| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 36th | Fair |
| Amenities | 66th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7000 Vassar Ave, Canoga Park, CA, 91303, US |
| Region / Metro | Canoga Park |
| Year of Construction | 1988 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7000 Vassar Ave Canoga Park Multifamily Investment
Renter-occupied housing is prevalent in this urban-core pocket, supporting depth of tenant demand and steady leasing, according to WDSuite’s CRE market data. Amenity density and proximity to major employers further reinforce occupancy stability relative to comparable Los Angeles neighborhoods.
The neighborhood carries a B+ rating and ranks 451 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods, making it competitive within the metro. Amenity access is a clear strength: grocery, restaurants, cafes, and pharmacies all index in the upper national percentiles, which typically supports resident retention and day-to-day convenience for renters.
The area skews renter-heavy, with a high share of renter-occupied units at the neighborhood level, indicating a deep tenant base and consistent multifamily demand. Median home values are elevated versus national norms, which often sustains reliance on rental housing and can aid pricing power when managed alongside income trends and renewal strategies.
From a livability standpoint, nearby parks are limited relative to other neighborhoods, and average school ratings trail national medians. Investors should underwrite accordingly—positioning amenities, security, and unit upgrades can help offset softer school perceptions and support leasing to households prioritizing convenience and commute access.
Construction in the immediate area skews older than this asset; the property’s 1988 vintage is newer than the neighborhood average. That positioning can be a competitive advantage against 1970s-era stock while still warranting targeted modernization of interiors and building systems for durability and rent lift.
Demographics within a 3-mile radius show modest population and household growth historically, with forecasts indicating further increases in households alongside slightly smaller average household size. For multifamily investors, that points to a gradually expanding renter pool and support for occupancy, provided affordability and product quality are managed with discipline.
Safety trends are comparatively favorable for the area: neighborhood-level indicators sit above the national median, placing the location in the stronger half of communities nationwide. Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), this translates to competitive standing rather than a top-tier outlier.
Recent year-over-year data show notable declines in both violent and property offense rates, which is a positive directional signal for investor risk assessment. As always, underwriting should reflect property-level measures and block-by-block variation, but the multi-year trendline supports stable operations relative to similar urban-core submarkets.
Proximity to established employers underpins workforce housing demand and commute convenience, led by insurance, life sciences, engineering, and entertainment corporate offices that help support leasing and retention.
- Farmers Insurance Exchange — insurance (0.85 miles) — HQ
- Thermo Fisher Scientific — life sciences (1.42 miles)
- Occidental Petroleum — energy (13.24 miles) — HQ
- AECOM — engineering & infrastructure (14.38 miles) — HQ
- Live Nation Entertainment — media & entertainment (14.53 miles) — HQ
7000 Vassar Ave is a 39-unit asset positioned in an amenity-dense, renter-oriented pocket of Canoga Park. Neighborhood occupancy is solid, and elevated ownership costs locally tend to sustain rental reliance, supporting consistent tenant demand and renewal potential. The 1988 vintage is newer than the area’s typical 1970s stock, offering relative competitiveness with practical value-add upside through selective renovations and system updates.
According to CRE market data from WDSuite, the neighborhood’s income performance and NOI per-unit profile sit in stronger national percentiles, and recent safety indicators have improved year over year—both constructive for underwriting. Forward-looking 3-mile demographics point to incremental population and household growth with slightly smaller household sizes, implying gradual renter pool expansion and support for occupancy, with lease management focused on affordability and retention.
- Amenity-rich, urban-core location with strong renter concentration supporting demand depth
- 1988 vintage competes well versus older local stock; targeted upgrades can drive rent lift
- Proximity to major employers aids leasing velocity and resident retention
- Neighborhood performance metrics trend above national medians, per WDSuite
- Risks: limited park access, below-average school ratings, and affordability pressure require disciplined operations