| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 33rd | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14047 W Foothill Blvd, Sylmar, CA, 91342, US |
| Region / Metro | Sylmar |
| Year of Construction | 1979 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14047 W Foothill Blvd Sylmar Multifamily Investment
This 30-unit property benefits from strong neighborhood occupancy at 93.1% and elevated home values that sustain rental demand, according to WDSuite's CRE market data.
This Sylmar neighborhood demonstrates solid fundamentals for multifamily investors, ranking 532nd among 1,441 Los Angeles metro neighborhoods with a B+ rating. The area maintains neighborhood-level occupancy at 93.1%, though slightly below historical levels. With 60.8% of housing units renter-occupied—placing it in the top quartile nationally—the neighborhood provides a substantial tenant base for multifamily properties.
Demographics within a 3-mile radius show stability with 115,948 residents and modest household growth of 1.3% over five years. The median household income of $86,544 supports rental demand, while projected income growth to $131,206 by 2028 indicates strengthening purchasing power. The area's construction vintage from 1979 aligns closely with the neighborhood average of 1982, suggesting consistent building stock without significant capital expenditure pressures relative to surrounding properties.
Home values averaging $517,600 represent an 85th percentile nationally, creating affordability barriers to ownership that reinforce rental housing demand. The rent-to-income ratio of 0.25 indicates manageable affordability for tenants, supporting lease retention. Local amenities include above-average grocery store density (95th percentile nationally) and strong cafe and childcare access, enhancing tenant appeal and retention potential.
The neighborhood demonstrates improving safety trends that support tenant retention and property stability. Property crime rates rank 148th out of 1,441 metro neighborhoods, placing the area above metro average for security. Notably, both property crime and violent crime have declined substantially over the past year, with property offenses decreasing 85.1% and violent crimes down 88.6%—both improvements ranking in the 99th percentile nationally for crime reduction.
Current violent crime rates of 21.0 incidents per 100,000 residents position the neighborhood competitively among Los Angeles metro areas. These positive safety trends, combined with the area's urban core designation and strong amenity access, create a more attractive environment for prospective tenants and support occupancy stability.
The employment base within commuting distance includes major corporate offices that support workforce housing demand and tenant stability in the broader San Fernando Valley market.
- Charter Communications — telecommunications (9.6 miles)
- Amerisourcebergen — pharmaceutical distribution (11.3 miles)
- Thermo Fisher Scientific — life sciences (12.5 miles)
- Disney — entertainment & media (12.7 miles) — HQ
- Farmers Insurance Exchange — insurance (12.9 miles) — HQ
This 30-unit Sylmar property offers stable cash flow potential in a neighborhood with strong rental fundamentals. The 60.8% renter concentration provides deep tenant demand, while elevated home values at $517,600 sustain reliance on rental housing. Neighborhood-level occupancy at 93.1% demonstrates market stability, supported by projected household income growth of 51.6% through 2028 based on CRE market data from WDSuite.
The 1979 construction year aligns with neighborhood norms, minimizing capital expenditure concerns while offering potential value-add opportunities. Strong amenity density, including top-quartile grocery and childcare access, enhances tenant retention. Improving safety trends with substantial crime reductions create a more attractive rental environment for long-term occupancy stability.
- Strong rental demand with 60.8% renter-occupied units (top quartile nationally)
- Elevated home values ($517,600) sustain rental housing reliance
- Projected 51.6% household income growth supports rent growth potential
- Major employers within 15 miles provide workforce stability
- Risk: Neighborhood occupancy slightly below historical peaks