| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 45th | Fair |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8757 Canby Ave, Northridge, CA, 91325, US |
| Region / Metro | Northridge |
| Year of Construction | 1986 |
| Units | 61 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8757 Canby Ave, Northridge CA Multifamily Investment
Neighborhood-level occupancy remains solid and renter demand is deep in Northridge, according to WDSuite s CRE market data, suggesting stable leasing conditions for a professionally operated asset. Elevated ownership costs in the area further support multifamily tenancy while requiring disciplined rent strategies to manage affordability pressure.
Northridge s Urban Core setting scores A- overall and is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 347 out of 1,441), indicating balanced fundamentals for long-term multifamily performance. Neighborhood occupancy is strong and sits in the top quartile nationally, supporting lease stability at the neighborhood level rather than for any single property.
Amenity access is a clear strength: restaurant, grocery, and pharmacy densities are among the highest nationally, and cafes are in the top quartile. This concentration of daily needs and dining typically supports resident retention and reduces friction in lease-ups. The main trade-off is limited immediate park access, which some renters may weigh in their location decisions.
For tenure, the neighborhood shows a high share of renter-occupied housing units (top decile nationally), signaling depth in the tenant base and consistent demand for multifamily. Median home values are elevated (top 5% nationally), which tends to reinforce reliance on rentals and can support pricing power when operations and positioning are strong.
The asset s 1986 vintage is newer than the neighborhood s average construction year of 1976, which can provide a competitive edge versus older stock. Investors should still plan for selective system updates and modernization to meet renter expectations and sustain occupancy.
Demographics within a 3-mile radius point to a larger number of households despite modest population softness, implying smaller household sizes and a potentially broader renter pool. Rising median and mean household incomes over the past five years, based on commercial real estate analysis from WDSuite, support ability to pay, though rent-to-income levels suggest prudent lease management remains important.
Safety metrics for the neighborhood are competitive among Los Angeles-Long Beach-Glendale neighborhoods (crime rank 420 out of 1,441) and sit around the mid-to-upper range nationally, with the area safer than many neighborhoods across the country. Recent data also show notable year-over-year declines in both violent and property offense estimates, which, if sustained, would be constructive for renter confidence and retention.
Proximity to diversified employers underpins renter demand and commute convenience, with notable presence in life sciences, insurance, media, and energy. The nearby base supports workforce housing dynamics and can aid leasing stability for well-positioned assets.
- Thermo Fisher Scientific corporate offices (4.9 miles)
- Farmers Insurance Exchange insurance (5.0 miles) HQ
- Charter Communications telecommunications (11.1 miles)
- Radio Disney media (12.3 miles)
- Occidental Petroleum energy (12.9 miles) HQ
8757 Canby Ave is a 61-unit, 1986-vintage community positioned in a competitive Northridge neighborhood where renter concentration and amenity access support durable demand. Neighborhood occupancy trends are strong on a national basis, and elevated for-sale values in Los Angeles reinforce reliance on rental housing, providing a tailwind for stabilized operations. Based on CRE market data from WDSuite, the submarket s amenity density and commuter access to major employers further enhance leasing prospects.
Relative to the neighborhood s older average stock, 1986 construction can offer a competitive position, with room for targeted value-add through interior refreshes and building system updates. Investors should balance this with thoughtful rent setting: rent-to-income levels point to affordability pressure, and lower school ratings plus limited park access may influence family-oriented demand and renewal behavior.
- Strong neighborhood-level occupancy and high renter concentration support leasing stability
- Elevated ownership costs bolster multifamily demand and pricing power when operations are disciplined
- 1986 vintage versus older neighborhood stock suggests competitive positioning with value-add upside
- Dense retail, dining, and employer access underpin tenant retention
- Risks: affordability pressure (rent-to-income), school ratings, and limited park access call for careful lease and capital planning