| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 34th | Fair |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 21611 Saticoy St, Canoga Park, CA, 91304, US |
| Region / Metro | Canoga Park |
| Year of Construction | 1997 |
| Units | 68 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
21611 Saticoy St Canoga Park Multifamily Investment
Neighborhood fundamentals indicate resilient renter demand and stable occupancy, based on CRE market data from WDSuite, supported by proximity to jobs and daily amenities. For investors, these dynamics suggest steady leasing and manageable turnover risk.
Set in Canoga Park within the Los Angeles-Long Beach-Glendale metro, the neighborhood shows durable multifamily drivers: occupancy benchmarks competitively and everyday convenience is strong. Grocery and restaurant access trend in the top quartile nationally, with pharmacies also well represented; parks and cafes are less dense, which is typical for Urban Core areas and leans toward convenience over destination recreation.
The property’s 1997 construction is newer than the neighborhood’s average vintage (1979). That relative age advantage can support leasing versus older stock, while investors should still plan for targeted modernization and system refreshes as part of long-term capital planning.
Within a 3-mile radius, demographics point to a stable tenant base: modest population growth alongside increasing household counts and a gradual reduction in average household size. This combination generally supports occupancy stability, as more households translate into a broader renter pool even when population growth is flat in the forecast period.
On relative positioning, occupancy ranks in the top quartile among 1,441 metro neighborhoods, and income performance per unit benchmarks favorably, according to WDSuite’s commercial real estate analysis. Elevated home values relative to incomes characterize a high-cost ownership market, which tends to sustain reliance on multifamily housing and can support pricing power and lease retention with prudent affordability management.
Safety indicators compare favorably at the national level, with the neighborhood placing in higher national percentiles for overall safety. Recent data also show year-over-year improvement in both property and violent offense rates, according to WDSuite’s CRE market data, which supports leasing confidence without implying block-level guarantees.
Relative to the Los Angeles-Long Beach-Glendale metro’s 1,441 neighborhoods, the area performs above the metro average, making it competitive among peer locations. Standard underwriting should still include recent incident reviews and consideration of lighting and access-control enhancements as part of ongoing operations.
Nearby employment anchors include Farmers Insurance Exchange, Thermo Fisher Scientific, Occidental Petroleum, Charter Communications, and AECOM. Their proximity supports a diverse commuter tenant base, aiding lease-up and retention.
- Farmers Insurance Exchange — corporate offices (1.6 miles) — HQ
- Thermo Fisher Scientific — corporate offices (1.7 miles)
- Occidental Petroleum — corporate offices (13.7 miles) — HQ
- Charter Communications — corporate offices (14.7 miles)
- AECOM — corporate offices (14.7 miles) — HQ
This 68-unit asset benefits from competitive neighborhood occupancy and a renter base reinforced by a high-cost ownership landscape. According to CRE market data from WDSuite, the area’s amenity access is strong where it matters for daily living (groceries, restaurants, pharmacies), which supports tenant retention and leasing stability. The 1997 vintage is newer than the neighborhood average, offering a relative edge versus older stock while still leaving room for targeted upgrades to enhance rent positioning.
Within a 3-mile radius, modest population growth, increasing household counts, and smaller average household sizes translate into a broader renter pool over time. These trends, combined with proximity to major employers, underpin demand; investors should still manage for rent-to-income pressures and underwrite selective capex to sustain competitiveness.
- Competitive neighborhood occupancy and strong daily-need amenities support leasing stability
- 1997 vintage offers a relative edge over older stock with targeted value-add potential
- Proximity to diversified corporate employers helps sustain a broad commuter tenant base
- Demographic trends within 3 miles point to a larger renter pool and support occupancy
- Risks: affordability pressures (rent-to-income), limited park/cafe density, and ongoing capex needs for modernization