| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Poor |
| Demographics | 40th | Fair |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9015 Owensmouth Ave, Canoga Park, CA, 91304, US |
| Region / Metro | Canoga Park |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9015 Owensmouth Ave Canoga Park Multifamily Investment
Neighborhood occupancy has been resilient and the 1972 vintage points to value-add potential, according to WDSuite’s CRE market data. Investors can underwrite stable renter demand while planning selective renovations to enhance competitiveness.
Located in Canoga Park within the Los Angeles metro, the neighborhood shows strong occupancy (measured for the neighborhood, not this property) in the top decile nationally, according to WDSuite’s CRE market data. That level of stability typically supports consistent leasing and retention. At the same time, the area’s NOI per unit sits in a high national percentile, indicating that operational performance in comparable neighborhoods has been competitive versus many U.S. peers.
The property’s 1972 construction is older than the neighborhood’s average construction year (1982). For investors, that usually means a practical value-add roadmap: focus on interiors, building systems, and curb appeal to close the gap to newer stock and sustain pricing power. With an average unit size reported at the property level that is comparatively large for the market segment, there may also be positioning potential toward renters seeking more space.
Tenure patterns point to a balanced renter base. At the neighborhood level, the share of housing units that are renter-occupied is below half, while within a 3-mile radius it is roughly even between owner- and renter-occupied units. This mix can widen the tenant funnel without overexposure to one tenure type, supporting demand depth for multifamily assets.
Local amenities are mixed. Restaurant and cafe density scores high compared with neighborhoods nationwide, which supports everyday livability and foot traffic. Counts for groceries, parks, and pharmacies within the neighborhood boundary are limited, so residents often draw on nearby corridors elsewhere in the San Fernando Valley. For underwriting, this suggests highlighting access patterns and emphasizing on-site conveniences to strengthen leasing.
Within a 3-mile radius, demographics indicate a large population base with modest recent population growth and rising household counts, alongside a gradual shift toward smaller household sizes. That combination typically expands the renter pool over time and helps support occupancy stability and absorption for well-positioned assets.
WDSuite’s CRE market data indicates the neighborhood compares favorably to many areas nationwide on safety, with overall measures landing in a high national percentile (safer than most neighborhoods). Both violent and property offense indicators also show recent year-over-year declines, pointing to an improving trend. While no neighborhood is risk-free and conditions can vary block-to-block, the comparative positioning supports leasing narratives around everyday livability for renters.
Nearby employers span life sciences and major corporate headquarters that help anchor the renter base and shorten commutes for a wide range of occupations, including Thermo Fisher Scientific, Farmers Insurance, Occidental Petroleum, Live Nation Entertainment, and AECOM.
- Thermo Fisher Scientific — life sciences (1.7 miles)
- Farmers Insurance Exchange — insurance (3.4 miles) — HQ
- Occidental Petroleum — energy (15.1 miles) — HQ
- Live Nation Entertainment — entertainment (16.0 miles) — HQ
- AECOM — engineering & infrastructure (16.1 miles) — HQ
9015 Owensmouth Ave offers a 20-unit footprint in a neighborhood where occupancy is strong and comparable assets demonstrate solid operating performance. Based on commercial real estate analysis from WDSuite, the area’s top-tier occupancy profile supports underwriting for steady absorption and retention, while the property’s 1972 vintage creates a clear path for value-add upgrades to enhance rentability versus newer stock.
Within a 3-mile radius, household counts are increasing and average household size is trending lower, which typically broadens the renter base over time. The local tenure mix is close to evenly split between renters and owners, supporting multifamily demand without overreliance on a single segment. Investors should account for capex tied to age and for amenity gaps within the immediate neighborhood boundary, but the combination of stable demand drivers and renovation upside frames a pragmatic long-term thesis.
- Strong neighborhood occupancy supports leasing stability and retention
- 1972 vintage enables targeted value-add and systems modernization
- Larger reported average unit size offers positioning toward space-seeking renters
- Diverse nearby employers underpin a broad, commuter-friendly renter base
- Risks: aging asset capex, limited in-boundary daily amenities, and uneven near-term population trends