| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 34th | Fair |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8526 International Ave, Canoga Park, CA, 91304, US |
| Region / Metro | Canoga Park |
| Year of Construction | 1972 |
| Units | 92 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8526 International Ave Canoga Park Multifamily Investment
This 92-unit property benefits from strong neighborhood-level occupancy at 97.5% and a renter-dominated housing market, with 83% of units occupied by renters according to WDSuite's CRE market data.
The Canoga Park neighborhood ranks among the top quartile of Los Angeles metro neighborhoods for housing fundamentals, placing 84th out of 1,441 neighborhoods with an 84th national percentile. The area maintains strong occupancy levels at 97.5%, ranking in the 86th national percentile for occupancy stability. With 83% of housing units occupied by renters, this neighborhood demonstrates one of the strongest rental markets in the metro area, ranking 36th out of 1,441 neighborhoods nationwide.
Built in 1972, this property aligns with the neighborhood's average construction year of 1979, suggesting consistent building stock that may present value-add renovation opportunities. The area shows solid retail amenities with high grocery store density (97th national percentile) and restaurant access (97th national percentile), supporting tenant retention through walkable convenience.
Demographics within a 3-mile radius show a stable tenant base with 180,348 residents and modest population growth of 2.5% over five years. Household formation increased 5.7% during the same period, expanding the renter pool. The area's median rent of $1,945 reflects strong pricing power, though rent-to-income ratios suggest affordability pressures that require careful lease management considerations.
Home values averaging $552,128 with 45% five-year appreciation reinforce rental demand, as elevated ownership costs sustain renter reliance on multifamily housing. The neighborhood's Urban Core designation and strong amenity access support long-term tenant appeal and retention potential.
The neighborhood demonstrates above-average safety metrics, ranking 160th out of 1,441 Los Angeles metro neighborhoods for overall crime, placing it in the 83rd national percentile. Property crime rates show significant improvement with a 92.7% year-over-year decline, ranking in the top percentile nationally for crime reduction trends.
Violent crime rates remain moderate at 22.6 incidents per 100,000 residents, ranking in the 57th national percentile. Like property crime, violent offenses declined substantially by 91.8% year-over-year, indicating improving neighborhood conditions that support tenant retention and property values.
The Canoga Park area benefits from proximity to major corporate employers that provide stable workforce housing demand, with several Fortune 500 companies and industry leaders within commuting distance.
- Thermo Fisher Scientific — life sciences (1.6 miles)
- Farmers Insurance Exchange — insurance (2.8 miles) — HQ
- Thermo Fisher Scientific — life sciences (3.2 miles)
- Occidental Petroleum — energy (14.5 miles) — HQ
- Charter Communications — telecommunications (14.7 miles)
This 92-unit Canoga Park property presents a compelling value-add opportunity in a fundamentally strong rental market. The neighborhood's 97.5% occupancy rate and 83% renter occupancy share demonstrate exceptional demand stability, ranking in the top quartile nationally for housing fundamentals according to multifamily property research from WDSuite.
Built in 1972, the property offers renovation upside potential while benefiting from a mature neighborhood with strong amenity density. Demographics within a 3-mile radius show household growth of 5.7% over five years, expanding the tenant base, while elevated home values averaging $552,128 reinforce rental demand by sustaining renter reliance on multifamily housing.
- Exceptional occupancy stability at 97.5% neighborhood-level, ranking 86th national percentile
- Strong rental market fundamentals with 83% renter occupancy, top quartile among metro neighborhoods
- Value-add potential from 1972 construction year with renovation upside opportunities
- Growing household base with 5.7% formation growth supporting tenant demand expansion
- Risk consideration: High rent-to-income ratios may require careful lease management and renewal strategies