| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
21910 Roscoe Blvd Canoga Park Multifamily Investment
Neighboring blocks show high renter concentration and steady neighborhood occupancy, according to WDSuite’s CRE market data, pointing to durable leasing fundamentals for a 40-unit asset in Los Angeles County.
Situated in Canoga Park’s Urban Core, the property benefits from strong neighborhood usage patterns that support multifamily demand. Neighborhood occupancy remains elevated versus national benchmarks (measured for the neighborhood, not the property), and local rents sit above many U.S. submarkets. Restaurant and grocery access score in the upper national percentiles, while parks and cafes are less dense nearby, indicating day-to-day convenience with fewer recreational green spaces.
Within a 3-mile radius, demographics show a large and diverse resident base with gradual population growth and an increase in households, expanding the potential renter pool. Household sizes have edged down, which can add depth to renter demand for smaller formats and support occupancy stability over time.
Tenure patterns are favorable for multifamily: the immediate neighborhood reflects a high renter concentration compared with national norms, and within a 3-mile radius an estimated majority of housing units are renter-occupied. This mix suggests a broad tenant base and consistent leasing velocity, while elevated ownership costs in the area reinforce reliance on rental housing and may support pricing power with disciplined lease management.
Amenity context for investors: grocery access ranks competitively among Los Angeles–Long Beach–Glendale neighborhoods (out of 1,441) and is top-tier nationally, pharmacies are plentiful, and childcare density is strong. These features, combined with above-median neighborhood ratings, position the location as competitive among Los Angeles neighborhoods and top quartile nationally on several livability indicators, based on commercial real estate analysis from WDSuite.
Safety signals are mixed but improving. Relative to neighborhoods nationwide, the area rates in stronger percentiles for overall safety, indicating better-than-average conditions; however, within the Los Angeles–Long Beach–Glendale metro it ranks 160 out of 1,441 neighborhoods on reported crime, meaning incidents are higher than many local peers.
Recent trend data indicates sharp one-year declines in both property and violent offense estimates, according to WDSuite’s CRE datasets. For underwriting, this suggests near-term stability but warrants continued monitoring at the neighborhood level rather than block-by-block assumptions.
Proximity to major employers supports a large commuter renter base and helps stabilize demand, led by life sciences, insurance, energy, media, and engineering offices noted below.
- Thermo Fisher Scientific — life sciences (1.2 miles)
- Farmers Insurance Exchange — insurance (2.4 miles) — HQ
- Occidental Petroleum — energy (14.4 miles) — HQ
- Charter Communications — telecommunications (15.0 miles)
- AECOM — engineering & infrastructure (15.5 miles) — HQ
This 40-unit asset is positioned in a renter-weighted pocket of Los Angeles County where neighborhood occupancy is strong and day-to-day amenities (restaurants, groceries, pharmacies) are abundant. Elevated ownership costs locally help sustain reliance on multifamily, reinforcing demand depth and lease retention. Vintage 1978 suggests scope for targeted value-add and capital planning to enhance competitiveness against newer stock.
Demographic trends within a 3-mile radius point to a stable population, an increase in households, and rising incomes, indicating a broader tenant base and support for rent growth with careful affordability management. According to CRE market data from WDSuite, the neighborhood ranks competitively in the metro on housing fundamentals and nationally on amenity access, while safety trends have improved year-over-year—warranting monitoring but supporting a constructive long-term view.
- High neighborhood occupancy and strong renter concentration support leasing stability
- Amenity-rich corridor (restaurants, groceries, pharmacies) underpins resident convenience and retention
- 1978 vintage offers value-add potential through strategic renovations and systems upgrades
- Growing household counts and rising incomes within 3 miles expand the tenant base
- Risks: affordability pressure and crime levels above some metro peers call for prudent lease and expense management