| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 35th | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7308 De Soto Ave, Canoga Park, CA, 91303, US |
| Region / Metro | Canoga Park |
| Year of Construction | 1990 |
| Units | 23 |
| Transaction Date | 1996-03-13 |
| Transaction Price | $1,414,000 |
| Buyer | SEEMAN BARRY |
| Seller | KANTOR ALAN D |
7308 De Soto Ave Canoga Park Multifamily Opportunity
Neighborhood fundamentals in Canoga Park point to steady renter demand and above-average occupancy, according to WDSuite’s CRE market data.
Canoga Park’s rental market shows resilient demand signals for a 23-unit asset. Neighborhood occupancy trends are strong — in the top quartile nationally — supporting lease stability, per WDSuite’s CRE market data. Renter concentration is elevated (share of housing units that are renter-occupied), indicating a deeper tenant base and fewer leasing gaps compared with more owner-heavy areas in Los Angeles County.
Local living amenities are mixed. Restaurants and everyday services index well (restaurants sit near the 95th percentile nationally, and pharmacies around the 83rd percentile), while parks and cafes are comparatively limited within the immediate neighborhood. For family-oriented demand, average school ratings trend below national norms; investors should underwrite to that context when projecting retention for larger floor plans.
Home values are elevated for the neighborhood (around the 92nd percentile nationally), creating a high-cost ownership market that tends to sustain reliance on multifamily rentals and can support pricing power when managed carefully. At the same time, rent-to-income ratios trend comparatively manageable here, which can reduce affordability pressure and help lease renewal rates.
Within a 3-mile radius, demographics show a stable working-age mix and recent growth in households alongside gradually smaller household sizes. This combination generally expands the renter pool and supports occupancy durability even as population growth moderates. The average neighborhood construction year is 1987; with a 1990 vintage, the property is slightly newer than local stock, which can be competitive versus older buildings while still warranting targeted modernization for systems and finishes.
Neighborhood safety indicators are comparatively favorable versus national norms, with overall crime levels benchmarking in the upper tiers nationally. Recent year-over-year estimates also point to sharp declines in both property and violent offenses, reinforcing an improving trend line. As always, investors should evaluate block-by-block conditions and management practices when underwriting.
The area draws from a diverse employment base that supports renter demand and commute convenience, led by insurance, life sciences, and energy, with additional stability from engineering and telecom offices nearby.
- Farmers Insurance Exchange — insurance (1.5 miles) — HQ
- Thermo Fisher Scientific — life sciences (1.7 miles)
- Occidental Petroleum — energy (12.9 miles) — HQ
- AECOM — engineering (14.0 miles) — HQ
- Charter Communications — telecom (14.0 miles)
This 1990-vintage, 23-unit asset benefits from high neighborhood occupancy and an above-average renter concentration, supporting leasing stability and a larger tenant base relative to more owner-heavy pockets of the Los Angeles metro. Elevated local home values reinforce rental demand, while rent levels relative to incomes indicate manageable affordability pressure that can aid renewals and reduce turnover.
Within a 3-mile radius, household counts are rising even as household sizes trend smaller, expanding the renter pool and supporting ongoing absorption. Based on commercial real estate analysis from WDSuite, the asset’s slightly newer vintage than the neighborhood average can be competitively positioned with targeted modernization, aligning CapEx toward systems and cosmetic updates to sustain performance.
- Strong neighborhood occupancy and elevated renter concentration support stable leasing
- High-cost ownership market sustains multifamily demand and pricing resilience
- 1990 vintage slightly newer than local stock; targeted upgrades can enhance competitiveness
- 3-mile household growth and smaller household sizes expand the renter pool
- Risks: lower average school ratings and limited park/cafe amenities may affect family-oriented retention