| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 43rd | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8750 Independence Ave, Canoga Park, CA, 91304, US |
| Region / Metro | Canoga Park |
| Year of Construction | 1989 |
| Units | 25 |
| Transaction Date | 1995-08-18 |
| Transaction Price | $120,000 |
| Buyer | JUKNAVORIAN FAMILY GENERAL PARTNERSHIP |
| Seller | JUKNAVORIAN JOHN |
8750 Independence Ave Canoga Park Multifamily Investment
Neighborhood occupancy has remained resilient with steady renter demand, according to WDSuite’s CRE market data, supporting income stability for a 25-unit asset in Los Angeles County.
The property sits in Canoga Park an Urban Core pocket that rates B+ among Los Angeles neighborhoods, with amenities in the top quartile among 1,441 metro neighborhoods. Caf e9s, groceries, pharmacies, and childcare are relatively dense for the metro and score above national medians, which helps support day-to-day convenience for residents and reduces drive-time friction that can impact leasing.
Neighborhood multifamily occupancy is high and has trended up over the past five years, indicating durable renter demand rather than transient spikes. The area shows a strong renter concentration (majority renter-occupied housing units), signaling a broad tenant base and potential depth for renewals and backfills. Median school ratings are around average for the region; investors should underwrite to stable but not premium school-driven demand.
Within a 3-mile radius, the population has grown modestly while household counts have increased faster, and forward-looking data suggest more households alongside smaller average household sizes featuring a renter pool that can expand even if population growth moderates. Elevated home values relative to incomes place the area firmly in a high-cost ownership market, which typically sustains reliance on multifamily housing and supports retention, particularly for larger floor plans like the property s.
Vintage matters: the asset s 1989 construction is newer than the neighborhood average (1980). This positioning can be competitive versus older stock, with potential to capture renters seeking updated systems and finishes while planning for targeted modernization of aging components over the hold.
Safety indicators for the neighborhood are above national averages overall, with composite measures landing in the upper quartiles nationally. Year-over-year data also show meaningful declines in both property and violent offense rates, according to WDSuite s CRE datasets, which is directionally supportive for resident retention and leasing.
Conditions can vary by corridor within Los Angeles; investors should evaluate micro-location and property-level controls (lighting, access, visibility) as part of standard diligence rather than relying solely on area-wide statistics.
Nearby corporate employment includes Thermo Fisher Scientific, Farmers Insurance, Charter Communications, and Occidental Petroleum. These employers broaden the local white-collar and technical job base, supporting renter demand and commute convenience for workforce households.
- Thermo Fisher Scientific d7 life sciences (2.1 miles)
- Farmers Insurance Exchange d7 insurance (3.1 miles) d7 HQ
- Charter Communications d7 telecommunications (14.2 miles)
- Occidental Petroleum d7 energy (14.4 miles) d7 HQ
8750 Independence Ave is a 25-unit 1989 vintage asset positioned in a high-cost Los Angeles ownership market where elevated home values reinforce multifamily reliance. Neighborhood occupancy remains high and has improved over five years, and the surrounding renter concentration points to a deep tenant base. Within a 3-mile radius, households have grown faster than population and are projected to keep increasing as average household sizes trend smaller creating a broader pool of prospective renters and supporting stabilized occupancy.
The 1989 construction is newer than the local average, offering competitive positioning versus older stock while leaving room for targeted value-add to modernize systems and finishes. Proximity to diversified employers underpins weekday demand drivers. According to CRE market data from WDSuite, area amenities score well versus metro peers and safety indicators sit above national averages, both factors that can aid lease retention and pricing power when managed carefully.
- High neighborhood occupancy and strong renter concentration support income stability
- 1989 vintage offers competitive positioning with selective value-add potential
- High-cost ownership market sustains multifamily demand and lease retention
- Diverse nearby employers reinforce weekday demand and renewal depth
- Risks: affordability pressure and limited park access warrant careful lease and amenity strategy