| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 40th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 23755 Via Canon, Newhall, CA, 91321, US |
| Region / Metro | Newhall |
| Year of Construction | 1985 |
| Units | 88 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
23755 Via Canon Newhall Multifamily Investment
This 88-unit property built in 1985 operates in a neighborhood with 95.2% occupancy rates and strong NOI performance in the 93rd national percentile according to CRE market data from WDSuite.
Located in Newhall within Los Angeles County, this property serves a stable rental market with neighborhood-level occupancy at 95.2%, ranking in the 73rd percentile nationally. The area maintains a 56.6% renter-occupied housing share, indicating solid rental demand fundamentals. With median contract rents at $2,018, the neighborhood ranks in the 92nd percentile nationally for rent levels.
The property's 1985 construction year aligns closely with the neighborhood average of 1988, suggesting consistent building stock that may present value-add renovation opportunities for investors seeking to modernize units and capture rent premiums. Demographics within a 3-mile radius show a population of approximately 39,240 with median household income of $106,842, supporting the higher rent structure.
The neighborhood demonstrates strong NOI performance, ranking in the 93rd percentile nationally at $13,955 per unit average. However, amenity density remains limited with minimal nearby cafes, restaurants, and retail options, which investors should consider for tenant retention strategies. Home values averaging $596,783 support rental demand by maintaining elevated ownership costs that keep households in the rental market.
The neighborhood maintains moderate safety metrics with property crime rates at 274.8 incidents per 100,000 residents, ranking around the middle among 1,441 Los Angeles metro neighborhoods. Notably, property crime has declined 52.8% year-over-year, placing the area in the 89th percentile nationally for crime reduction trends.
Violent crime rates remain relatively low at 68.6 incidents per 100,000 residents, though showing a modest 8.4% increase year-over-year. Overall crime performance ranks in the 54th percentile nationally, indicating average safety conditions compared to neighborhoods across the country.
The property benefits from proximity to major corporate employers across healthcare, insurance, and technology sectors, providing workforce housing opportunities for commuting professionals.
- Amerisourcebergen — pharmaceutical distribution (5.6 miles)
- Boston Scientific Neuromodulation — medical devices (7.1 miles)
- Thermo Fisher Scientific — life sciences (12.2 miles)
- Farmers Insurance Exchange — insurance services (13.8 miles) — HQ
- Charter Communications — telecommunications (15.3 miles)
This 88-unit property presents a solid multifamily investment opportunity anchored by strong occupancy fundamentals and above-average NOI performance. The neighborhood's 95.2% occupancy rate and $13,955 per unit NOI ranking in the 93rd percentile nationally demonstrate operational stability. Built in 1985, the property offers potential value-add opportunities through unit renovations and common area improvements to capture additional rent growth in a market with median rents at $2,018.
Demographics within a 3-mile radius support rental demand with a population of approximately 39,240 and median household income of $106,842. The area's 56.6% renter-occupied housing share and elevated home values averaging $596,783 reinforce rental demand by maintaining ownership cost barriers. However, investors should monitor the limited amenity density and plan for potential tenant retention strategies in this lower-amenity environment.
- Strong occupancy fundamentals with 95.2% neighborhood rates ranking in 73rd percentile nationally
- Exceptional NOI performance at $13,955 per unit, 93rd percentile nationally
- Value-add potential through 1985 vintage property improvements and modernization
- Stable rental demand supported by high ownership costs and 56.6% renter occupancy
- Risk consideration: Limited amenity density may impact tenant retention and require active management