| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 55th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1014 Raleigh St, Glendale, CA, 91205, US |
| Region / Metro | Glendale |
| Year of Construction | 1987 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1014 Raleigh St Glendale Multifamily Investment
This 36-unit property benefits from strong renter concentration and proximity to major corporate employers in the Los Angeles metro. According to WDSuite's CRE market data, the neighborhood maintains above-average net operating income per unit compared to national benchmarks.
Located in Glendale's Urban Core, this neighborhood ranks in the top quartile among 1,441 Los Angeles metro neighborhoods for amenity access, with exceptional density of cafes, grocery stores, and parks that support tenant retention. The area maintains 70.5% renter-occupied housing units, indicating a substantial tenant base for multifamily properties.
Built in 1987, the property is newer than the neighborhood's 1963 average construction year, potentially reducing near-term capital expenditure needs compared to surrounding building stock. Demographics within a 3-mile radius show household count growth of 2.5% over five years despite slight population decline, suggesting household formation patterns that support rental demand.
Median home values of $840,703 represent a 96th national percentile, with high ownership costs sustaining rental demand in this market. However, rent-to-income ratios at the 4th national percentile indicate affordability pressure that requires careful lease management considerations. Neighborhood-level occupancy of 93% provides stability, though this has declined 3.9 percentage points over five years, warranting attention to retention strategies.
The neighborhood demonstrates strong safety fundamentals, ranking 73rd of 1,441 Los Angeles metro neighborhoods for overall crime metrics and achieving the 87th national percentile for safety compared to neighborhoods nationwide. Property crime rates show particularly favorable trends, with a 63% year-over-year decrease contributing to tenant appeal and retention potential.
Violent crime rates place the area in the 77th national percentile, with recent improvements including a 37% reduction over the past year. These safety improvements support the neighborhood's investment attractiveness and may contribute to occupancy stability over time.
The property benefits from proximity to several major corporate employers that anchor employment demand in the greater Los Angeles area, providing workforce housing opportunities within commuting distance of significant job centers.
- Avery Dennison — materials science and manufacturing (1.5 miles) — HQ
- Disney — entertainment and media (4.9 miles) — HQ
- Radio Disney — broadcasting (5.8 miles)
- Microsoft — technology (5.9 miles)
- Reliance Steel & Aluminum — metals distribution (6.0 miles) — HQ
This Glendale multifamily property offers exposure to a high-density renter market with 70.5% renter-occupied units, ranking in the 97th national percentile for rental concentration. The 1987 construction year provides a competitive advantage over the neighborhood's older building stock, while proximity to major employers including Avery Dennison and Disney supports workforce housing demand.
Based on CRE market data from WDSuite, the neighborhood achieves above-average net operating income per unit at the 87th national percentile, indicating strong fundamentals despite some occupancy softening. High home values sustain rental demand, though rent-to-income pressures require active management attention.
- Strong renter concentration at 97th national percentile supports tenant base depth
- Above-average NOI per unit performance compared to national benchmarks
- Proximity to major corporate employers including Fortune 500 headquarters
- Newer vintage relative to neighborhood average reduces near-term capital needs
- Risk: Rent-to-income ratios indicate affordability pressure requiring careful lease management