| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 51st | Fair |
| Amenities | 13th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7687 Foothill Blvd, Tujunga, CA, 91042, US |
| Region / Metro | Tujunga |
| Year of Construction | 1981 |
| Units | 54 |
| Transaction Date | 2003-06-13 |
| Transaction Price | $2,700,000 |
| Buyer | 4305 CENTINELA PARTNERS |
| Seller | FOOTHILL GARDENS LP |
7687 Foothill Blvd, Tujunga Multifamily Investment
Neighborhood occupancy remains resilient and near the metro median, supporting stable renter demand at this 54‑unit asset, according to WDSuite s CRE market data. Elevated ownership costs in Los Angeles County further reinforce reliance on multifamily rentals in Tujunga.
Situated in Tujunga within the Los Angeles-Long Beach-Glendale metro, the property benefits from neighborhood occupancy that sits above the metro median (ranked 718 out of 1,441 neighborhoods). For investors, that points to steady leasing conditions and comparatively lower downtime risk across the area his is a neighborhood indicator, not property-level occupancy.
Renter concentration in the neighborhood is roughly balanced with owner-occupied housing, indicating a broad tenant base without overreliance on any single cohort. Within a 3-mile radius, population has edged higher and households are projected to grow, expanding the renter pool and supporting occupancy stability over the medium term. Median household incomes in the 3-mile area are strong by regional standards, which can aid rent collections and renewal retention.
Local amenity density is mixed: grocery access is competitive nationally, while cafes, restaurants, parks, and pharmacies are thinner immediately nearby. Average school ratings trend below the national median, which may temper demand from some family renters, but workforce-oriented demand drivers and commute patterns can still sustain leasing for well-managed assets.
Home values in the neighborhood rank in a high national percentile, reflecting a high-cost ownership market. This dynamic typically sustains multifamily demand and can support pricing power, while the neighborhood s rent-to-income profile suggests moderate affordability pressure relative to many coastal peers helpful for lease retention and cash flow stability.
Neighborhood safety indicators compare favorably: based on national benchmarks, the area sits around the 80th percentile for safety, placing it in the top quartile nationally. Within the Los Angeles metro context, the neighborhood s crime ranking is toward the better end of the 1,441-neighborhood spectrum. These are area-level measures and not property-specific.
Recent trends show notable year-over-year declines in both property and violent offense estimates, according to CRE market data from WDSuite. While conditions can vary by block and over time, the directional improvement supports a more stable operating backdrop for multifamily ownership.
Nearby employers span telecom and media/entertainment corporate offices, supporting a steady commuter tenant base and helping drive retention through commute convenience. The list below reflects prominent names within a roughly 5 14 mile radius that align with local renter demand.
- Charter Communications telecom corporate offices (4.7 miles)
- Disney entertainment corporate offices (7.0 miles) HQ
- Avery Dennison manufacturing/packaging corporate offices (7.3 miles) HQ
- Radio Disney media corporate offices (7.6 miles)
- Live Nation Entertainment entertainment corporate offices (11.0 miles)
Built in 1981, the asset is newer than much of the area s housing stock (average vintage skews to the 1970s), offering a relative competitiveness edge versus older properties while still allowing for targeted system upgrades or modernization to enhance NOI. Neighborhood occupancy registers above the metro median and, paired with a high-cost ownership market, underpins durable renter demand. Within a 3-mile radius, population and household growth point to a larger tenant base over time, supporting leasing stability.
Contract rents in the neighborhood track high relative to many U.S. areas, yet rent-to-income levels suggest manageable affordability pressure for the tenant profile. According to commercial real estate analysis from WDSuite, the area s safety standing is top quartile nationally with improving year-over-year trends, contributing to a more predictable operating environment. Primary watch items include thinner near-term amenity density and below-median school ratings, which call for targeted marketing and resident-experience strategies.
- 1981 vintage offers competitive positioning vs. older stock, with clear value-add pathways through system updates and modernization.
- Neighborhood occupancy above the metro median supports leasing stability and reduces downtime risk (neighborhood-level indicator).
- High-cost ownership landscape reinforces reliance on rentals, aiding pricing power and renewal retention.
- 3-mile demographics point to population and household growth, expanding the renter pool over the medium term.
- Risks: thinner amenity density and below-median school ratings may narrow some demand segments; active management and targeted upgrades can mitigate.