| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 33rd | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7138 Greeley St, Tujunga, CA, 91042, US |
| Region / Metro | Tujunga |
| Year of Construction | 1988 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7138 Greeley St Tujunga Multifamily Investment
Neighborhood occupancy trends are in the low 90% range and renter concentration is elevated at the neighborhood level, supporting stable tenant demand according to WDSuite’s CRE market data.
Positioned in Tujunga within the Los Angeles-Long Beach-Glendale metro, the neighborhood posts a B- rating and sits mid-pack overall (rank 759 of 1,441 metro neighborhoods). Amenity access is competitive among Los Angeles neighborhoods (rank 507 of 1,441; 63rd percentile nationally), with particularly strong proximity to parks (98th percentile nationally) and solid grocery access (93rd percentile). Cafe and pharmacy density are thinner locally, which can modestly limit daily-walk convenience for residents.
For investors screening multifamily, the neighborhood’s occupancy is above the national median, and neighborhood renter concentration is high (renter-occupied share ranks in the top 1% nationally). By contrast, demographics aggregated within a 3-mile radius trend more owner-leaning today, which can position well-located multifamily to serve renters within a broader owner-heavy catchment.
Home values are elevated for the area (86th percentile nationally) and value-to-income ratios trend high (98th percentile nationally). In practical terms, a high-cost ownership landscape can reinforce reliance on rental housing and support leasing depth, though it warrants disciplined rent setting to manage retention where rent-to-income pressure is present. Median contract rents at the 3-mile level remain supported by income growth, with rents and household incomes both expanding over recent years.
The property’s 1988 vintage is newer than the neighborhood average stock from the mid-1970s, providing a competitive edge versus older buildings while still leaving room for targeted modernization or systems updates to enhance renter appeal and operating efficiency.
Safety indicators trend comparatively favorable at the national level, with overall and violent offense measures in the upper percentiles nationwide (around the top quartile compared with neighborhoods across the U.S.). Within the Los Angeles-Long Beach-Glendale metro, however, the neighborhood’s crime position is below the metro median (rank 33 of 1,441), signaling that investors should underwrite routine security and lighting best practices typical for urban Los Angeles assets.
Recent year-over-year trends indicate notable improvement in estimated offense rates, including sharp declines in both property and violent offenses. While block-level conditions vary, these directional shifts can support leasing stability when combined with professional management and resident engagement.
Nearby corporate offices in media, telecom, and packaging underpin a diverse employment base and commute convenience for renters, including Charter Communications, Avery Dennison, Disney, Radio Disney, and Live Nation Entertainment.
- Charter Communications — telecom & cable services (4.7 miles)
- Avery Dennison — packaging & materials (6.6 miles) — HQ
- Disney — entertainment studios & offices (6.7 miles) — HQ
- Radio Disney — broadcasting (7.3 miles)
- Live Nation Entertainment — live entertainment offices (10.7 miles)
7138 Greeley St offers a 1988-vintage, 20-unit footprint in a neighborhood with above-median national occupancy and a notably high renter-occupied share at the neighborhood level, supporting tenant depth and lease-up resilience. The asset competes against an older local stock base from the mid-1970s, creating a positioning advantage with room for targeted value-add through interior updates and building systems modernization.
Elevated home values and strong park and grocery access bolster livability while reinforcing sustained reliance on rental housing. According to CRE market data from WDSuite, neighborhood fundamentals trend stable, and 3-mile demographics point to growing incomes and a projected increase in households by 2028, which can expand the renter pool and support occupancy stability when paired with disciplined affordability and retention strategies.
- 1988 vintage is newer than local averages, enabling competitive positioning versus older stock with value-add potential
- Neighborhood occupancy above the national median and high renter concentration support leasing stability
- High-cost ownership market sustains rental demand and pricing power, balanced by prudent lease management
- 3-mile outlook shows income growth and projected household gains by 2028, expanding the renter base
- Risks: metro-relative safety is below average and rent-to-income pressure warrants conservative underwriting and resident retention focus