| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 38th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1043 Winchester Ave, Glendale, CA, 91201, US |
| Region / Metro | Glendale |
| Year of Construction | 1986 |
| Units | 30 |
| Transaction Date | 2000-12-20 |
| Transaction Price | $3,100,000 |
| Buyer | GALSTIAN GAGIK |
| Seller | WINCHESTER GLEN APARTMENTS |
1043 Winchester Ave Glendale Multifamily Investment
This 30-unit property in Glendale's Urban Core benefits from neighborhood-level occupancy at 96.8% and proximity to major corporate headquarters. According to WDSuite's CRE market data, the area maintains 84.7% rental occupancy share, supporting tenant retention in a high-demand rental market.
Located in Glendale's Urban Core, this neighborhood ranks in the top quartile nationally for housing fundamentals with an 81st percentile rating among neighborhoods nationwide. The area maintains strong occupancy at 96.8%, ranking above metro median among 1,441 Los Angeles-Long Beach-Glendale neighborhoods. With 84.7% rental occupancy share ranking 27th regionally, the neighborhood demonstrates established rental demand patterns that support multifamily investments.
Demographics within a 3-mile radius show a stable population base of approximately 143,800 residents, with households projected to increase 30.4% through 2028. The area's 66.5% renter share creates a substantial tenant pool, while median household income growth of 34.2% over five years indicates improving purchasing power among renters. Projected median rent increases to $2,665 by 2028 suggest continued pricing power for well-positioned properties.
Built in 1986, this property is newer than the neighborhood average construction year of 1961, positioning it favorably for reduced near-term capital expenditure needs compared to older local inventory. The neighborhood offers strong amenity density with 9.18 grocery stores per square mile and 5.74 cafes per square mile, both ranking in the 99th percentile nationally for convenience and tenant appeal.
Home values averaging $862,538 with 35.7% five-year appreciation create affordability barriers to ownership, potentially keeping households in the rental market longer. The high value-to-income ratio supports rental demand fundamentals, though investors should monitor concession trends and renewal rates as ownership costs may influence tenant mobility patterns.
The neighborhood maintains moderate safety metrics with crime ranking 730th among 1,441 metro neighborhoods, placing it at the 55th percentile nationally. Property offense rates of 34.08 per 100,000 residents rank in the 78th percentile compared to neighborhoods nationwide, indicating relatively lower property crime exposure.
Violent crime rates remain controlled at 9.28 per 100,000 residents, ranking 233rd regionally and achieving the 71st percentile nationally. While property offense rates increased 31.3% year-over-year, violent crime trends show more stability with 4.4% growth. Investors should factor these mixed safety trends into tenant screening and property management strategies.
The property benefits from proximity to major corporate headquarters and offices that anchor employment demand in the greater Los Angeles area. Disney and Avery Dennison provide substantial local workforce housing demand within a short commute radius.
- Avery Dennison — materials & manufacturing (2.1 miles) — HQ
- Disney — entertainment & media (2.2 miles) — HQ
- Radio Disney — media & broadcasting (3.2 miles)
- Charter Communications — telecommunications (3.7 miles)
- Live Nation Entertainment — entertainment services (5.6 miles)
This 30-unit Glendale property offers stable occupancy fundamentals in a neighborhood maintaining 96.8% occupancy rates and ranking above metro median performance. The 1986 construction year provides a competitive advantage over the area's 1961 average building vintage, reducing immediate capital expenditure requirements while supporting tenant appeal. Demographic projections within a 3-mile radius show household growth of 30.4% through 2028, expanding the potential renter pool and supporting long-term absorption.
Strong rental market characteristics include 84.7% neighborhood rental occupancy share ranking 27th among 1,441 metro neighborhoods, indicating established tenant demand patterns. According to multifamily property research from WDSuite, median rents are projected to reach $2,665 by 2028, representing 37.1% growth potential. The property's proximity to Disney and Avery Dennison headquarters within 2.2 miles provides workforce housing appeal, while high home values averaging $862,538 create affordability barriers that support rental retention.
- Neighborhood occupancy at 96.8% ranks above metro median among 1,441 Los Angeles area neighborhoods
- 1986 construction provides competitive advantage over 1961 neighborhood average building vintage
- Projected 30.4% household growth through 2028 supports expanding tenant base within 3-mile radius
- Disney and Avery Dennison headquarters within 2.2 miles anchor local employment demand
- Risk consideration: Property crime rates increased 31.3% year-over-year requiring active management attention