| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 34th | Fair |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 21910 Roscoe Blvd, Canoga Park, CA, 91304, US |
| Region / Metro | Canoga Park |
| Year of Construction | 1978 |
| Units | 40 |
| Transaction Date | 2011-09-08 |
| Transaction Price | $3,000,030 |
| Buyer | TOPANGA WESTSIDE LIMITED PARTNERSHIP |
| Seller | SAFA INVESTMENTS LLC |
21910 Roscoe Blvd, Canoga Park Multifamily Investment
High renter concentration and strong neighborhood occupancy support durable leasing at this Canoga Park asset, according to WDSuite’s CRE market data. Proximity to daily-needs amenities further underpins demand and resident retention potential.
The property sits in an Urban Core neighborhood in Los Angeles County with a B neighborhood rating and a rank of 680 among 1,441 metro neighborhoods, placing it above the metro median. Amenity access skews toward daily needs: neighborhood density of restaurants and grocery stores tracks in the top quartile nationally, while parks and cafes are relatively limited. For investors, this mix typically supports day‑to‑day convenience and leasing appeal even without destination retail.
Multifamily demand signals are constructive. Neighborhood occupancy is high (top quartile nationally), and the share of housing units that are renter-occupied is among the highest in the metro, indicating a deep tenant base and potential for stable absorption. Home values are elevated versus national norms, and value-to-income metrics rank near the top of U.S. neighborhoods—conditions that often sustain renter reliance on multifamily housing and can support pricing power.
Within a 3‑mile radius, demographics point to a larger tenant universe over time: population and household counts have trended upward and are projected to continue increasing, with average household size easing. Together, that suggests gradual renter pool expansion and supports occupancy stability. Median contract rents in the 3‑mile area have risen over recent years and are projected to climb further, per WDSuite, while a rent‑to‑income profile in the neighborhood signals some affordability pressure—an operational consideration for lease management rather than a demand weakness.
Operating fundamentals at the neighborhood level are competitive: net operating income per unit benchmarks sit in the top quartile nationally, and the neighborhood’s amenity rank (498 of 1,441) is competitive among Los Angeles‑area neighborhoods. Taken together—and grounded in multifamily property research—these dynamics frame a location with durable renter demand and supportive long‑term fundamentals.
Safety trends are mixed and should be contextualized. Compared with Los Angeles metro peers, the neighborhood’s crime rank (160 out of 1,441) indicates comparatively higher incident levels; however, on a national basis it sits in a stronger position, with safety metrics around the 83rd percentile versus neighborhoods nationwide. Recent WDSuite data also show notable year‑over‑year declines in both violent and property offense estimates, pointing to improving momentum rather than a deteriorating trend.
For investors, the takeaway is to underwrite to local norms and property‑level controls, while recognizing that broader comparisons place the area above national averages for safety and recent directionality has been favorable.
Nearby employment anchors span insurance, life sciences, energy, telecommunications, and engineering—diverse sectors that help sustain renter demand and support commute convenience for residents.
- Thermo Fisher Scientific — life sciences (1.2 miles)
- Farmers Insurance Exchange — insurance (2.36 miles) — HQ
- Occidental Petroleum — energy (14.39 miles) — HQ
- Charter Communications — telecommunications (14.97 miles)
- AECOM — engineering (15.45 miles) — HQ
This 40‑unit asset benefits from strong neighborhood occupancy (top quartile nationally) and one of the metro’s highest renter concentrations, supporting a durable tenant base and steady leasing. Elevated ownership costs locally further reinforce reliance on rental housing, while neighborhood NOI per unit benchmarks compare favorably at a national level. According to CRE market data from WDSuite, amenity access to daily needs is robust, which can aid retention and reduce turnover friction.
Within a 3‑mile radius, population and household growth—alongside a gradual reduction in average household size—point to renter pool expansion over the medium term. Operators should still account for affordability pressure signaled by neighborhood rent‑to‑income ratios, balancing pricing power with retention objectives.
- High neighborhood occupancy and deep renter base support leasing stability
- Elevated ownership costs sustain multifamily demand and potential pricing power
- Daily‑needs amenity density enhances convenience and resident retention
- 3‑mile population and household growth suggest a gradually expanding renter pool
- Risk: rent‑to‑income pressure warrants careful renewals and expense discipline