| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 37th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 28214 Sierra Cross Ave, Canyon Country, CA, 91387, US |
| Region / Metro | Canyon Country |
| Year of Construction | 1987 |
| Units | 32 |
| Transaction Date | 2002-08-28 |
| Transaction Price | $1,053,500 |
| Buyer | CLARE MICHAEL |
| Seller | HITTERS ALLEY LTD |
28214 Sierra Cross Ave Canyon Country 32-Unit Multifamily
Neighborhood occupancy is strong and renter demand appears durable for Canyon Country, according to WDSuite’s CRE market data, supporting steady operations for a 32-unit asset. Expect stable tenancy with room to compete on product quality and management.
Canyon Country sits within the Los Angeles-Long Beach-Glendale metro and scores B- overall, indicating balanced fundamentals for multifamily investors. Neighborhood occupancy trends are robust (86th percentile nationally), a signal of demand depth and potential lease stability, based on CRE market data from WDSuite. The area’s renter-occupied share is around 46.5%, offering a meaningful tenant base while still competing with ownership options.
Amenity access skews practical: restaurants are dense relative to most U.S. neighborhoods, and grocery and pharmacy availability is competitive, while parks and cafes are more limited. This mix tends to support day-to-day livability for workforce households, though properties may need to emphasize on-site amenities to offset fewer nearby recreational options.
Within a 3-mile radius, population and household counts have been rising, with projections pointing to continued growth over the next five years. Expanding household counts imply a larger tenant base and support for occupancy, especially for well-managed assets that maintain service quality and competitive finishes.
The median construction year in the neighborhood is early 1980s; this 1987 property is slightly newer than average, which can be a competitive edge versus older stock. Investors should still plan for modernization of interiors and building systems to sustain rentability and limit downtime.
Income levels in the 3-mile area are solid, and rent-to-income in the neighborhood sits near 27%, suggesting manageable affordability pressure that can aid retention if rent growth is calibrated to income trends. These factors, together with above-median housing and amenity percentiles, position the area as competitive among Los Angeles metro neighborhoods.
Safety indicators are mixed but improving. The neighborhood’s overall crime standing is roughly middle-of-the-pack within the Los Angeles metro (rank 717 among 1,441 neighborhoods) and modestly above the national average for safety (55th percentile). According to WDSuite, estimated violent and property offense rates have both declined year over year, indicating a favorable recent trend, though property crime remains more elevated relative to national benchmarks than violent crime.
For investors, the takeaway is to underwrite with standard security and lighting upgrades, align insurance assumptions with recent trends rather than older baselines, and monitor submarket-level patterns as part of ongoing asset management.
Proximity to diversified employers supports a stable renter base and commute convenience, led by healthcare, life sciences, telecom, and insurance offices nearby: AmerisourceBergen, Boston Scientific Neuromodulation, Charter Communications, Thermo Fisher Scientific, and Farmers Insurance Exchange.
- AmerisourceBergen — pharmaceuticals distribution (7.3 miles)
- Boston Scientific Neuromodulation — medical devices (8.2 miles)
- Charter Communications — telecommunications (16.7 miles)
- Thermo Fisher Scientific — life sciences (17.7 miles)
- Farmers Insurance Exchange — insurance (19.1 miles) — HQ
This 32-unit 1987 asset aligns with an area showing above-average occupancy and solid household growth within a 3-mile radius, supporting tenant retention and leasing velocity. The property’s slightly newer vintage than the neighborhood norm can help it compete with older buildings, while targeted upgrades to interiors and systems should position it for steady performance, according to commercial real estate analysis from WDSuite.
Investor considerations include an owner-leaning tenure mix nearby (renter base is meaningful but not dominant), mixed safety indicators with recent improvement, and amenity trade-offs that may require on-site enhancements. With incomes trending higher and rent-to-income near 27% at the neighborhood level, thoughtful rent management and service quality can sustain occupancy and limit turnover risk.
- Neighborhood occupancy in the top quartile nationally supports stable leasing and retention
- 1987 vintage offers competitive positioning vs. older stock with value-add potential through modernization
- Expanding population and households within 3 miles broaden the tenant pool and support rentability
- Diverse employers within commuting range underpin workforce demand across healthcare, life sciences, and telecom
- Risks: owner-leaning tenure locally, mixed but improving safety, and limited parks/cafes requiring stronger on-site amenity strategy