| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 33rd | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7147 Greeley St, Tujunga, CA, 91042, US |
| Region / Metro | Tujunga |
| Year of Construction | 1984 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7147 Greeley St, Tujunga CA Multifamily Investment
Neighborhood occupancy trends in the low-90% range point to steady renter demand, according to WDSuite’s CRE market data, with proximity to daily needs and parks supporting retention in Los Angeles’ Urban Core.
Located in Tujunga within the Los Angeles-Long Beach-Glendale metro, the neighborhood carries a B- rating and sits around the metro median at rank 759 of 1,441 neighborhoods. For investors, this translates to balanced fundamentals rather than a momentum outlier—useful for underwriting stable operations over speculative upside.
Livability signals are mixed but serviceable. Access to parks and outdoor space is a clear strength, ranking near the top nationally (98th percentile), and grocery access is also strong (93rd percentile). Restaurant density is competitive (87th percentile), while cafes and pharmacies are limited locally, suggesting residents rely on broader trade areas for select services. These dynamics typically favor “drive-to” convenience and can support day-to-day resident satisfaction without commanding a lifestyle premium.
Rents and occupancy in the neighborhood measure above many U.S. areas, with occupancy at approximately 93.3%—supportive for cash flow stability. Elevated home values (86th percentile nationally) indicate a high-cost ownership market; for multifamily investors, that tends to sustain reliance on rental housing and can strengthen pricing power when renewals are managed carefully. Median asking rents track above national levels (82nd percentile), reinforcing the need for income-to-rent screening and thoughtful renewal strategies.
Within a 3-mile radius, demographics show modest recent population growth and a forecasted increase over the next five years, alongside a projected rise in household counts. This implies a larger tenant base and potential renter pool expansion. Current tenure within 3 miles skews majority-owner but meaningful-renter (about one-third of housing units are renter-occupied today, with forecasts pointing higher), which supports ongoing multifamily demand without severe competitive pressure from single-family rentals.
Vintage is another consideration: the property was built in 1984 versus an area average year of 1974. The 1980s vintage can be competitively positioned against older stock, yet investors should plan for targeted system updates and common-area refreshes to maintain relevance against newer deliveries.
Safety indicators compare favorably at the national level. Recent estimates place the neighborhood in the upper deciles nationally for lower violent and property offense rates, and year-over-year changes show notable declines. In metro context (1,441 neighborhoods), the area performs competitively relative to many Los Angeles neighborhoods, suggesting stability rather than an outlier risk environment.
As always, safety varies by block and over time; investors should corroborate trends with on-the-ground diligence and time-of-day observations. Still, the directionality—top-quartile-or-better performance nationally and improving year-over-year—supports leasing and renewal assumptions without requiring exceptional security spend.
Nearby corporate employers provide a broad white-collar employment base that supports renter demand and commute convenience, including Charter Communications, Avery Dennison, Disney, Radio Disney, and Live Nation Entertainment.
- Charter Communications — corporate offices (4.7 miles)
- Avery Dennison — corporate offices (6.6 miles) — HQ
- Disney — corporate offices (6.7 miles) — HQ
- Radio Disney — corporate offices (7.3 miles)
- Live Nation Entertainment — corporate offices (10.7 miles)
7147 Greeley St is a 26-unit multifamily asset built in 1984, positioned in a Los Angeles Urban Core neighborhood where occupancy sits in the low-90% range and home values remain elevated versus national benchmarks. This combination supports renter reliance on multifamily housing and tends to aid pricing power when paired with disciplined renewal management. Based on commercial real estate analysis from WDSuite, the area’s NOI per unit performance ranks among the stronger cohorts nationally, while parks and grocery access add day-to-day livability advantages for retention.
Within a 3-mile radius, forecasts indicate population growth and a notable increase in household counts over the next five years, expanding the tenant base and supporting occupancy stability. The current renter share is meaningful and projected to rise, pointing to incremental demand depth. Given the 1980s vintage, investors may find targeted value-add opportunities in unit interiors and building systems to sharpen competitive positioning against newer product.
- Steady neighborhood occupancy and high-cost ownership context support rental demand and retention.
- Parks and grocery access rank high nationally, aiding livability and leasing stability.
- 3-mile forecasts point to population and household growth, expanding the tenant base.
- 1984 vintage offers value-add potential through targeted renovations and system updates.
- Risks: affordability pressure requires careful rent-to-income screening; limited nearby cafes/pharmacies may modestly cap lifestyle premiums.