| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 35th | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7233 Loma Verde Ave, Canoga Park, CA, 91303, US |
| Region / Metro | Canoga Park |
| Year of Construction | 1988 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7233 Loma Verde Ave Canoga Park Multifamily Opportunity
Neighborhood occupancy remains high with steady renter demand, and elevated ownership costs in Los Angeles County support reliance on rentals, according to WDSuite’s CRE market data.
The property sits in an Urban Core neighborhood of the Los Angeles-Long Beach-Glendale metro with a B- rating. Local fundamentals lean investor-friendly: neighborhood occupancy is strong and restaurants are abundant (top quartile nationally), while grocery and pharmacy access track above national averages. Cafe density and formal park access are thinner, a consideration for lifestyle positioning, yet the broader amenity mix ranks above the metro median among 1,441 neighborhoods.
Renter-occupied housing comprises just over half of units within a 3-mile radius, indicating a deep tenant base for multifamily. Median contract rents in the immediate neighborhood trend above national norms, and rent-to-income levels suggest manageable retention risk relative to many coastal submarkets. Elevated home values and a high value-to-income ratio in the neighborhood indicate a high-cost ownership market that can sustain rental demand and support pricing power when managed carefully.
Within a 3-mile radius, WDSuite data shows modest population growth in recent years alongside an increase in households and a slight reduction in average household size—patterns that typically expand the renter pool and support occupancy stability. Forward-looking metrics point to continued household gains even if population growth softens, implying ongoing demand for well-located units and steady leasing velocity.
School ratings in the neighborhood are below national averages, which may influence the resident mix and marketing strategy toward adult and workforce renters. Construction vintage in the area is similar to late-1980s stock, suggesting competitive positioning versus comparable assets, with selective modernization often used to differentiate.
Safety indicators compare favorably at the national level, with the neighborhood performing in the top quartile nationwide. Relative to Los Angeles-Long Beach-Glendale, it is competitive among metro neighborhoods, and year-over-year estimates indicate notable declines in both violent and property offenses. For investors, this supports resident retention and leasing stability while still warranting standard property-level security practices.
- Farmers Insurance Exchange — insurance (1.37 miles) — HQ
- Thermo Fisher Scientific — life sciences (1.64 miles)
- Thermo Fisher Scientific — life sciences (2.42 miles)
- Occidental Petroleum — energy (12.92 miles) — HQ
- AECOM — engineering & infrastructure (13.99 miles) — HQ
Proximity to insurance, life sciences, energy, and engineering corporate offices provides a broad white-collar employment base that can support renter demand, commute convenience, and retention aligned with workforce housing needs.
For a 30-unit asset in Canoga Park, the neighborhood’s high occupancy and deep renter base underpin steady demand. Elevated ownership costs locally tend to reinforce reliance on multifamily, while rent-to-income dynamics indicate manageable retention risk compared to many coastal markets. According to CRE market data from WDSuite, amenity access is stronger for daily needs (grocery, pharmacy) and dining, which supports leasing, even as parks and cafes are less dense.
Within a 3-mile radius, households have increased and average household size has edged lower, which typically expands the renter pool and supports occupancy stability. Forward-looking trends suggest continued household growth even if population growth moderates, pointing to durable tenant demand. Key considerations include below-average school ratings and selective amenity gaps, which can be addressed through targeted positioning, property-level upgrades, and service quality to sustain pricing power.
- High neighborhood occupancy and solid renter concentration support steady leasing
- High-cost ownership market reinforces rental demand and pricing discipline
- Daily-needs amenities and strong dining density aid resident retention
- 3-mile household growth and smaller households expand the tenant base
- Risks: lower school ratings and lighter park/cafe density require thoughtful positioning