| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 76th | Best |
| Amenities | 50th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5307 Colodny Dr, Agoura Hills, CA, 91301, US |
| Region / Metro | Agoura Hills |
| Year of Construction | 1987 |
| Units | 24 |
| Transaction Date | 2014-01-14 |
| Transaction Price | $5,200,000 |
| Buyer | STEIN TETON LLC |
| Seller | LOREN PROPERTIES LLC |
5307 Colodny Dr, Agoura Hills Multifamily Investment
Positioned in a high-cost ownership pocket of Agoura Hills, this 24-unit asset caters to renters seeking larger suburban floor plans and commute access. Neighborhood fundamentals show resilient renter demand and competitive household incomes, according to WDSuite’s CRE market data.
Agoura Hills’ suburban setting supports family-oriented renters with strong schools and parks relative to national benchmarks. The neighborhood’s average school rating sits in the top quartile nationally, and park access is similarly strong. Grocery access is above average, while cafes and pharmacies are less dense, reinforcing a quieter residential profile. These are neighborhood-level dynamics, not property-specific amenities.
Home values in the neighborhood are elevated compared with most U.S. areas, which tends to keep many households in the rental market and supports lease retention at quality assets. At the same time, neighborhood rent-to-income metrics imply manageable affordability pressure for local renters, which can aid collections and renewal rates in well-run properties.
On tenure, roughly one-third of neighborhood housing units are renter-occupied, indicating an owner-weighted area with a defined but selective renter base. For multifamily, this suggests depth for larger-format units and potential stability from longer-staying households, especially where schools and parks are draws.
Relative to the Los Angeles-Long Beach-Glendale metro, several indicators are competitive: the neighborhood earns a B+ rating and ranks above the metro median overall (381 out of 1,441 neighborhoods). However, neighborhood occupancy is below the metro median (ranked 1,302 of 1,441), making leasing strategy and asset positioning important. Average construction vintage in the area skews older than this property, which can enhance competitive positioning for assets with thoughtful updates.
Safety trends should be viewed comparatively across the metro rather than block-by-block. The neighborhood’s crime rank sits at 1,082 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods, indicating higher reported incidents than many parts of the metro. Nationally, the area falls below the median for safety, though recent data show a one-year decline in property offenses, which is a constructive trend. Investors should underwrite routine security measures and resident experience programs consistent with suburban Los Angeles assets.
Nearby corporate nodes in biotechnology, insurance, and entertainment provide a diversified white-collar employment base that supports renter demand and retention. The bullets below highlight major employers within commuting range that align with the neighborhood’s renter profile.
- Thermo Fisher Scientific — life sciences (8.4 miles)
- Farmers Insurance Exchange — insurance services (8.4 miles) — HQ
- Amgen — biotechnology (10.7 miles) — HQ
- Abbott Laboratories — medical devices & diagnostics (17.8 miles) — HQ
- Occidental Petroleum — energy (18.1 miles) — HQ
Built in 1987, the property is newer than much of the surrounding stock, offering a competitive edge versus older inventory while still benefiting from targeted modernization or common-area upgrades. The neighborhood combines high household incomes and elevated ownership costs, which can reinforce reliance on quality rentals and support pricing power at stabilized properties. According to CRE market data from WDSuite, neighborhood occupancy trends sit below the metro median, so effective leasing and amenity positioning will be important to capture demand.
Within a 3-mile radius, households are projected to increase through 2028 alongside a slight decrease in average household size. This points to a broader tenant base and supports multifamily demand for larger floor plans like those typical in suburban Los Angeles County. Strong parks and school positioning relative to national benchmarks further supports family-oriented renter demand, while proximity to diversified employers adds weekday stability.
- 1987 vintage offers relative competitiveness versus older neighborhood stock, with potential value-add via modernization.
- High-cost ownership market and strong incomes support rental demand depth and potential pricing power.
- 3-mile household growth and smaller household sizes expand the renter pool, supporting occupancy stability.
- Proximity to life sciences, insurance, and energy headquarters underpins weekday demand and retention.
- Risk: neighborhood occupancy ranks below the metro median (1,302 of 1,441), requiring disciplined leasing and asset positioning.