| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 58th | Good |
| Amenities | 54th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 28807 N Prairie Ln, Canyon Country, CA, 91387, US |
| Region / Metro | Canyon Country |
| Year of Construction | 1988 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
28807 N Prairie Ln Canyon Country 24-Unit Multifamily
Neighborhood occupancy has been resilient and competitive within the Los Angeles metro, suggesting stable leasing for well-managed assets, according to WDSuite s CRE market data.
The property sits in a suburban Canyon Country neighborhood rated B+ and competitive among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, with occupancy levels that have trended stable. For investors, that points to steady tenant retention and fewer vacancy swings relative to more volatile submarkets.
Amenities skew suburban: overall amenity access ranks above the metro median (710 of 1,441), with grocery, pharmacy, and park access performing in the upper half nationally. Restaurant and cafe density is thinner, reinforcing a car-oriented lifestyle that generally suits workforce and family renters looking for larger floor plans.
School quality sits modestly above national averages (average rating around the 61st percentile), which can help support demand from families and longer tenure. Housing fundamentals also show strength, with the neighborhood in the top quintile nationally for housing quality metrics and occupancy sitting above the metro median signals that professionally run assets can maintain consistent lease-up and renewal momentum.
Within a 3-mile radius, demographics show recent population growth alongside an increase in households, with forecasts calling for further expansion by 2028. Rising household incomes and a moderate renter concentration (share of housing units that are renter-occupied) indicate a stable tenant base, while elevated ownership costs in the area tend to sustain reliance on multifamily rentals and support pricing power over time.
Safety outcomes in this neighborhood track below national medians, and crime levels are higher than many Los Angeles metro peers. That said, WDSuite s CRE market data indicates recent improvement in property-related incidents, suggesting risk management and security-focused operations can materially influence performance.
Investors should underwrite with prudent assumptions and consider measures that enhance on-site safety, which can aid retention and protect NOI in markets where crime trends are mixed.
Proximity to regional employers supports a steady renter pipeline of healthcare, life sciences, and corporate services workers, helping reduce turnover and commute friction. Notable nearby employers include Amerisourcebergen, Boston Scientific Neuromodulation, Charter Communications, Waste Management, and Thermo Fisher Scientific.
- Amerisourcebergen pharmaceuticals distribution (8.8 miles)
- Boston Scientific Neuromodulation medical devices (9.7 miles)
- Charter Communications telecommunications (16.3 miles)
- Waste Management - Palmdale environmental services (18.0 miles)
- Thermo Fisher Scientific life sciences (18.7 miles)
This 24-unit asset benefits from a suburban location with occupancy that is competitive among Los Angeles neighborhoods and housing fundamentals in the upper tiers nationally. Elevated home values in the area reinforce renter reliance on multifamily housing, while moderate rent-to-income dynamics support lease retention and measured pricing power for well-operated communities.
Within a 3-mile radius, recent population growth and rising household incomes indicate a larger tenant base ahead, with forecasts pointing to continued household expansion that supports occupancy stability. Based on commercial real estate analysis from WDSuite, neighborhood rents and income trends are aligned in a way that can sustain demand without overextending affordability, positioning value-add and operational upgrades to translate into durable NOI.
- Competitive neighborhood occupancy supports stable leasing and renewal momentum.
- Elevated ownership costs sustain multifamily demand and pricing power.
- 3-mile population and household growth expand the renter pool over time.
- Income growth aligns with rent levels, aiding retention and NOI durability.
- Risk: safety metrics trail national medians; underwrite for security and asset management investments.