| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 36th | Fair |
| Amenities | 66th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7529 Vassar Ave, Canoga Park, CA, 91303, US |
| Region / Metro | Canoga Park |
| Year of Construction | 1986 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7529 Vassar Ave Canoga Park Multifamily Investment
Renter demand is supported by a high renter-occupied share in an amenity-rich Urban Core pocket of the San Fernando Valley, according to WDSuite’s CRE market data. The neighborhood’s occupancy has held above many national benchmarks, pointing to stable lease-up dynamics for well-managed assets.
The immediate area around 7529 Vassar Ave sits within a B+ rated Urban Core neighborhood that performs in the top quartile nationally for overall amenities, with especially dense access to grocery, childcare, pharmacies, and dining. This concentration provides everyday convenience that helps sustain multifamily renter interest and retention. Park access is limited, which may matter for family-oriented positioning, and the average public school rating trails national norms; investors targeting households with school-age children should calibrate unit mix and marketing accordingly.
Neighborhood occupancy is above the national middle of the pack and has been resilient, while the share of renter-occupied housing units is very high (among the highest nationally), indicating a deep tenant base and steady turnover for workforce housing. At the same time, rent-to-income levels suggest some affordability pressure, which calls for disciplined renewal strategies and attention to value offered at current price points.
Within a 3-mile radius, demographics point to modest population growth and an expanding household count, alongside a trend toward smaller household sizes. Rising median and mean incomes in the area indicate a larger pool of qualified renters over time, supporting occupancy stability and giving well-positioned assets selective pricing power. Home values are elevated for the region, signaling a high-cost ownership market that tends to reinforce reliance on rental housing rather than shift demand toward for-sale alternatives.
Relative to the Los Angeles metro, the neighborhood’s NOI per unit is competitive, landing in the top decile among 1,441 metro neighborhoods. For investors, that combination of amenity density, renter concentration, and income growth versus ownership costs supports a durable multifamily thesis while underscoring the importance of product differentiation in a mature, urban submarket.
WDSuite’s CRE market data indicates the neighborhood performs above many areas nationally on safety, with crime levels that compare favorably to a broad cross-section of neighborhoods across the country. Recent readings show notable year-over-year declines in both violent and property offenses, suggesting a positive near-term trend rather than a one-off data point.
As with any Urban Core location in the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), safety conditions can vary by block and over time. Investors should evaluate property-level measures and management practices, but current comparative and directional indicators are constructive for renter retention and leasing.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience, including Thermo Fisher Scientific, Farmers Insurance Exchange, Occidental Petroleum, AECOM, and Live Nation Entertainment.
- Thermo Fisher Scientific — life sciences (1.5 miles)
- Farmers Insurance Exchange — insurance (1.5 miles) — HQ
- Occidental Petroleum — energy (13.8 miles) — HQ
- AECOM — engineering & infrastructure (14.9 miles) — HQ
- Live Nation Entertainment — entertainment (15.0 miles) — HQ
The asset’s 1986 vintage is newer than the neighborhood’s average building age, offering relative competitiveness versus older stock while leaving room for targeted modernization to enhance durability and operating efficiency. High renter concentration, amenity density, and a high-cost ownership backdrop create a broad tenant base and support occupancy stability; based on CRE market data from WDSuite, neighborhood occupancy trends have outperformed many national peers.
Within a 3-mile radius, modest population growth, rising incomes, and an expanding household count point to gradual renter pool expansion. The main watch items are rent-to-income pressure and weaker school ratings and park access, which argue for careful renewal management and amenity programming aligned to the likely resident profile. Overall, the balance of fundamentals supports a steady, operations-focused multifamily hold with selective value-add upside.
- Newer 1986 vintage versus local average supports competitive positioning with targeted upgrades
- Deep renter-occupied base and amenity-rich setting underpin demand and retention
- Elevated home values reinforce reliance on rental housing, aiding occupancy stability
- Demographic tailwinds within 3 miles (income gains, more households) expand the tenant pool
- Risks: affordability pressure and weaker schools/parks call for disciplined renewals and amenity strategy