| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 34th | Fair |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 21715 Lanark St, Canoga Park, CA, 91304, US |
| Region / Metro | Canoga Park |
| Year of Construction | 1975 |
| Units | 43 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
21715 Lanark St Canoga Park Multifamily Investment
Neighborhood fundamentals point to durable renter demand and high occupancy at the area level, according to WDSuite’s CRE market data. This positioning supports steady cash flow potential while leaving room to compete on operations rather than concessions.
Located in Canoga Park within the Los Angeles-Long Beach-Glendale metro, the neighborhood rates B and performs above the metro median on several investor-relevant measures. Neighborhood occupancy trends are competitive among Los Angeles-Long Beach-Glendale neighborhoods (out of 1,441 total) and sit in the top quartile nationally, a backdrop that typically supports leasing stability for nearby multifamily assets.
Daily-needs access is a local strength: grocery and pharmacy availability ranks in the upper national percentiles, while restaurant density is similarly strong. Parks and cafes are comparatively sparse, so on-site amenities can be a differentiator for resident retention.
Home values in the area are elevated versus national norms, which reinforces renter reliance on multifamily housing and can aid pricing power. At the same time, a higher rent-to-income ratio at the neighborhood level signals affordability pressure, suggesting that disciplined lease management and renewal strategies will matter for retention.
Vintage matters: the property’s 1975 construction is slightly older than the neighborhood average year built (ranked against 1,441 metro neighborhoods), pointing to potential value-add through unit renovations and systems modernization. For investors, this can create upside through targeted capex while remaining competitive against newer stock.
Within a 3-mile radius, demographics show modest population growth and a rising household count, alongside a majority share of housing units that are renter-occupied. Together, these trends expand the local tenant base and support occupancy stability for well-managed properties.
Safety indicators should be viewed in comparative and trend terms. According to WDSuite’s data, property offenses are in the top quartile nationally and violent offenses sit above the national median, suggesting relatively favorable positioning versus many neighborhoods nationwide. Recent year-over-year trends show sharp declines in both violent and property offense estimates, which, if sustained, can support renter sentiment and leasing.
Conditions can vary by block and over time; investors typically pair neighborhood-level statistics with property-level measures such as lighting, access control, and resident engagement to manage risk.
The area draws from a diversified employment base that supports renter demand and commute convenience, including life sciences, insurance, energy, telecom, and engineering firms listed below.
- Thermo Fisher Scientific — life sciences (1.3 miles)
- Farmers Insurance Exchange — insurance (2.2 miles) — HQ
- Occidental Petroleum — energy (14.2 miles) — HQ
- Charter Communications — telecom (14.8 miles)
- AECOM — engineering & infrastructure (15.3 miles) — HQ
21715 Lanark St offers investors leverage to a high-occupancy Los Angeles neighborhood with strong daily-needs access and elevated home values that sustain multifamily demand. Based on commercial real estate analysis from WDSuite, neighborhood occupancy trends sit in the top quartile nationally, supporting leasing stability, while a majority renter-occupied housing mix within a 3-mile radius deepens the tenant base.
Built in 1975, the asset is slightly older than nearby stock, pointing to a straightforward value-add path via interior upgrades and systems improvements. Demographic signals within 3 miles show modest population growth and an increase in households, which, combined with solid employer access, supports a larger renter pool. Affordability pressure at the neighborhood level suggests focusing on renewal management, unit mix strategy, and operational efficiency to sustain retention.
- High-occupancy neighborhood backdrop supports stable leasing, per WDSuite
- Elevated ownership costs reinforce renter reliance and pricing power
- 1975 vintage offers clear value-add via renovations and system upgrades
- 3-mile demographics indicate a growing household base and deeper renter pool
- Risk: affordability pressure and limited parks/cafes require sharp lease and amenity strategy