| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Poor |
| Demographics | 80th | Best |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4803 El Canon Ave, Calabasas, CA, 91302, US |
| Region / Metro | Calabasas |
| Year of Construction | 2011 |
| Units | 75 |
| Transaction Date | 2006-02-27 |
| Transaction Price | $2,900,000 |
| Buyer | SAFRAN THOMAS L |
| Seller | FARMER BETTY JEANNE |
4803 El Canon Ave Calabasas Multifamily Opportunity
Positioned in a high-income, ownership-heavy pocket of Calabasas, the asset benefits from renter demand supported by elevated home values and steady neighborhood occupancy, according to WDSuite’s CRE market data.
Calabasas is a suburban Los Angeles submarket where neighborhood metrics point to durable renter demand and strong spending power. Elevated home values rank among the highest nationally, which tends to sustain reliance on multifamily housing and supports pricing power for well-located assets. Median household incomes for the neighborhood sit in the upper tier nationally, while rent-to-income readings indicate comparatively manageable lease levels that can aid retention.
Amenity access is competitive among Los Angeles neighborhoods (304th of 1,441 overall), with cafes and restaurants especially dense relative to national benchmarks. Parks, grocery, and pharmacy access track above national medians, adding everyday convenience that supports resident satisfaction and leasing stability.
Within a 3-mile radius, demographics signal a sizable and affluent renter pool: population and household counts have grown in recent years, and forecasts call for additional gains in households, expanding the tenant base. The 3-mile area skews family-oriented with a balanced age mix, which can translate into steadier tenancy and lower turnover for practical floor plans.
Vintage matters for competitive positioning: the property’s 2011 construction is newer than the neighborhood’s average vintage (late 1970s). This typically reduces near-term capital expenditure needs and improves leasing appeal versus older stock, while still leaving room for targeted modernization to sharpen unit differentiation.
Tenure patterns indicate a predominantly owner-occupied landscape in the 3-mile radius, with roughly three in ten housing units renter-occupied. For investors, that signals a defined but discerning renter cohort whose demand is reinforced by a high-cost ownership market—favorable for occupancy stability in quality multifamily product.
Neighborhood safety metrics benchmark below national safety percentiles, indicating higher-than-average reported offense rates compared with many U.S. neighborhoods. However, recent data from WDSuite shows property offenses have trended down year over year, suggesting conditions have been improving.
Within the Los Angeles metro context (1,441 neighborhoods), the area performs mid-pack on overall neighborhood quality, so investors should underwrite prudent security, lighting, and access controls and monitor local trends rather than assume block-level uniformity.
Proximity to established corporate employers underpins white-collar renter demand and commute convenience, with insurance, life sciences, and energy among the strongest nearby anchors.
- Farmers Insurance Exchange — insurance (2.9 miles) — HQ
- Thermo Fisher Scientific — life sciences offices (2.9 miles)
- Occidental Petroleum — energy corporate offices (13.0 miles) — HQ
- Abbott Laboratories — healthcare products (13.9 miles) — HQ
- Activision Blizzard — interactive entertainment (14.2 miles) — HQ
4803 El Canon Ave offers scale for Calabasas (approximately 75 units) and a 2011 vintage that is competitive against older neighborhood stock. The surrounding neighborhood posts upper-tier incomes and elevated home values that reinforce multifamily demand, while neighborhood occupancy trends sit near metro norms. Based on commercial real estate analysis from WDSuite, amenity access compares favorably within the metro, supporting resident lifestyle and leasing durability.
Investor focus points include leveraging newer construction to limit near-term CapEx while pursuing selective upgrades to capture premium rents, and aligning leasing strategy to an affluent but discerning renter base. Underwriting should account for mid-pack metro positioning and safety metrics that, while improving, remain below national safety percentiles.
- 2011 construction enhances competitive positioning versus older neighborhood stock and can temper near-term capital needs.
- High-cost ownership market supports renter reliance and pricing power for quality multifamily assets.
- Amenity-rich setting with strong corporate nodes nearby supports leasing and retention.
- Expanding household counts within 3 miles point to a growing tenant base over the medium term.
- Risks: below-national safety percentiles and mid-pack metro ranking warrant prudent underwriting and active asset management.