| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 44th | Fair |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8155 Foothill Blvd, Sunland, CA, 91040, US |
| Region / Metro | Sunland |
| Year of Construction | 1984 |
| Units | 82 |
| Transaction Date | 2024-07-18 |
| Transaction Price | $18,250,000 |
| Buyer | SUNLAND CSI SENIOR HOUSING LP |
| Seller | BURNS MANOR VOA AFFORDABLE HOUSING LP |
8155 Foothill Blvd Sunland CA Multifamily Investment
Stabilized renter demand in this Los Angeles submarket, supported by a high-cost ownership landscape, points to steady leasing conditions, according to WDSuite s CRE market data. Positioning focuses on occupancy consistency and tenant retention rather than outsized rent growth.
Located in Sunland within Los Angeles County s Urban Core, the property benefits from practical day-to-day amenities. Neighborhood grocery and pharmacy access score in the top quartile nationally, while restaurants are also strong relative to peers. Caf e9s, parks, and childcare are thinner, so residents rely more on nearby corridors and larger retail nodes for lifestyle needs.
Neighborhood occupancy trends sit around national mid-tier levels and have been broadly steady, supporting income durability for professionally managed assets. Median contract rents in the area are comparatively elevated versus many U.S. neighborhoods, aligning with Los Angeles s deeper renter pool and pricing power at stabilized properties, based on CRE market data from WDSuite.
Vintage positioning matters: the average neighborhood construction year skews mid-1960s, while this asset was built in 1984. That places it newer than much of the local stock, a competitive edge for leasing versus older walk-up product, though investors should still plan for ongoing system updates and targeted renovations typical for 1980s construction.
Tenure patterns indicate a meaningful base of renter-occupied units locally, with 3-mile demographics showing a rising renter share over the forecast period. Within a 3-mile radius, population has grown modestly and is projected to expand further, while households are expected to increase, which enlarges the tenant base and supports occupancy stability. Average school ratings trend slightly above national norms, which can aid retention for family renters.
Ownership costs are high relative to incomes at the neighborhood level, reinforcing reliance on multifamily housing and supporting lease retention. For investors, this dynamic, coupled with solid essential retail access and established commuter connectivity across the San Fernando Valley and greater Los Angeles, underpins durable renter demand.
Neighborhood safety indicators compare favorably at the national level, with overall crime measures in the top quartile nationally. Violent offense metrics also track better than many U.S. neighborhoods, and recent year-over-year estimates indicate notable improvement in property offenses.
Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), the area performs competitively relative to several nearby neighborhoods on recent safety trends. As always, investors should review multi-year patterns and submarket context rather than single-year readings when underwriting.
Proximity to major employers supports commuter convenience and renter retention, with a concentration in telecom, entertainment, and materials/packaging. The following nearby employers anchor demand within typical daily drive times.
- Charter Communications d telecom (4.6 miles)
- Disney d entertainment & media (7.1 miles) d HQ
- Radio Disney d entertainment & media (7.6 miles)
- Avery Dennison d materials & packaging (7.7 miles) d HQ
- Live Nation Entertainment d entertainment & media (11.1 miles)
This 82-unit, 1984-vintage asset sits in a Los Angeles County neighborhood with steady occupancy, strong essential retail access, and a high-cost ownership environment that supports sustained renter demand. Being newer than much of the local 1960s-era stock, the property can compete well on functional layouts and building systems while still offering targeted value-add upside through modernization.
Within a 3-mile radius, population and household growth are projected to expand the tenant base, supporting leasing stability and renewal capture. Elevated home values in the neighborhood context reinforce renter reliance on multifamily housing, while median rents remain supported by regional incomes, according to CRE market data from WDSuite. Underwriting should balance these fundamentals against a thinner supply of lifestyle amenities like parks and caf e9s immediately adjacent to the site.
- 1984 construction is newer than neighborhood average, aiding competitive positioning with manageable modernization plans
- High-cost ownership market supports renter demand depth and lease retention
- 3-mile demographics point to population and household growth that expands the renter pool
- Essential retail access (grocery, pharmacy, restaurants) ranks strong nationally, supporting daily convenience
- Risk: fewer nearby parks/caf e9s and mid-pack occupancy warrant conservative amenity and lease-up assumptions