| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 36th | Fair |
| Amenities | 66th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7550 Jordan Ave, Canoga Park, CA, 91303, US |
| Region / Metro | Canoga Park |
| Year of Construction | 1985 |
| Units | 26 |
| Transaction Date | 2020-11-23 |
| Transaction Price | $6,300,000 |
| Buyer | COELER PETER A |
| Seller | HARGES LORELEI T |
7550 Jordan Ave, Canoga Park Multifamily Investment
Neighborhood fundamentals point to steady renter demand and above-median occupancy for the area, according to WDSuite’s CRE market data. Investors may find relative stability supported by a deep renter base and strong local amenity access.
The property sits in a B+ rated Urban Core neighborhood that is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 451 out of 1,441). Amenity density is a strength: grocery and pharmacy access ranks in the top quartile nationally, with restaurants and cafes also scoring well. Limited park acreage is a known trade-off, and average school ratings trend below national norms, factors to consider for long-term positioning.
Renter-occupied housing is a dominant tenure in this neighborhood, indicating a deep tenant base and demand resilience for multifamily. Area occupancy is above the national mid-point, supporting leasing stability in line with metro dynamics (these metrics reflect the neighborhood, not this property). Home ownership costs are elevated for the area, which tends to sustain reliance on rentals and can support pricing power when lease management is disciplined.
Within a 3-mile radius, population and households have grown modestly over the past five years, with forecasts calling for further increases in households and incomes. This points to a larger tenant base over time and supports occupancy stability and renewal momentum. Median contract rents in the neighborhood have risen meaningfully over the last cycle, and neighborhood average NOI per unit ranks in the top decile nationally, according to CRE market data from WDSuite—useful context for underwriting revenue potential.
Vintage context matters: neighborhood housing skews older than this 1985 asset (local average construction year is 1976). Being newer than much of the surrounding stock can enhance competitive positioning versus legacy product, though investors should still plan for ongoing system updates and selective renovations to match current renter expectations.
Safety trends are comparatively favorable for the neighborhood. Based on metro rankings (341 out of 1,441), the area sits above the metro median and in the top quartile nationally for overall safety, according to WDSuite’s data. Recent estimates also indicate notable year-over-year declines in both violent and property offense rates, signaling positive momentum versus prior periods. These figures reflect neighborhood conditions rather than property-specific security measures.
Nearby employers provide a diverse white-collar employment base that supports renter demand and retention through commute convenience. The list below highlights key corporate offices and headquarters in proximity to the neighborhood: Farmers Insurance Exchange, Thermo Fisher Scientific, Occidental Petroleum, Charter Communications, and AECOM.
- Farmers Insurance Exchange — insurance (1.6 miles) — HQ
- Thermo Fisher Scientific — life sciences (1.6 miles)
- Occidental Petroleum — energy (13.7 miles) — HQ
- Charter Communications — telecommunications (14.8 miles)
- AECOM — engineering & infrastructure (14.8 miles) — HQ
7550 Jordan Ave is a 26-unit, 1985-vintage asset in a renter-heavy Urban Core neighborhood where amenity access is a clear strength and occupancy has remained above national mid-point levels. Being newer than much of the surrounding stock positions the property competitively against older alternatives, while elevated ownership costs in the area tend to reinforce reliance on multifamily housing and support pricing power when paired with disciplined operations.
Within a 3-mile radius, steady population and household growth—alongside rising incomes—suggest a gradually expanding renter pool that supports occupancy stability and renewals. Neighborhood metrics show strong historic rent momentum and top-decile NOI per unit benchmarks; according to CRE market data from WDSuite, these local dynamics continue to favor well-managed multifamily assets. Key underwriting considerations include school quality, limited park access, and rent-to-income pressures that warrant proactive lease management and resident retention strategies.
- Renter-heavy neighborhood supports a deep tenant base and steady leasing
- 1985 vintage offers competitive positioning versus older local stock; plan for targeted system upgrades
- Elevated ownership costs sustain rental demand and can support pricing power
- Amenity-rich location (grocery, pharmacy, dining) enhances day-to-day livability and retention
- Risks: below-average school ratings, limited park acreage, and affordability pressure require disciplined lease management