| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 54th | Fair |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18402 Jakes Way, Canyon Country, CA, 91387, US |
| Region / Metro | Canyon Country |
| Year of Construction | 1987 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18402 Jakes Way Canyon Country Multifamily Opportunity
Neighborhood data point to steady renter demand and mid-range occupancy, according to WDSuite’s CRE market data, with metrics measured at the neighborhood level rather than the property. Strong household incomes in the surrounding area support pricing power while keeping a focus on retention and affordability management.
Located in Canyon Country within the Los Angeles-Long Beach-Glendale metro, the neighborhood shows a B- rating and a renter-occupied share that sits in a high national percentile, signaling a deep tenant base for multifamily. Neighborhood occupancy is around national norms, offering a foundation for stable leasing while warranting active management to sustain performance through cycles.
Daily-needs access is a relative strength: grocery and restaurant density ranks in the top quartile nationally, supporting resident convenience and lease retention. By contrast, cafés, parks, and pharmacies are limited within the neighborhood, so residents may rely on nearby districts for those amenities. Average public school ratings land modestly above the national midpoint, which can support family-oriented renter segments.
The property’s 1987 vintage is slightly older than the neighborhood’s average construction year (1992). For investors, that points to potential value-add through unit and systems modernization, along with prudent capital planning to maintain competitive positioning versus newer stock.
Within a 3-mile radius, demographics indicate population growth over the last five years with further growth forecast, alongside rising household counts and solid income levels. This expanding renter pool supports demand for rental units and underpins occupancy stability. Median home values in the neighborhood are elevated versus national norms, a high-cost ownership context that typically sustains reliance on multifamily housing and helps support pricing power while keeping an eye on rent-to-income affordability.
Financially, neighborhood-level NOI per unit sits in the top decile nationwide, according to CRE market data from WDSuite, reflecting strong operating potential when combined with effective expense control and targeted renovations.
Safety indicators for the neighborhood sit near the middle of national comparisons overall, with violent and property offense rates trending lower year over year. Relative to the 1,441 neighborhoods across the Los Angeles-Long Beach-Glendale metro, recent readings place this area in the lower half, so investors should underwrite prudent security measures and resident experience initiatives while recognizing the improving trajectory.
Proximity to regional employers in pharmaceuticals, medical devices, life sciences, telecom, and insurance supports a broad renter base and commute convenience for workforce tenants. The employers below reflect the nearby drivers most likely to influence leasing and retention.
- AmerisourceBergen — pharmaceutical distribution (6.7 miles)
- Boston Scientific Neuromodulation — medical devices (7.9 miles)
- Charter Communications — telecom (15.9 miles)
- Thermo Fisher Scientific — life sciences (16.2 miles)
- Farmers Insurance Exchange — insurance (17.5 miles) — HQ
18402 Jakes Way combines a sizable unit count with neighborhood fundamentals that support multifamily demand. The area’s renter-occupied share is high relative to national norms, and occupancy sits around national averages, suggesting a stable base with room to enhance performance via targeted operations. Elevated neighborhood home values reinforce renter reliance on multifamily, while nearby daily-needs retail (notably groceries and restaurants) supports resident convenience and retention. The 1987 vintage introduces value-add potential through modernization and selective capital improvements to compete effectively with newer stock.
According to CRE market data from WDSuite, neighborhood NOI per unit ranks among the stronger cohorts nationally, and 3-mile demographics point to population and household growth that should expand the tenant base over time. Investors should balance these advantages against amenity gaps (limited parks, pharmacies, cafés within the neighborhood), mid-pack safety standings despite recent improvements, and typical affordability pressure management in a high-cost ownership market.
- High renter concentration at the neighborhood level supports demand depth and leasing stability.
- 1987 vintage offers value-add and capex-driven upside to strengthen competitive positioning.
- Daily-needs access (groceries/restaurants) and proximity to major employers bolster retention.
- Strong neighborhood NOI-per-unit profile, per WDSuite, with population and household growth in the 3-mile area expanding the renter pool.
- Risks: limited neighborhood parks/pharmacies/cafés, mid-range safety metrics, and affordability pressures requiring disciplined lease management.