenities may require short drives to adjacent Los Angeles communities.
Home values in the neighborhood are elevated relative to national norms, which typically sustains reliance on rental housing and can support pricing power and lease retention. At the same time, rent-to-income levels are manageable by metro standards, helping mitigate affordability pressure that can affect retention risk in tighter submarkets.
Construction trends indicate an older urban core context (average vintage 1970 across the neighborhood). Built in 1979, the asset is newer than the local average, offering competitive positioning versus older stock; investors should still account for capital planning to modernize systems and common areas as needed.
Demographics aggregated within a 3-mile radius show modest population expansion in recent years and a projected increase in households, pointing to a larger tenant base over the medium term. Income growth has been solid, which supports rent collections and reduces volatility through cycles.
Safety compares favorably on a national basis, with the neighborhood performing in the top quartile nationally, according to WDSuite. Recent data also indicates notable year-over-year declines in both property and violent offense estimates, suggesting improving conditions relative to prior periods.
Within the Los Angeles-Long Beach-Glendale metro, neighborhood safety can vary by corridor; investors should assess block-by-block operations and lighting, but current trends point to stable-to-improving conditions rather than deterioration.
Proximity to major entertainment, media, and corporate services employers supports a diversified renter base and commute convenience for workforce tenants, including Charter Communications, Disney, Avery Dennison, Radio Disney, and Live Nation Entertainment.
- Charter Communications — corporate offices (4.9 miles)
- Disney — corporate offices (7.2 miles) — HQ
- Avery Dennison — corporate offices (7.4 miles) — HQ
- Radio Disney — corporate offices (7.7 miles)
- Live Nation Entertainment — corporate offices (13.9 miles) — HQ
This 49-unit asset offers scale in a neighborhood where occupancy is above the metro median and renter-occupied housing is substantial, supporting day-one leasing stability. Built in 1979, it is newer than the neighborhood’s average vintage, giving it a relative edge versus older local stock, with potential value-add through targeted system upgrades and interior modernization. Elevated local home values reinforce reliance on multifamily, while rent-to-income readings suggest room to manage renewals without outsized retention risk.
Within a 3-mile radius, population has been expanding and households are projected to grow, signaling renter pool expansion that should support occupancy and collections through cycles. According to CRE market data from WDSuite, the neighborhood’s national standing on safety is favorable and has improved recently, adding to long-term fundamentals.
- Occupancy above metro median and meaningful renter concentration support leasing stability.
- 1979 vintage is newer than neighborhood average, with value-add potential via modernization.
- Elevated ownership costs in the area sustain multifamily demand and pricing power.
- 3-mile demographics point to household growth and a larger tenant base over time.
- Risk: Amenity-light immediate blocks and mixed school ratings may require targeted leasing and retention strategies.