| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 54th | Fair |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18410 Oak Canyon Rd, Canyon Country, CA, 91387, US |
| Region / Metro | Canyon Country |
| Year of Construction | 1999 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18410 Oak Canyon Rd Canyon Country Multifamily Investment
This 24-unit property built in 1999 benefits from strong neighborhood fundamentals including high median rents and solid occupancy rates. According to CRE market data from WDSuite, the area shows resilient rental demand with above-average NOI performance metrics.
Canyon Country presents a compelling multifamily investment environment within the Los Angeles metro, ranking in the top quartile nationally for housing fundamentals among 1,491 metro neighborhoods. The neighborhood demonstrates strong rental demand with 60.2% of housing units renter-occupied, significantly above the national average and indicating robust tenant demand. Median contract rents of $2,228 reflect healthy pricing power, while neighborhood-level occupancy rates of 92.0% suggest stable absorption despite some recent softening.
Demographics within a 3-mile radius support long-term rental demand, with median household income of $105,972 and population growth of 9.8% over the past five years. The area benefits from substantial household formation, with projections showing continued expansion in the renter pool through 2028. Higher home values relative to income levels reinforce rental demand, as elevated ownership costs sustain renter reliance on multifamily housing.
The property's 1999 construction year positions it well within the neighborhood's building stock, which averages 1992. This vintage suggests manageable near-term capital expenditure requirements while offering potential value-add opportunities through strategic improvements. Amenity access includes adequate grocery and restaurant density, though limited parks and cafes may impact tenant retention considerations in competitive lease-up scenarios.
Safety metrics for the Canyon Country neighborhood show mixed performance relative to regional and national benchmarks. Property crime rates rank in the lower half among Los Angeles metro neighborhoods, though recent trends show improvement with a 30.7% decline in property offense rates over the past year. Violent crime rates are more competitive, ranking in the upper half of metro neighborhoods with similar year-over-year improvement trends of 30.3% reduction.
While crime statistics require ongoing monitoring for tenant retention and marketing considerations, the improving trend direction supports stable occupancy fundamentals. Investors should factor safety perceptions into leasing velocity and renewal rate projections, particularly for properties targeting families with children who represent a significant demographic within the 3-mile radius.
The Canyon Country area benefits from proximity to major corporate employers that support workforce housing demand and commute convenience for tenants.
- Amerisourcebergen — pharmaceutical distribution (6.8 miles)
- Boston Scientific Neuromodulation — medical technology (7.9 miles)
- Charter Communications — telecommunications (15.7 miles)
- Thermo Fisher Scientific — life sciences (16.1 miles)
- Farmers Insurance Exchange — insurance — HQ (17.4 miles)
This Canyon Country property offers solid fundamentals within a neighborhood that ranks in the top quartile nationally for housing metrics. The 1999 construction provides a balance of modern amenities without excessive near-term capital requirements, while the area's 60.2% renter-occupied housing stock indicates sustained multifamily demand. Demographic projections show continued household growth within the 3-mile radius, supporting tenant pool expansion and occupancy stability.
Based on multifamily property research, the neighborhood demonstrates competitive NOI performance ranking in the 90th percentile nationally, reflecting strong operational fundamentals. However, investors should monitor recent occupancy softening and consider the limited amenity density for tenant retention strategies. The property's vintage and location provide value-add potential through strategic improvements while benefiting from proximity to major employment centers.
- Strong rental demand with 60.2% renter-occupied housing units
- Top quartile national housing fundamentals among metro neighborhoods
- 1999 construction offers value-add potential with manageable capital needs
- Demographic growth supports expanding tenant base through 2028
- Recent occupancy softening requires monitoring for lease management strategies