| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 34th | Fair |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7700 Topanga Canyon Blvd, Canoga Park, CA, 91304, US |
| Region / Metro | Canoga Park |
| Year of Construction | 1986 |
| Units | 69 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7700 Topanga Canyon Blvd Canoga Park Multifamily Investment
This 69-unit property benefits from strong neighborhood-level occupancy at 97.5% and above-average NOI performance, positioning investors in a rental-dominant area with 83.3% of housing units occupied by renters.
The Canoga Park neighborhood demonstrates solid fundamentals for multifamily investors, with occupancy rates of 97.5% ranking in the 86th percentile nationally. The area maintains a rental-dominant profile with 83.3% of housing units occupied by renters, ranking in the top quartile among Los Angeles metro neighborhoods and supporting consistent tenant demand.
Built in 1986, this property aligns with the neighborhood's average construction year of 1979, suggesting opportunities for value-add improvements and modernization to capture rent premiums. Demographic data within a 3-mile radius shows a stable population of approximately 184,000 residents, with household income growth of 31.5% over the past five years reaching a median of $95,037.
The neighborhood ranks competitively for amenities, placing in the 63rd percentile nationally with strong grocery store density at 5.8 stores per square mile (97th percentile) and restaurant access at 24.7 establishments per square mile (97th percentile). Median contract rents of $1,663 provide an affordable option relative to the broader Los Angeles market, though rent-to-income ratios suggest affordability pressures that require careful lease management considerations.
Crime metrics show favorable trends for the neighborhood, ranking 160th among 1,441 Los Angeles metro neighborhoods (83rd percentile nationally) for overall crime performance. Property offense rates have declined significantly by 92.7% year-over-year, ranking in the top percentile for crime reduction trends nationwide.
Violent offense rates remain moderate at 22.6 incidents per 100,000 residents, with a substantial 91.8% decrease over the past year placing the area in the 99th percentile for violent crime improvement. These downward crime trends support tenant retention and property appeal in the submarket.
The employment base centers on corporate offices and headquarters within commuting distance, supporting workforce housing demand for the property's tenant profile.
- Thermo Fisher Scientific — life sciences corporate offices (1.4 miles)
- Farmers Insurance Exchange — insurance headquarters (1.7 miles) — HQ
- Thermo Fisher Scientific — life sciences corporate offices (2.3 miles)
- Occidental Petroleum — energy headquarters (13.9 miles) — HQ
- AECOM — engineering services headquarters (15.0 miles) — HQ
This 69-unit Canoga Park property offers investors exposure to a rental-dominant market with strong occupancy fundamentals and value-add potential. According to CRE market data from WDSuite, the neighborhood's 97.5% occupancy rate and 83.3% renter share create a stable foundation for cash flow. The 1986 vintage provides modernization opportunities to capture rent growth in a submarket where NOI per unit averages $11,815, ranking in the 87th percentile nationally.
Demographic projections within a 3-mile radius forecast continued household growth of 37.3% through 2028, expanding the renter pool and supporting occupancy stability. Median household income growth of 31.5% over five years demonstrates improving tenant quality, while forecast rent increases of 37.1% suggest pricing power potential for well-positioned properties.
- Strong occupancy fundamentals with 97.5% neighborhood rate ranking 86th percentile nationally
- Rental-dominant market with 83.3% of units renter-occupied supporting tenant demand
- Value-add potential from 1986 vintage allowing modernization and rent optimization
- Household growth forecast of 37.3% through 2028 expanding renter pool
- Risk consideration: Rent-to-income ratios suggest affordability pressures requiring active lease management