| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 55th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1010 E Acacia Ave, Glendale, CA, 91205, US |
| Region / Metro | Glendale |
| Year of Construction | 1988 |
| Units | 31 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1010 E Acacia Ave Glendale Multifamily near Major Employers
Neighborhood metrics point to a high renter-occupied share and strong amenity access that support durable tenant demand, with neighborhood occupancy showing recent softening, according to WDSuite’s CRE market data.
Located in Glendale’s Urban Core, the property benefits from a neighborhood rated A and ranked 178 out of 1,441 in the Los Angeles-Long Beach-Glendale metro—competitive among metro neighborhoods. Dense amenities stand out: cafes, grocery options, parks, and pharmacies are all in the top quartile nationally, reinforcing daily convenience and walkable lifestyle drivers that can support leasing velocity and retention.
Renter-occupied housing accounts for a large share in the neighborhood (70.5% renter concentration), signaling a deep tenant base for multifamily operators. Neighborhood occupancy is solid but below the metro median on a rank basis, suggesting the need for active leasing and renewals management rather than reliance on automatic absorption. Median contract rents sit in the upper national percentiles, and NOI per unit ranks competitively in the metro with strong national positioning—both consistent with a mature, amenity-rich submarket.
Within a 3-mile radius, population has edged down slightly while household counts have increased, indicating smaller household sizes and a gradually expanding renter pool. Median household incomes have risen meaningfully, which helps support asking rents and occupancy stability even as demographics shift. Elevated home values relative to incomes in the neighborhood create a high-cost ownership market, which tends to sustain reliance on multifamily rentals and can bolster pricing power and lease retention.
Built in 1988, the asset is newer than the neighborhood’s average 1963 vintage, offering competitive positioning versus older stock. Investors should still plan for targeted systems modernization and light upgrades to maintain relevance against newer deliveries while extracting value-add potential where finishes or amenities lag the local competitive set.
Neighborhood safety compares favorably: based on metro ranks, the area sits in the top quartile among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, and national percentiles indicate stronger-than-average safety relative to neighborhoods nationwide. Recent data also point to year-over-year declines in both violent and property offenses, which supports long-term renter appeal and lease stability.
Proximity to major employers anchors renter demand, with convenient commutes to Avery Dennison, Disney, Microsoft, Reliance Steel & Aluminum, and CBRE Group supporting workforce housing fundamentals in this part of Glendale.
- Avery Dennison — materials & labeling (1.7 miles) — HQ
- Disney — entertainment (4.9 miles) — HQ
- Microsoft — technology (5.7 miles)
- Reliance Steel & Aluminum — metals distribution (5.8 miles) — HQ
- CBRE Group — commercial real estate services (5.8 miles) — HQ
This 31-unit, 1988-vintage asset sits in an amenity-rich Urban Core location with a high renter-occupied share and strong national amenity percentiles, supporting a sizable tenant base and durable demand. While neighborhood occupancy ranks below the metro median, competitive NOI per unit and elevated local home values point to sustained reliance on rentals and potential for steady leasing in well-managed assets, based on commercial real estate analysis from WDSuite.
The vintage is newer than the local average, offering a relative edge versus older stock while leaving room for targeted capital plans to refresh systems and finishes. Within a 3-mile radius, household growth alongside smaller household sizes and rising incomes indicates a gradually expanding renter pool that can support occupancy stability and rent positioning over time.
- Amenity-dense Urban Core with competitive metro rank and top-quartile national access to daily needs
- High renter-occupied share signals depth of tenant demand for multifamily
- 1988 construction offers competitive positioning versus older stock with value-add/modernization upside
- Elevated ownership costs reinforce rental reliance and support pricing power and retention
- Risks: occupancy ranks below metro median and rent-to-income pressures require proactive leasing and renewals management