| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 64th | Good |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8608 Foothill Blvd, Sunland, CA, 91040, US |
| Region / Metro | Sunland |
| Year of Construction | 1983 |
| Units | 38 |
| Transaction Date | 2018-07-06 |
| Transaction Price | $9,150,000 |
| Buyer | Sussex Foothill Llc |
| Seller | 8608 Foothill Blvd Llc, Private Investor, JP Cohen Property Management, David, Price/unit and /sf |
8608 Foothill Blvd Sunland CA Multifamily Investment
Positioned in a high-cost ownership pocket of Los Angeles County, this asset benefits from renter reliance on multifamily housing and steady local incomes, according to WDSuite’s CRE market data. Neighborhood metrics indicate balanced demand drivers rather than dependence on a single catalyst.
The property sits in an Inner Suburb of the Los Angeles-Long Beach-Glendale metro with a B- neighborhood rating, offering a blend of residential stability and access to city employment centers. Neighborhood amenity data shows dining and cafe density in the top quartile nationally, while daily-needs options like grocery and pharmacy are thinner locally—an operational consideration for resident convenience and retention.
Within the neighborhood, renter-occupied housing represents roughly 26% of units, indicating an owner-leaning base but a defined renter pool that can support multifamily demand. Home values rank in the upper tier nationally, reinforcing reliance on rentals and supporting pricing power if management maintains product quality and service. School ratings sit modestly above national medians, adding to residential appeal for a range of households.
Demographic statistics aggregated within a 3-mile radius point to recent population growth, rising median incomes, and a projected increase in households over the next five years—signals of a larger tenant base and support for occupancy stability. With rent-to-income ratios around mid-range by national standards, lease management can prioritize retention while pursuing measured rent growth in line with product positioning.
On property positioning, the 1983 vintage is newer than the neighborhood average stock from the early 1970s, which can provide a competitive edge versus older assets. Investors should still plan for targeted system upgrades and common-area refreshes to capture value-add upside and meet contemporary renter expectations.
Safety indicators for the neighborhood compare favorably to many U.S. areas, with violent and property offense measures sitting above national safety medians and showing notable year-over-year improvement. Trends suggest directional gains rather than a static snapshot, which can support leasing stability and resident satisfaction when paired with active property management and local engagement.
- Charter Communications — telecommunications (4.4 miles)
- Disney — media & entertainment (7.1 miles) — HQ
- Radio Disney — media (7.5 miles)
- Avery Dennison — branded materials & packaging (8.0 miles) — HQ
- Live Nation Entertainment — live entertainment offices (11.0 miles)
Employment access is anchored by nearby corporate offices that broaden the renter base and support retention through commute convenience, including roles in media, communications, and branded manufacturing.
This 38-unit asset with larger average floorplans (about 970 sq. ft.) is positioned in an owner-leaning Los Angeles County neighborhood where elevated home values sustain multifamily demand. According to commercial real estate analysis from WDSuite, neighborhood dining and cafe density is strong by national standards, while the ownership cost environment supports renter reliance—favorable for lease retention when operations emphasize service and product quality.
Built in 1983, the property is newer than much of the local housing stock, offering competitive positioning versus older assets and potential value-add through targeted modernization of interiors and building systems. Demographic trends within a 3-mile radius indicate population growth and a projected increase in households, expanding the tenant base and supporting occupancy stability over a multi-year hold, provided management calibrates rent strategy to local affordability signals.
- High-cost ownership market reinforces renter demand and can support pricing power
- 1983 vintage offers competitive edge versus older stock with targeted value-add potential
- Larger average unit sizes support family-friendly leasing and resident retention
- 3-mile projections show household growth, expanding the tenant base and supporting occupancy
- Risks: thinner nearby daily-needs retail and mixed neighborhood occupancy call for proactive leasing and service