| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Poor |
| Demographics | 52nd | Fair |
| Amenities | 23rd | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7340 Foothill Blvd, Tujunga, CA, 91042, US |
| Region / Metro | Tujunga |
| Year of Construction | 1989 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7340 Foothill Blvd Tujunga Multifamily Investment
This 39-unit property offers value-add potential in a neighborhood ranking in the top quartile nationally for safety metrics. Commercial real estate analysis indicates stable rental demand supported by proximity to major corporate employers including Disney and Avery Dennison headquarters.
The Tujunga neighborhood demonstrates solid fundamentals for multifamily investment, ranking above metro median among 1,441 Los Angeles metro neighborhoods for safety and crime metrics at the 85th national percentile. Built in 1989, this property aligns with the neighborhood's average construction year of 1957, presenting potential value-add opportunities through strategic renovations and unit improvements.
Demographic data aggregated within a 3-mile radius shows a stable tenant base with median household income of $99,521 and projected growth to $135,118 by 2028. The area maintains 36% renter-occupied housing units, with contract rents at $1,818 median, expected to reach $2,638 within five years. Population growth of 4.8% is forecasted through 2028, supporting sustained rental demand.
Neighborhood-level occupancy stands at 87.7%, though recent trends show some softening with a 3.5% decline over five years. Home values averaging $774,134 with 36.5% growth over five years reinforce rental demand as elevated ownership costs limit accessibility to homeownership. The rent-to-income ratio of 0.17 suggests manageable affordability for tenants, supporting lease retention and renewal rates.
Amenity density remains limited with minimal walkable retail and dining options, though grocery access ranks at the 74th national percentile. The suburban character appeals to families and long-term renters seeking more space and parking availability compared to dense urban alternatives.
Safety metrics present a compelling investment factor, with the neighborhood ranking 115th among 1,441 Los Angeles metro neighborhoods for overall crime, placing it in the 85th national percentile. Both property and violent crime rates have declined significantly over the past year, with property offenses down 86.2% and violent crimes down 86.6%.
Current violent crime rates stand at 10.5 incidents per 100,000 residents, well below metro averages, while property crime rates of 53.0 per 100,000 residents rank favorably compared to regional benchmarks. These safety fundamentals support tenant retention and can justify premium pricing relative to higher-crime submarkets.
The property benefits from proximity to major corporate employers that anchor regional employment and support workforce housing demand, including several Fortune 500 headquarters within a 15-mile radius.
- Charter Communications — telecommunications (4.6 miles)
- Disney — entertainment & media (6.7 miles) — HQ
- Avery Dennison — industrial materials (6.8 miles) — HQ
- Radio Disney — broadcasting (7.3 miles)
- Live Nation Entertainment — entertainment services (10.7 miles)
This 39-unit property presents a value-add opportunity in a neighborhood demonstrating above-average safety metrics and proximity to major employment centers. Built in 1989, the asset offers renovation upside to capture growing rental demand supported by projected household growth of 39.3% through 2028. According to CRE market data from WDSuite, the area's 85th percentile national ranking for safety provides a competitive advantage for tenant attraction and retention.
Demographic trends within a 3-mile radius indicate income growth potential, with median household income projected to increase 35.8% to $135,118 by 2028. Elevated home values averaging $774,134 sustain rental demand as ownership remains less accessible. The 24% rental share provides a stable tenant base while limiting oversupply risk compared to higher-density rental markets.
- Strong safety profile ranking in top quartile nationally for crime metrics
- Value-add potential through unit renovations and property improvements
- Proximity to Disney, Avery Dennison headquarters supports employment stability
- Projected 45% rent growth and 36% income growth through 2028
- Risk consideration: neighborhood occupancy has declined 3.5% over five years