| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 54th | Fair |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17808 Deana Ln, Canyon Country, CA, 91387, US |
| Region / Metro | Canyon Country |
| Year of Construction | 1992 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
17808 Deana Ln Canyon Country Multifamily Investment
This 56-unit property in Canyon Country benefits from strong rental demand fundamentals, with neighborhood-level occupancy at 92% and rents ranking in the top quartile nationally according to CRE market data from WDSuite.
Canyon Country presents a mature rental market with established fundamentals for multifamily investors. The neighborhood ranks in the top quartile nationally for net operating income per unit at $12,944, reflecting strong income-generating potential. With 60.2% of housing units occupied by renters—ranking in the 94th percentile nationally—the area demonstrates sustained rental demand that supports occupancy stability.
Built in 1992, this property aligns with the neighborhood's average construction vintage, minimizing near-term capital expenditure disparities while positioning for potential value-add opportunities. The surrounding area maintains 92% occupancy rates, though this has declined modestly over five years, warranting attention to retention strategies and competitive positioning.
Demographics within a 3-mile radius support rental demand with 70,241 residents and projected population growth to 86,176 by 2028. Household income growth has been substantial, with median incomes rising 31.5% over five years to $106,765, while contract rents increased 34.6% to $2,308. The area offers solid childcare density at 1.81 facilities per square mile, ranking in the 91st percentile nationally, though amenity access remains limited with minimal cafes, parks, and pharmacies nearby.
Home values averaging $585,428 with 44.8% five-year appreciation reinforce rental demand by maintaining elevated ownership costs. The rent-to-income ratio of 0.26 suggests manageable affordability for tenants, though investors should monitor renewal rates as income growth moderates.
Canyon Country's safety profile shows mixed indicators that warrant standard due diligence for multifamily investments. Property crime rates have declined 30.7% over the past year, ranking in the 74th percentile nationally for improvement trends. However, the current property offense rate of 962 incidents per 100,000 residents places the neighborhood in the bottom quartile among the metro's 1,441 neighborhoods.
Violent crime remains relatively contained at 86 incidents per 100,000 residents, with a 30.3% year-over-year decline. The neighborhood's overall crime rank of 789 among metro neighborhoods indicates average safety conditions compared to the broader Los Angeles region. Investors should factor security considerations into property management planning and tenant screening protocols.
Canyon Country benefits from proximity to major corporate employers that support workforce housing demand, with several Fortune 500 companies and healthcare leaders within commuting distance.
- Amerisourcebergen — pharmaceutical distribution (7.2 miles)
- Boston Scientific Neuromodulation — medical device manufacturing (8.3 miles)
- Charter Communications — telecommunications (15.7 miles)
- Thermo Fisher Scientific — life sciences (16.5 miles)
- Disney — entertainment & media (18.8 miles) — HQ
This Canyon Country property offers compelling fundamentals for income-focused multifamily investors. The neighborhood's 60.2% rental occupancy rate ranks in the 94th percentile nationally, indicating strong structural rental demand. Built in 1992, the property presents potential value-add opportunities through strategic improvements while benefiting from established neighborhood dynamics. Commercial real estate analysis shows the area generating above-average NOI per unit at $12,944, ranking in the 90th percentile nationally.
Demographic projections within a 3-mile radius support long-term tenant demand, with population growth expected to reach 86,176 by 2028 and household formation increasing 43.1%. Rising median incomes to $170,351 by 2028 should support rent growth potential, while current affordability metrics remain manageable for tenant retention. However, investors should monitor the neighborhood's occupancy decline over recent years and factor competitive dynamics into underwriting assumptions.
- Strong rental market fundamentals with 60.2% renter occupancy ranking 94th percentile nationally
- Above-average income generation at $12,944 NOI per unit
- Projected population growth and household formation supporting tenant demand through 2028
- 1992 construction vintage offers value-add renovation potential
- Risk factor: Recent occupancy decline requires competitive positioning and retention focus