| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 66th | Good |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 21734 Septo St, Chatsworth, CA, 91311, US |
| Region / Metro | Chatsworth |
| Year of Construction | 1977 |
| Units | 24 |
| Transaction Date | 2020-07-27 |
| Transaction Price | $26,400,000 |
| Buyer | CHATSWORTH 101 LLC |
| Seller | J E M S CORP |
21734 Septo St, Chatsworth CA Multifamily Investment
Neighborhood fundamentals point to durable renter demand and high occupancy, based on CRE market data from WDSuite for Chatsworth within the Los Angeles metro.
Chatsworth’s neighborhood rating of A- and a rank of 315 among 1,441 Los Angeles metro neighborhoods places it in the top quartile locally, signaling balanced livability with investor-friendly dynamics. According to WDSuite’s CRE market data, neighborhood occupancy is elevated and stable, supporting income resilience even as conditions normalize across the metro.
Daily needs are well served: grocery and restaurant density sit in high national percentiles, while pharmacies are also accessible. Cafés and parks are comparatively limited, so lifestyle appeal relies more on retail and services than green space. Average school ratings are strong (top quartile nationally), which can enhance lease retention for family renters.
Multifamily demand is underpinned by a moderate renter-occupied share of housing units (around the mid-to-upper range for the region), indicating a sizable tenant base without excessive turnover risk. Elevated home values in the area create a high-cost ownership market, which generally sustains reliance on rental options and can support pricing power, while the rent-to-income profile suggests manageable affordability pressure conducive to retention.
Demographic statistics aggregated within a 3-mile radius show recent population and household growth, with households projected to expand further by 2028. This points to a larger tenant base over time and supports leasing stability, particularly for well-managed properties positioned near services and employment.
Safety indicators present a mixed but improving picture. The neighborhood ranks 21st out of 1,441 Los Angeles metro neighborhoods on crime, indicating higher crime relative to many local peers. However, nationally it compares favorably, with safety percentiles that place the area among stronger-performing neighborhoods across the country.
Recent trend data from WDSuite show sharp year-over-year declines in both violent and property offense estimates, an encouraging directional signal for investors monitoring operating risk and tenant retention. As always, block-level conditions vary; underwriting should consider property-specific security measures and management practices alongside neighborhood trends.
Proximity to diversified employers supports a stable renter pool, with commutes to life sciences, insurance, pharmaceuticals distribution, and energy and entertainment headquarters helping demand and lease retention.
- Thermo Fisher Scientific — life sciences (2.5 miles)
- Farmers Insurance Exchange — insurance (4.5 miles) — HQ
- AmerisourceBergen — pharmaceutical distribution (13.1 miles)
- Occidental Petroleum — energy (16.1 miles) — HQ
- Live Nation Entertainment — entertainment (16.9 miles) — HQ
This 24-unit asset sits in a Los Angeles metro neighborhood with high occupancy, solid household incomes, and strong school scores, supporting steady renter demand. Elevated local home values sustain reliance on rental housing, while a moderate rent-to-income profile helps with lease retention. According to CRE market data from WDSuite, neighborhood occupancy trends remain above many U.S. areas, and demographic growth within a 3-mile radius expands the potential tenant base through 2028.
Operationally, the location benefits from access to diversified employers across life sciences, insurance, pharmaceuticals distribution, energy, and entertainment. Investors should plan for competitive positioning through ongoing interior and system updates to stand out versus newer stock, but the combination of demand depth and amenity access supports durable income.
- High neighborhood occupancy and top-quartile local ranking support income stability
- Strong household incomes and high-cost ownership context reinforce rental demand
- Expanding 3-mile household base points to a larger tenant pool over the next several years
- Diverse nearby employers aid leasing velocity and retention
- Risk: competitive pressure from newer assets and local crime positioning within the metro require proactive management and capex planning