| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 34th | Fair |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 21431 Saticoy St, Canoga Park, CA, 91304, US |
| Region / Metro | Canoga Park |
| Year of Construction | 1975 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
21431 Saticoy St, Canoga Park Multifamily Investment
Neighborhood occupancy is elevated with a deep renter base, according to WDSuite’s CRE market data, supporting durable leasing fundamentals in Los Angeles’ Urban Core.
The property sits in a Canoga Park neighborhood rated B that is competitive among Los Angeles-Long Beach-Glendale neighborhoods, with neighborhood occupancy in the top quartile nationally. Amenity access is mixed: grocery and restaurant density track near the 97th national percentile, while parks and cafes are limited, suggesting daily needs are convenient but open-space and third-place options are thinner.
Renter-occupied housing accounts for a very high share of units in the neighborhood (83%+), indicating a deep tenant base and potential demand stability for multifamily assets. At the same time, the rent-to-income profile signals some affordability pressure locally, which argues for disciplined renewal strategies and attention to lease management to protect retention.
Within a 3-mile radius, demographics show modest population growth over the past five years and an increase in households, expanding the local renter pool. Forward-looking data points to more households even as average household size trends lower, which can support multifamily absorption and occupancy stability.
Home values are elevated relative to local incomes and rank high on a national basis, reinforcing renter reliance on multifamily housing rather than ownership. According to CRE market data from WDSuite, neighborhood-level NOI per unit and occupancy rank above national medians, consistent with steady renter demand in this pocket of the San Fernando Valley.
Safety indicators are mixed in a useful way for investors. Relative to the Los Angeles metro, the neighborhood’s crime rank is 160 out of 1,441, indicating higher incident rates compared with many local peers. Nationally, however, the area compares favorably, sitting around the 83rd percentile for safety versus neighborhoods nationwide.
Recent trend data from WDSuite shows sharp year-over-year declines in both property and violent offense estimates, which, if sustained, would be a constructive signal for renter sentiment and leasing stability. As always, investors should underwrite to current conditions and monitor submarket trends rather than block-level assumptions.
Proximity to established employers supports a broad workforce tenant base and commute convenience. Notable nearby anchors include Farmers Insurance, Thermo Fisher Scientific, Occidental Petroleum, Charter Communications, and AECOM.
- Farmers Insurance Exchange — insurance (1.62 miles) — HQ
- Thermo Fisher Scientific — life sciences (1.76 miles)
- Occidental Petroleum — energy (13.58 miles) — HQ
- Charter Communications — telecommunications (14.56 miles)
- AECOM — engineering & infrastructure (14.66 miles) — HQ
21431 Saticoy St was built in 1975, slightly older than the neighborhood’s average stock, creating potential value-add and capital planning opportunities to modernize finishes and systems while competing effectively against newer assets. Neighborhood fundamentals are supportive: occupancy is high, renter concentration is deep, and elevated ownership costs in Los Angeles bolster reliance on multifamily rentals. According to commercial real estate analysis from WDSuite, the surrounding neighborhood also posts above-median NOI-per-unit and occupancy versus U.S. peers, aligning with a stable leasing backdrop.
Within a 3-mile radius, recent growth in households and modest population gains expand the tenant base, and projections indicate further household increases alongside smaller average household sizes—conditions that can support absorption and occupancy stability. Investors should balance these drivers with measured pricing and renewal strategies given local rent-to-income dynamics.
- High neighborhood occupancy and deep renter-occupied housing share support stable leasing
- 1975 vintage offers value-add and systems modernization upside versus newer competitive stock
- Elevated ownership costs in Los Angeles reinforce multifamily demand and retention
- 3-mile household growth and smaller household sizes expand the renter pool and support absorption
- Risk: rent-to-income pressure argues for disciplined pricing and renewal management