| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 43rd | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 20936 Gresham St, Canoga Park, CA, 91304, US |
| Region / Metro | Canoga Park |
| Year of Construction | 1977 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
20936 Gresham St Canoga Park Multifamily Investment
This 30-unit property benefits from strong neighborhood-level occupancy at 97.2% and elevated home values that sustain rental demand, according to WDSuite's CRE market data.
This Canoga Park neighborhood demonstrates solid fundamentals for multifamily investment, ranking above metro median among 1,441 Los Angeles-area neighborhoods with strong housing metrics in the 83rd national percentile. The area maintains neighborhood-level occupancy of 97.2%, supported by a substantial renter concentration of 60.6% of housing units that are renter-occupied, indicating depth in the tenant base and sustained multifamily demand.
The property's 1977 construction year aligns closely with the neighborhood average of 1980, suggesting consistent building stock without immediate capital expenditure pressures. Home values averaging $681,657 in the 92nd national percentile create affordability barriers to ownership, reinforcing renter reliance on multifamily housing and supporting lease retention. Demographic data aggregated within a 3-mile radius shows modest population growth of 2.2% over five years, with household formation increasing 4.5%, expanding the renter pool and supporting occupancy stability.
The neighborhood offers strong amenity access with grocery stores and childcare facilities ranking in the 94th and 96th national percentiles respectively, enhancing tenant appeal and retention potential. Contract rents averaging $1,868 represent the 89th national percentile, while rent-to-income ratios indicate affordability pressure that requires careful lease management considerations. School ratings average 3.0 out of 5, ranking competitively among metro neighborhoods and supporting family tenant retention.
The neighborhood demonstrates favorable safety trends that support tenant retention and leasing stability. Crime metrics place the area in the 82nd national percentile for safety, ranking 186th among 1,441 Los Angeles metro neighborhoods. Property crime rates have declined significantly by 84.7% year-over-year, while violent crime has decreased 95.7%, indicating improving security conditions that enhance the area's appeal to prospective tenants.
These positive safety trends, combined with the neighborhood's urban core designation and strong amenity access, create a more attractive rental environment that can support occupancy retention and potentially reduce tenant turnover costs for property operators.
The surrounding area benefits from proximity to major corporate employers that provide workforce housing demand and commute convenience for tenants. Key employers include life sciences, insurance, and energy companies within reasonable commuting distance.
- Thermo Fisher Scientific — life sciences (2.2 miles)
- Farmers Insurance Exchange — insurance (3.2 miles) — HQ
- Thermo Fisher Scientific — life sciences (3.6 miles)
- Charter Communications — telecommunications (14.2 miles)
- Amerisourcebergen — healthcare distribution (14.4 miles)
This Canoga Park property presents a compelling investment case anchored by exceptional neighborhood-level occupancy of 97.2% and strong renter concentration of 60.6%, indicating stable demand fundamentals. The area's elevated home values in the 92nd national percentile sustain rental demand by limiting ownership accessibility, while demographic projections show household growth of 35.3% through 2028, expanding the potential tenant base significantly.
The 1977 construction vintage aligns with neighborhood norms, minimizing immediate capital expenditure needs while positioning the asset for potential value-add improvements. Based on CRE market data from WDSuite, the neighborhood ranks in the top quartile nationally for housing fundamentals and demonstrates improving safety trends with substantial crime reductions, creating favorable conditions for tenant retention and lease-up velocity.
- Strong occupancy stability with neighborhood-level rate of 97.2% and substantial renter concentration
- Elevated home values reinforce rental demand and support lease retention
- Projected 35.3% household growth through 2028 expands potential tenant base
- Improving safety trends with significant crime reductions enhance tenant appeal
- Risk consideration: High rent-to-income ratios require careful lease management and affordability monitoring