| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 54th | Fair |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18231 Jakes Way, Canyon Country, CA, 91387, US |
| Region / Metro | Canyon Country |
| Year of Construction | 1989 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18231 Jakes Way, Canyon Country Multifamily Investment
Neighborhood-level occupancy is around 92%, supporting stable renter demand, according to WDSuite’s CRE market data. Renter concentration is elevated for the area, which can deepen the tenant base and aid leasing consistency.
Positioned in Canyon Country within Los Angeles County, the property sits in a neighborhood rated B- with housing fundamentals that are competitive in the metro. Housing quality ranks 129 out of 1,441 Los Angeles–area neighborhoods, placing it in the top quartile locally and upper-tier nationally (83rd percentile), based on CRE market data from WDSuite.
Renter-occupied share in the neighborhood is about 60% of housing units, signaling a deep tenant pool for multifamily. Neighborhood occupancy is approximately 92% and has softened versus five years ago, but remains consistent with broader metro dynamics; investors should underwrite to steady absorption rather than outsized lease-up assumptions.
Within a 3-mile radius, population and household counts have grown over the last five years and are projected to continue increasing, expanding the renter pool. Median household incomes in the 3-mile area have trended higher, which can support rent levels and help manage affordability pressure; the neighborhood’s rent-to-income ratio sits near the mid-20% range, implying room for disciplined rent growth and retention-focused lease management.
Everyday amenities are serviceable rather than destination-grade. Grocery access scores well versus national peers (upper percentiles), while cafes and parks are thinner locally. Average school ratings are around 3.0 out of 5, which is typical for many Los Angeles submarkets and should be factored into tenant profile expectations and marketing. Median home values are elevated for the region, reinforcing reliance on rental options and supporting multifamily demand durability.
The asset’s 1989 vintage is slightly older than the neighborhood average construction year (early 1990s). For investors, that creates clear value-add pathways in unit interiors and common areas while planning for system upgrades to sharpen competitive positioning against newer stock.
Neighborhood safety trends are mixed but improving in key areas. Overall safety performance is roughly average nationally (around the 51st percentile) and mid-pack within the Los Angeles metro (ranked 789 out of 1,441 neighborhoods). Year-over-year, both property and violent offense rates have declined materially, placing the neighborhood’s improvement trajectory in a stronger tier nationally.
For underwriting, these comparative and trend indicators suggest steady conditions without relying on outsized safety-driven rent premiums. As always, property-level security design, lighting, and operations should align with local norms and resident expectations.
Nearby corporate employment anchors span pharmaceuticals distribution, medical devices, telecom, life sciences, and insurance. This mix supports workforce housing demand and commute convenience for renters tied to these employers.
- AmerisourceBergen — pharmaceuticals distribution (6.9 miles)
- Boston Scientific Neuromodulation — medical devices (8.0 miles)
- Charter Communications — telecom (15.8 miles)
- Thermo Fisher Scientific — life sciences (16.3 miles)
- Farmers Insurance Exchange — insurance (17.7 miles) — HQ
18231 Jakes Way offers scale at 112 units with neighborhood occupancy near 92% and a renter-occupied share around 60%, indicating a deep tenant base and generally stable leasing conditions. The submarket’s housing fundamentals are competitive among Los Angeles neighborhoods and upper-tier nationally, while elevated ownership costs bolster renter reliance on multifamily options. According to CRE market data from WDSuite, the area shows solid income trends within a 3-mile radius, supporting sustainable rent levels rather than speculative growth.
Built in 1989, the asset is slightly older than the neighborhood average, pointing to value-add opportunities in interiors and common areas alongside prudent capital planning for building systems. Amenity coverage is practical but not premium, suggesting a strategy focused on functional upgrades, resident experience, and operational execution to sustain occupancy and retention.
- Stable neighborhood occupancy and elevated renter concentration support consistent tenant demand
- 112-unit scale enables operational efficiencies and diversified cash flow
- 1989 vintage presents clear value-add pathways with targeted renovations and system upgrades
- Rising incomes within 3 miles underpin rent levels and retention
- Risk: amenity and school strengths are moderate, so underwriting should emphasize operations over premium pricing