| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 52nd | Fair |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1007 E Lomita Ave, Glendale, CA, 91205, US |
| Region / Metro | Glendale |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | 2003-12-18 |
| Transaction Price | $1,500,000 |
| Buyer | CHEN JEFFERSON W |
| Seller | CHEN WILLIAM S |
1007 E Lomita Ave Glendale Multifamily Investment
Positioned in Glendale s amenity-rich Urban Core, the asset benefits from strong neighborhood occupancy and deep renter demand, according to WDSuite s CRE market data. Steady leasing fundamentals and proximity to major employers support durable income with prudent asset management.
The neighborhood posts an A rating and ranks 140 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods, signaling competitive fundamentals at the metro level. Amenity access is a clear strength, with restaurants, pharmacies, and grocery options among the top national percentiles, supporting daily convenience and leasing appeal.
Occupancy in the neighborhood is elevated relative to national norms, and the share of housing units that are renter-occupied is high, indicating a deep tenant base and resilience for multifamily demand. Median home values in the area are elevated compared with most U.S. neighborhoods, which tends to sustain reliance on rental housing and can aid pricing power when managed carefully.
Within a 3-mile radius, recent years show a modest decline in population alongside a small increase in households, pointing to smaller household sizes and a stable to expanding renter pool. Forward-looking estimates indicate further growth in households in the same radius, which can support occupancy stability and absorption for well-located properties.
Built in 1973, the property is slightly newer than the area s average vintage. That positioning helps competitiveness versus older stock, while still leaving room for targeted modernization and building systems updates to enhance rents and retention over time.
Neighborhood safety indicators compare favorably to many U.S. neighborhoods, with overall crime levels sitting above the national median for safety. Property-related offenses are particularly low by national comparison, a positive signal for day-to-day operations and resident experience.
At the metro level, this neighborhood s crime profile is competitive among Los Angeles-Long Beach-Glendale areas (benchmarked against 1,441 neighborhoods). That said, recent estimates show volatility in violent offense trends year over year, which warrants continued monitoring and proactive property-level measures.
Proximity to a diverse employment base supports commuter convenience and renter retention, including corporate offices in materials, entertainment, and technology that draw a steady workforce.
- Avery Dennison corporate offices (1.3 miles) HQ
- Disney corporate offices (4.8 miles) HQ
- Radio Disney corporate offices (5.7 miles)
- Microsoft corporate offices (6.1 miles)
- Reliance Steel & Aluminum corporate offices (6.2 miles) HQ
This 24-unit asset in Glendale benefits from an A-rated neighborhood with strong amenity density and sustained renter-occupied housing concentration, supporting durable demand and occupancy stability. Elevated home values in the area reinforce reliance on multifamily rentals, while the property s 1973 vintage offers potential for targeted value-add through modernization and system upgrades relative to older competing stock.
Households within a 3-mile radius have been increasing and are projected to expand further, indicating a larger tenant base even as population trends edge lower, which can support absorption and lease retention. According to CRE market data from WDSuite, neighborhood occupancy outperforms national averages, but elevated rent-to-income ratios locally suggest careful pricing and renewal strategies are important to balance growth with retention.
- A-rated, amenity-rich neighborhood with competitive metro standing (140 of 1,441) aids leasing momentum
- High renter-occupied housing share and above-average neighborhood occupancy support income durability
- Elevated local home values sustain rental demand and potential pricing power
- 1973 vintage offers value-add potential via targeted renovations and building system updates
- Risks: elevated rent-to-income ratios and recent safety trend volatility require disciplined lease and asset management