| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 54th | Fair |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17902 Sandy Dr, Canyon Country, CA, 91387, US |
| Region / Metro | Canyon Country |
| Year of Construction | 1992 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
17902 Sandy Dr, Canyon Country Multifamily Investment
Renter-occupied share in the immediate neighborhood is 60.2% with NOI per unit trending in the top decile nationally, indicating a deep tenant base and resilient income, according to WDSuite’s CRE market data. Occupancy sits around the national median, suggesting steady performance with room to optimize through asset-level operations.
Canyon Country’s neighborhood fundamentals skew investor-friendly: neighborhood occupancy trends sit near the national median while the local renter concentration (renter-occupied share of housing units) supports depth of demand for multifamily leasing. Median contract rents in the neighborhood rank in the 95th national percentile, signaling pricing power for well-positioned assets without necessarily implying outsized affordability pressure relative to peer Los Angeles submarkets.
Everyday convenience is adequate rather than urban-core dense. Grocery access rates in the neighborhood land in the 86th national percentile and restaurants in the 85th percentile, while cafes, parks, and pharmacies are thinner locally. For residents, this translates to strong essentials coverage but fewer boutique amenities within a short radius—an operational consideration for positioning and tenant retention strategies.
Schools benchmark modestly above average nationally (61st percentile), which can bolster family-oriented renter demand and longer tenancy durations. Neighborhood housing metrics score in the 83rd national percentile overall, and NOI per unit averages land in the 90th percentile, indicating revenue performance that is competitive among national peers for stabilized product, based on commercial real estate analysis from WDSuite.
Within a 3-mile radius, population and households have expanded over the last five years and are projected to continue growing, pointing to a larger tenant base over time. Forecast gains in households through 2028, alongside rising incomes in the area, suggest continued support for occupancy stability and measured rent growth for competitive assets.
Home values track high for the region (88th national percentile) and the value-to-income ratio is elevated (86th percentile), creating a high-cost ownership market that tends to sustain renter reliance on multifamily housing. At the same time, the neighborhood’s rent-to-income ratio trends below national averages, which can aid renewal rates and lease management outcomes for operators focused on retention.
Safety indicators are mixed relative to national benchmarks. Overall crime levels trend around the national median, while violent and property offense rates in the neighborhood register below the national median for safety. Importantly, both violent and property offenses show notable one-year declines, indicating recent improvement momentum, according to WDSuite’s CRE market data.
For underwriting, a balanced interpretation is appropriate: trends are improving, yet operators should continue standard security, lighting, and community-engagement practices to support resident confidence and lease retention. Avoid over-weighting single-year movements; evaluate multi-year patterns and property-level incident records alongside neighborhood context within the Los Angeles-Long Beach-Glendale metro’s 1,441 neighborhoods.
Proximity to diversified employers supports workforce housing demand and commute convenience, which can aid leasing velocity and renewals. Notable nearby employment nodes include healthcare, life sciences, and communications—consistent with the renter base profile described above.
- AmerisourceBergen — pharmaceuticals distribution (7.1 miles)
- Boston Scientific Neuromodulation — medical devices (8.2 miles)
- Charter Communications — telecommunications (15.8 miles)
- Thermo Fisher Scientific — life sciences (16.5 miles)
- Farmers Insurance Exchange — insurance (17.8 miles) — HQ
This Canyon Country asset benefits from a renter-weighted neighborhood, competitive income performance (NOI per unit in the top decile nationally), and occupancy near the national median—favorable ingredients for steady operations with upside via targeted renovations and lease management. Elevated ownership costs in the area reinforce long-term renter reliance, while neighborhood rent-to-income levels below national averages can support retention and limit turnover friction, based on CRE market data from WDSuite.
Demand drivers extend beyond the block: within a 3-mile radius, population and household counts have grown meaningfully and are projected to expand further by 2028, pointing to a larger tenant base. Essential retail access is strong, schools are modestly above average, and diversified nearby employers underpin daytime and evening demand—positioning the property for durable occupancy and disciplined rent growth if managed to local expectations.
- Renter-weighted neighborhood supports depth of tenant demand and stable leasing
- NOI per unit ranks in the national top decile, signaling strong revenue potential for competitive assets
- 3-mile household and income growth expands the renter pool and supports occupancy stability
- Elevated ownership costs sustain renter reliance, aiding renewal rates and pricing power
- Risk: amenity density is thinner locally and safety metrics are mixed; success hinges on operations, security, and positioning