| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 54th | Good |
| Amenities | 58th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6737 De Soto Ave, Canoga Park, CA, 91303, US |
| Region / Metro | Canoga Park |
| Year of Construction | 2005 |
| Units | 27 |
| Transaction Date | 2017-08-01 |
| Transaction Price | $11,500,000 |
| Buyer | Warner Center Townhomes LLC |
| Seller | Warner Center Townhomes Lp |
6737 De Soto Ave Canoga Park Multifamily Investment
2005-vintage asset in a renter-heavy Los Angeles neighborhood where occupancy is strong at the neighborhood level, supporting income durability according to WDSuite’s CRE market data. This location favors stable renter demand and pricing discipline, based on balanced commercial real estate analysis of local fundamentals.
The surrounding neighborhood rates B+ and ranks 491 out of 1,441 Los Angeles–Long Beach–Glendale metro neighborhoods, indicating competitive positioning among urban-core locations. Neighborhood occupancy is 95.5% (neighborhood-level, not the property), suggesting steady leasing conditions that can support income consistency through cycles.
Renter-occupied share is high, with 64.7% of housing units renter-occupied, pointing to a deep tenant base for multifamily demand. Within a 3-mile radius, household counts have trended up and are projected to expand further even as average household size edges lower, which typically broadens the renter pool and supports occupancy stability for well-located buildings.
Amenity access is mixed: grocery, pharmacy, and restaurant density score in the mid-80s percentiles nationally, while parks and cafes are sparse locally. For investors, this creates a profile where daily needs are convenient, though lifestyle-oriented open space and coffee options are thinner—an opportunity to compete on-site with resident amenities.
Home values in the neighborhood are elevated (96th percentile nationally) relative to incomes, a high-cost ownership market dynamic that generally sustains reliance on rental housing and can aid lease retention. At the same time, neighborhood rent-to-income levels are comparatively manageable, which can reduce affordability pressure and support renewal rates. Additionally, average NOI per unit ranks in the top decile nationally, underscoring solid income performance among comparable multifamily assets, based on CRE market data from WDSuite.
Vintage context: the property’s 2005 construction is newer than the neighborhood’s older housing stock (average 1968). Newer vintage typically enhances competitive positioning versus legacy product, though investors should plan for periodic system updates and potential modernization to maintain rent competitiveness.
Neighborhood safety trends compare favorably in a national context, with overall conditions aligning to roughly the top quartile nationwide according to WDSuite. Recent estimates indicate substantial year-over-year declines in both property and violent offenses, which, if sustained, can support renter retention and reduce operational disruptions. These are neighborhood-level trends and not block-specific conditions.
Within the Los Angeles–Long Beach–Glendale metro (1,441 neighborhoods total), the area performs competitively relative to peers, and the national safety percentile sits well above average. Investors should still underwrite standard security measures and monitor submarket trends over time.
Proximity to a diversified employment base supports renter demand and commute convenience, including insurance, life sciences, and energy/engineering employers listed below.
- Farmers Insurance Exchange — insurance (0.95 miles) — HQ
- Thermo Fisher Scientific — life sciences (1.05 miles)
- Thermo Fisher Scientific — life sciences (2.84 miles)
- Occidental Petroleum — energy (12.42 miles) — HQ
- AECOM — engineering & infrastructure (13.52 miles) — HQ
6737 De Soto Ave offers newer-vintage construction (2005) in an urban-core Los Angeles neighborhood with strong renter concentration and high neighborhood occupancy. Elevated ownership costs in the area tend to reinforce multifamily demand, while neighborhood rent-to-income levels suggest manageable affordability pressure that can support retention. According to CRE market data from WDSuite, neighborhood NOI per unit sits in the upper decile nationally, and daily-needs amenities are convenient even as parks and cafes remain limited.
Within a 3-mile radius, household counts have increased and are projected to rise further as average household size trends lower—typically expanding the renter pool and supporting occupancy stability. The newer vintage relative to local stock gives the asset a competitive edge versus older properties, with predictable capital planning around mid-life building systems and targeted modernization to sustain rent competitiveness.
- Newer 2005 vintage versus older neighborhood stock supports competitive positioning and rentability.
- High neighborhood occupancy and a renter-heavy housing base underpin leasing stability.
- Elevated ownership costs reinforce rental demand and can aid renewal rates.
- Household growth within 3 miles and smaller average household size expand the renter pool.
- Risks: limited parks/cafes locally and evolving population trends warrant conservative underwriting and ongoing asset enhancements.