| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 54th | Fair |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17802 Chelsea Way, Canyon Country, CA, 91387, US |
| Region / Metro | Canyon Country |
| Year of Construction | 1992 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
17802 Chelsea Way Canyon Country Multifamily Opportunity
Positioned in Los Angeles County s Santa Clarita area, the property benefits from stable neighborhood occupancy and a deep renter pool, according to WDSuite s CRE market data. The local context suggests durable renter demand supported by income growth and limited near-term supply signals.
Located in Canyon Country within the Los Angeles metro, the neighborhood scores B- overall and is competitive among Los Angeles neighborhoods (ranked 697 of 1,441). Housing indicators land in the top quartile nationally, and average NOI per unit trends in the top decile nationally, signaling solid operating performance potential in comparable assets, based on commercial real estate analysis from WDSuite.
Daily-needs access is a relative strength: grocery presence and restaurants both benchmark above national norms (mid-80s percentiles), and childcare density sits near the top decile nationally. While cafes and parks are thinner locally, these trade-offs typically matter less for workforce-oriented properties than proximity to essentials and commutes.
For the neighborhood (not the property), occupancy averages about 92% and renter-occupied units account for roughly 60% of housing, indicating a broad tenant base that can support leasing stability through cycles. Median contract rents in the neighborhood have risen over the past five years alongside incomes, with rent-to-income levels implying manageable affordability pressures that still warrant attentive lease management.
Demographics aggregated within a 3-mile radius point to an expanding renter pool: population grew about 13% over the last five years with households up ~12%, and forecasts indicate further population and household gains into the next five years. Household incomes have advanced meaningfully, supporting effective demand for quality rental housing and providing runway for measured rent growth, per multifamily property research from WDSuite.
Ownership remains a high-cost alternative relative to local incomes, with elevated home values by national comparison; this typically reinforces reliance on multifamily, supporting tenant retention and pricing power during lease-ups and renewals.
Neighborhood safety benchmarks close to the national middle overall, with property-crime indicators weaker than national norms and violent-crime measures nearer the lower-middle range. Recent year-over-year trends show double-digit declines across both categories, suggesting improvement in reported incidents.
Within the Los Angeles metro context (1,441 neighborhoods), the area sits around the median for overall crime. For investors, the takeaway is operational: emphasize lighting, access controls, and resident engagement to sustain recent improvements and support retention.
Proximity to established corporate nodes underpins workforce housing demand and commute convenience for residents. Notable nearby employers span healthcare, life sciences, and media/telecom, supporting a diverse renter base.
- AmerisourceBergen pharmaceuticals distribution offices (7.2 miles)
- Boston Scientific Neuromodulation medical devices (8.3 miles)
- Charter Communications telecom & media offices (15.7 miles)
- Thermo Fisher Scientific life sciences offices (16.6 miles)
- Farmers Insurance Exchange insurance services (17.9 miles) HQ
This 120-unit asset in Canyon Country is supported by durable neighborhood fundamentals: a renter-occupied share near 60% for the neighborhood, occupancy around the low-90s, and strong daily-needs access. Elevated home values relative to incomes point to a high-cost ownership market that tends to sustain multifamily demand and bolster lease retention. According to CRE market data from WDSuite, local housing and NOI benchmarks compare favorably at the national level, reinforcing the case for steady operations.
Within a 3-mile radius, recent population and household growth, with further gains forecast, expand the tenant base and support occupancy stability. Rising household incomes provide room for measured rent progression, though a rent-to-income profile around one-quarter suggests monitoring affordability to protect renewals and minimize concessions.
- Deep neighborhood renter base and stable occupancy support leasing durability.
- Strong daily-needs access (groceries, childcare, restaurants) aids retention and appeal.
- Expanding 3-mile population and households enlarge the tenant pipeline, aiding lease-up and renewals.
- High-cost ownership context sustains multifamily demand and pricing power.
- Risk: affordability pressure requires careful rent-setting and value-added resident services to maintain retention.