| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 36th | Fair |
| Amenities | 66th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7037 Alabama Ave, Canoga Park, CA, 91303, US |
| Region / Metro | Canoga Park |
| Year of Construction | 1990 |
| Units | 20 |
| Transaction Date | 2008-03-11 |
| Transaction Price | $2,850,000 |
| Buyer | 14630 BLYTHE STREET LLC |
| Seller | MANOKA PROPERTIES LLC |
7037 Alabama Ave Canoga Park Multifamily Investment
Neighborhood occupancy sits above the national median with a deep renter-occupied base, supporting demand durability according to WDSuite s CRE market data. Elevated ownership costs in Los Angeles County further sustain renter reliance on multifamily housing in this pocket of Canoga Park.
Canoga Park s Urban Core setting offers everyday convenience that supports renter retention: grocery access and daily-needs retail are among the stronger concentrations nationally, with abundant restaurants and childcare nearby. Park access is limited in the immediate area, so outdoor recreation may rely more on regional options rather than walk-to green space.
For investors, the neighborhood exhibits above-median occupancy nationally alongside a very high share of renter-occupied housing units, indicating a sizable tenant base and generally steady leasing conditions at the neighborhood level. Median contract rents are higher than the U.S. median, which can translate to pricing power when paired with product quality and asset management.
Home values sit at the higher end compared with many U.S. neighborhoods, a high-cost ownership backdrop that tends to reinforce multifamily demand and lease retention. At the same time, a higher rent-to-income environment signals affordability pressure to monitor, suggesting attention to renewal strategies and unit mix can help sustain occupancy.
Demographic statistics within a 3-mile radius point to modest population growth and an increase in households with slightly smaller average household size over time factors that typically expand the renter pool and support occupancy stability. The property s 1990 construction is newer than the neighborhood s average vintage, providing relative competitiveness versus older stock while still warranting standard capital planning for building systems and potential value-add interior updates.
Neighborhood safety indicators benchmark favorably in national comparisons, landing in the top quartile nationally. Recent data also shows meaningful year-over-year declines in both property and violent offense estimates, pointing to improving trends rather than deterioration. As always, conditions vary by block and over time; investors should pair these directional signals with on-the-ground diligence and owner/manager reports for the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods).
Nearby employers span insurance, life sciences, energy, engineering, and entertainment a diversified employment base that supports renter demand and commute convenience for workforce tenants.
- Farmers Insurance Exchange insurance (0.93 miles) HQ
- Thermo Fisher Scientific life sciences (1.40 miles)
- Occidental Petroleum energy (13.09 miles) HQ
- AECOM engineering & infrastructure (14.21 miles) HQ
- Live Nation Entertainment entertainment (14.34 miles) HQ
7037 Alabama Ave is a 20-unit asset positioned in a renter-heavy pocket of Canoga Park with occupancy above the national median and strong day-to-day amenity access. According to CRE market data from WDSuite, the surrounding neighborhood shows high renter concentration and higher-than-U.S.-median asking rents a combination that supports demand depth and potential pricing power when quality and operations are aligned. The 1990 vintage is newer than the local average, offering relative competitiveness versus older stock while leaving room for value-add upgrades and system modernization as part of long-term capital planning.
Within a 3-mile radius, population and household counts have grown modestly and are projected to continue, with smaller household sizes indicating a larger number of renting households over time. Elevated for-sale housing values in this part of Los Angeles County reinforce reliance on multifamily housing, though higher rent-to-income ratios warrant close attention to renewal strategies and unit-level affordability to protect occupancy and retention.
- Renter-occupied concentration supports a deep tenant base and leasing stability
- Above-median national occupancy with strong retail/amenity access nearby
- 1990 construction offers competitive positioning with value-add and modernization potential
- High-cost ownership market supports multifamily demand and retention
- Risk: higher rent-to-income ratios and limited immediate park access require careful lease and amenity strategy