| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 34th | Fair |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 21450 Chase St, Canoga Park, CA, 91304, US |
| Region / Metro | Canoga Park |
| Year of Construction | 1977 |
| Units | 102 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
21450 Chase St Canoga Park Multifamily Investment
Neighborhood fundamentals point to durable renter demand and occupancy stability, according to WDSuite’s CRE market data. Focus centers on a high share of renter-occupied housing units and strong local services that support leasing resilience at the neighborhood level.
This Canoga Park address sits in an Urban Core neighborhood rated B, competitive among Los Angeles-Long Beach-Glendale metro neighborhoods (ranked 680 out of 1,441). At the neighborhood level, occupancy trends are strong — the area sits in the top quartile nationally — which supports income stability for multifamily assets. Note that these metrics describe the neighborhood, not the property.
Day-to-day convenience is a relative strength: grocery access and restaurant density both rank in the top national percentiles, and pharmacies track strong as well. Childcare availability also scores high, signaling family-serving infrastructure. By contrast, parks and cafes are limited within the immediate neighborhood, which may slightly temper lifestyle appeal compared to other Los Angeles submarkets.
Tenure patterns indicate depth in the renter pool: the neighborhood shows a very high share of renter-occupied housing units (top percentile metro-wide), implying a broad base of prospective tenants and potential retention tailwinds. Elevated home values and a high value-to-income ratio characterize a high-cost ownership market, which can reinforce reliance on multifamily rentals and support pricing power when managed carefully.
Within a 3-mile radius, recent trends show modest population growth alongside an increase in households and families, with projections pointing to more households and smaller average household sizes. For investors, this combination typically expands the renter base and supports leasing velocity, even if headline population levels flatten, because more, smaller households often translate into steady demand for rental units.
The property’s 1977 vintage is slightly older than the neighborhood’s average construction year (1979; ranked 384 out of 1,441), suggesting routine capital planning and potential value-add through targeted renovations to remain competitive against newer stock.
Rent levels in the neighborhood are above national medians, while the rent-to-income ratio indicates higher affordability pressure relative to many U.S. neighborhoods. For underwriting, this favors disciplined leasing strategy and tenant quality screening, but it also aligns with the area’s historically high occupancy performance.
Neighborhood safety indicators compare favorably to many areas nationwide: overall crime sits in a higher national safety percentile, with violent and property offense measures above national averages for safety. Importantly, year-over-year estimates point to notable improvement in both violent and property offenses at the neighborhood level. These are neighborhood trends, not block-level measures, and they should be paired with property-specific due diligence.
Nearby corporate employers anchor a diverse employment base that supports renter demand through commute convenience and professional services, including Thermo Fisher Scientific, Farmers Insurance Exchange, Occidental Petroleum, Charter Communications, and AECOM.
- Thermo Fisher Scientific — life sciences (1.6 miles)
- Farmers Insurance Exchange — insurance (2.7 miles) — HQ
- Occidental Petroleum — energy (14.4 miles) — HQ
- Charter Communications — telecommunications (14.6 miles)
- AECOM — engineering & consulting (15.5 miles) — HQ
21450 Chase St offers scale at 102 units in a neighborhood that demonstrates strong occupancy and a deep renter base. Based on commercial real estate analysis from WDSuite, the area’s high share of renter-occupied housing units and top-quartile national occupancy support income durability, while elevated ownership costs help sustain multifamily demand. The 1977 vintage suggests room for value-add and systems modernization to sharpen competitive positioning.
Within a 3-mile radius, households are increasing and average household size is trending lower, which often expands the renter pool and supports lease-up and retention even if population growth moderates. Rent levels are comparatively high, so affordability pressure warrants prudent lease management, but strong neighborhood convenience and employer access help underpin demand.
- Top-quartile neighborhood occupancy and deep renter base support revenue stability
- 1977 vintage presents value-add potential through targeted renovations and system upgrades
- High-cost ownership market reinforces reliance on rentals and pricing power
- Nearby employers and strong local services bolster tenant retention and leasing
- Risks: affordability pressure and limited parks/cafes call for disciplined leasing and amenity strategy