| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 58th | Good |
| Amenities | 54th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17602 Harris Way, Canyon Country, CA, 91387, US |
| Region / Metro | Canyon Country |
| Year of Construction | 2003 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
17602 Harris Way Canyon Country 24-Unit 2003 Multifamily
Neighborhood occupancy remains resilient and competitive among Los Angeles metro submarkets, according to WDSuite’s CRE market data, signaling steady renter demand in Canyon Country. With a 24-unit footprint and a 2003 vintage, this asset targets stable operations rather than lease-up risk.
The surrounding neighborhood carries a B+ rating and performs above the metro median across several investor-relevant factors, including housing and overall occupancy. Occupancy in the neighborhood sits in the top quartile nationally and is competitive among 1,441 Los Angeles metro neighborhoods, supporting income stability for multifamily operators.
Livability drivers are balanced: parks, pharmacies, and grocery access track around or modestly above national medians, while restaurant and cafe density is thinner, consistent with a suburban profile. Average school ratings trend above the national median, which can aid retention for family renters without commanding urban-core premiums.
Home values in this area are elevated relative to national norms, a high-cost ownership context that tends to reinforce reliance on rental housing and support pricing power for well-maintained assets. Median contract rents at the neighborhood level are also high by national standards, but rent-to-income metrics point to manageable affordability pressure, helping limit turnover risk.
Within a 3-mile radius, demographics indicate population and household growth over the past five years, with forecasts pointing to further expansion in households through the next cycle. This larger tenant base and projected renter pool expansion should support occupancy stability and consistent leasing, based on commercial real estate analysis from WDSuite’s market coverage.
Vintage positioning matters: the property’s 2003 construction is newer than the neighborhood’s average 1988 stock, offering a competitive edge versus older comparables. Investors should still plan for routine system updates and selective modernization to preserve rent competitiveness.
Tenure dynamics show a moderate renter-occupied share at both the neighborhood and 3-mile levels, indicating a mixed owner/renter landscape. For multifamily investors, this points to steady demand from established households while requiring targeted marketing to capture move-up renters seeking larger suburban floor plans.
Safety indicators for the neighborhood track below the national median overall, reflecting higher crime incidence than many U.S. neighborhoods. Relative to 1,441 Los Angeles metro neighborhoods, the area is not among the top-performing safety cohorts, but recent year-over-year declines in property offenses suggest modest improvement momentum rather than deterioration.
For investors, this implies the importance of standard security measures, lighting, and resident engagement. Monitoring ongoing trends is prudent, as improvements from recent declines could support retention and leasing stability if sustained.
Nearby corporate employers across healthcare, life sciences, and communications provide a diverse employment base that supports renter demand and commute convenience for Canyon Country residents. The list below highlights proximate drivers of leasing depth relevant to workforce and professional households.
- AmerisourceBergen — pharmaceutical distribution (7.5 miles)
- Boston Scientific Neuromodulation — medical devices (8.6 miles)
- Charter Communications — telecommunications (15.6 miles)
- Thermo Fisher Scientific — life sciences (16.8 miles)
- Farmers Insurance Exchange — insurance (18.0 miles) — HQ
This 24-unit, 2003-vintage asset benefits from a neighborhood with occupancy in the top quartile nationally and competitive within the Los Angeles metro, supporting stable collections and limited vacancy exposure. The 3-mile radius shows population and household expansion with further growth forecast, pointing to a larger tenant base and steady renter demand. Elevated ownership costs in the area reinforce reliance on multifamily, while rent-to-income dynamics suggest manageable affordability pressure for lease retention.
The 2003 construction is newer than the local average 1988 stock, providing a competitive position versus older properties while still warranting routine capital planning for systems and common-area refresh. According to CRE market data from WDSuite, neighborhood fundamentals and income levels align with sustained demand for larger suburban units, which can underpin pricing power when paired with disciplined operations.
- Competitive occupancy profile supports stable cash flow and leasing
- 2003 vintage out-positions older 1980s stock with light value-add potential
- 3-mile population and household growth expands the tenant base and supports retention
- High-cost ownership market reinforces multifamily demand and pricing power
- Risks: safety metrics below national median and thinner amenity density may require enhanced security and targeted marketing