| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 49th | Fair |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8567 Foothill Blvd, Sunland, CA, 91040, US |
| Region / Metro | Sunland |
| Year of Construction | 1988 |
| Units | 71 |
| Transaction Date | 1994-07-28 |
| Transaction Price | $2,650,000 |
| Buyer | SHERMAN GROVE APARTMENTS LP |
| Seller | CITIBANK FSB |
8567 Foothill Blvd Sunland Multifamily Investment
This 71-unit property benefits from strong neighborhood-level occupancy at 93% and a highly rental-oriented market with 67% of housing units occupied by renters. The area shows resilient fundamentals according to CRE market data from WDSuite, with household income growth supporting rental demand stability.
Sunland presents a balanced investment environment within the Los Angeles metro, with neighborhood-level occupancy rates of 93% and a substantial rental market where 67% of housing units are renter-occupied. The area ranks in the top quartile nationally for rental share among 1,441 metro neighborhoods, indicating strong structural demand for multifamily housing. Demographics within a 3-mile radius show a stable tenant base with median household income of $93,714 and projected growth to $117,851 by 2028.
The 1988 construction year aligns with the neighborhood average vintage of 1960, suggesting consistent building stock without immediate capital expenditure pressures. Current median rents of $1,706 rank competitively among metro neighborhoods while maintaining favorable affordability metrics with a rent-to-income ratio of 0.21. Home values averaging $730,871 create elevated ownership costs that reinforce rental demand and support tenant retention in the multifamily market.
Amenity access supports tenant appeal with above-average grocery store density at 2.65 per square mile ranking in the 88th percentile nationally, and strong pharmacy access at 2.65 per square mile in the 96th percentile. The neighborhood shows solid fundamentals for workforce housing, with demographic projections indicating household growth from 16,991 to 23,197 units by 2028, expanding the potential renter pool by 37%.
The neighborhood demonstrates improving safety trends with property crime rates declining 79% year-over-year and violent crime dropping 89%. Current property offense rates of 68.5 per 100,000 residents rank in the 71st percentile nationally, indicating above-average safety performance compared to neighborhoods nationwide. Among 1,441 Los Angeles metro neighborhoods, the area ranks 128th for overall crime metrics, placing it in the top decile for safety within the region.
These positive safety trends support tenant retention and property values, with the substantial year-over-year crime reductions suggesting ongoing neighborhood stabilization. The combination of low violent crime rates and declining property crime creates a more attractive environment for long-term renters and supports occupancy stability.
The surrounding employment base includes major corporate headquarters and offices within commuting distance, providing workforce housing opportunities for diverse professional sectors.
- Charter Communications — telecommunications (4.4 miles)
- Disney — entertainment & media (7.1 miles) — HQ
- Radio Disney — media & broadcasting (7.5 miles)
- Avery Dennison — materials & manufacturing (8.0 miles) — HQ
- Live Nation Entertainment — entertainment services (11.0 miles)
This 71-unit property offers stable fundamentals in a rental-oriented market with 93% neighborhood occupancy and strong demographic support. The 1988 vintage aligns with area norms while household income growth from $93,714 to a projected $117,851 by 2028 supports rental demand expansion. Elevated home values averaging $730,871 reinforce rental market dynamics by maintaining ownership barriers that keep households in multifamily housing.
According to multifamily property research from WDSuite, the neighborhood ranks in the top quartile nationally for rental share, indicating structural demand depth. Projected household growth of 37% through 2028 expands the potential tenant base, while improving safety metrics with 79% property crime reduction support retention and occupancy stability. The combination of workforce proximity to major employers like Disney and Charter Communications enhances leasing appeal for professional tenants.
- Strong occupancy fundamentals with 93% neighborhood-level rates and 67% rental tenure share
- Household income growth trajectory supporting rental demand through 2028
- Elevated ownership costs reinforce multifamily demand in the submarket
- Proximity to major corporate employers provides workforce housing opportunities
- Risk consideration: Monitor potential ownership competition as household incomes rise