| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 36th | Fair |
| Amenities | 66th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7500 Alabama Ave, Canoga Park, CA, 91303, US |
| Region / Metro | Canoga Park |
| Year of Construction | 2005 |
| Units | 119 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7500 Alabama Ave, Canoga Park Multifamily Investment
Renter demand is supported by a high renter-occupied share in the surrounding neighborhood and strong daily-needs amenities, according to WDSuite’s CRE market data. Neighborhood occupancy trends in the low-90s point to generally steady leasing conditions for stabilized assets.
Located in Los Angeles County’s Urban Core fabric, the area around 7500 Alabama Ave offers dense retail and services that support resident convenience. Neighborhood metrics indicate strong access to groceries, pharmacies, restaurants, cafes, and childcare relative to national norms, which typically helps leasing velocity and day-to-day livability for workforce renters.
The neighborhood shows an occupancy rate around 93% and an extremely high share of renter-occupied housing units, reinforcing depth of the tenant base for multifamily operators (these are neighborhood measures, not property performance). Median asking rents in the area have grown over the past five years, while home values remain elevated versus national benchmarks, which can sustain reliance on rental housing and support pricing power for well-positioned assets.
Within a 3-mile radius, population has edged up in recent years and household counts have expanded, signaling a gradually larger renter pool. Forward-looking estimates point to further growth in households alongside a modest reduction in average household size, a pattern that typically supports absorption of multifamily units and occupancy stability.
The average neighborhood construction year skews older than 2005, so this asset’s vintage positions it competitively against nearby stock; investors should still account for mid-life capital items and modernization to capture value-add upside. Amenity access is a relative strength, while limited park acreage and below-average public school ratings in the neighborhood are considerations for family-oriented leasing strategies.
Neighborhood safety indicators compare favorably to national norms, with overall crime positioning in the higher national percentiles (safer relative to many U.S. neighborhoods). Year-over-year trends show notable improvement in both violent and property offense estimates, which supports a constructive outlook on resident retention and leasing stability. These are neighborhood-level signals for the Los Angeles-Long Beach-Glendale metro context, not block-level conditions.
Proximity to major employers supports a broad commuter tenant base and reduces friction for retention. Nearby anchors include insurance, life sciences, energy, media, and engineering firms that collectively underpin steady rental demand.
- Farmers Insurance Exchange — insurance (1.5 miles) — HQ
- Thermo Fisher Scientific — life sciences (1.8 miles)
- Occidental Petroleum — energy (13.5 miles) — HQ
- Charter Communications — telecommunications (14.6 miles)
- AECOM — engineering & infrastructure (14.6 miles) — HQ
Built in 2005 with 119 units, the asset competes well in a neighborhood where average vintage trends older, helping it stand out to renters seeking more contemporary product. The surrounding area’s high renter concentration and low-90s neighborhood occupancy support stable demand and lease-up resiliency; elevated for-sale housing costs further reinforce reliance on multifamily. According to CRE market data from WDSuite, amenity access is strong locally, and NOI per unit performance at the neighborhood level compares well nationally, underscoring fundamentals that favor professionally managed operations.
Investor considerations include affordability pressure (rent-to-income ratios are elevated by national standards), limited park access, and low average school ratings, which may influence family renter appeal. Given the 2005 vintage, plan for mid-life capital needs and targeted renovations to sustain competitiveness and capture value-add upside while managing for any near-term softness indicated by slight occupancy drift in recent years at the neighborhood level.
- Newer-than-neighborhood vintage (2005) offers competitive positioning with potential value-add through modernization
- High renter-occupied concentration and low-90s neighborhood occupancy support demand durability and retention
- Strong access to daily-needs amenities and employment nodes underpins leasing stability
- Elevated ownership costs in the area help sustain reliance on rental housing and pricing power
- Risks: affordability pressure, limited parks, and below-average school ratings; address via unit mix, amenity strategy, and capex planning