| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 38th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1049 Winchester Ave, Glendale, CA, 91201, US |
| Region / Metro | Glendale |
| Year of Construction | 1986 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1049 Winchester Ave Glendale 30-Unit Multifamily Investment
Neighborhood occupancy is consistently high and renter demand is reinforced by proximity to major studios and corporate offices, according to WDSuite’s CRE market data. A 1986 vintage positions the asset competitively versus older stock while leaving room for targeted modernization.
Located in Glendale’s Urban Core, the property benefits from strong daily needs coverage—cafes and grocery options rank among the highest concentrations nationally—supporting resident convenience and day-to-day stickiness. Neighborhood occupancy is elevated relative to national norms, signaling durable renter demand at the sub-5% vacancy range for the neighborhood, per commercial real estate analysis from WDSuite.
Within a 3-mile radius, about two-thirds of housing units are renter-occupied, indicating a deep tenant base for multifamily. Household counts have increased in recent years and are projected to rise further, expanding the renter pool even as average household size trends lower—factors that typically support occupancy stability and leasing velocity.
Home values in the neighborhood sit at the high end nationally, a high-cost ownership backdrop that tends to sustain reliance on rental housing and supports pricing power when managed carefully. Median contract rents in the neighborhood trend above national levels, so operators should balance rent growth with retention strategies to mitigate affordability pressure and reduce turnover risk.
The asset’s 1986 construction is newer than the neighborhood average vintage, providing relative competitiveness against older inventory while still warranting selective capital planning for building systems and unit finishes to capture value-add upside.
Safety indicators are mixed but generally favorable in a national context. Overall crime performance sits slightly above the national midpoint, while violent offense rates are in the top quartile nationally, suggesting comparatively stronger conditions versus many U.S. neighborhoods.
Within the Los Angeles-Long Beach-Glendale metro, the neighborhood’s composite crime standing is around the metro median (ranked 730 among 1,441 neighborhoods). Property offense rates, however, rank stronger at 94 out of 1,441 metro neighborhoods, indicating competitive performance locally. Recent year-over-year readings show some uptick in property incidents, so prudent security measures and lighting/visibility improvements remain relevant for asset management.
Proximity to major corporate offices supports a steady workforce renter base and commute convenience for residents. Nearby anchors include Avery Dennison, Disney, Radio Disney, Charter Communications, and Live Nation Entertainment.
- Avery Dennison — materials & labeling (2.1 miles) — HQ
- Disney — entertainment & media (2.2 miles) — HQ
- Radio Disney — media offices (3.2 miles)
- Charter Communications — telecommunications offices (3.8 miles)
- Live Nation Entertainment — entertainment corporate offices (5.6 miles)
1049 Winchester Ave offers a 30-unit footprint with a 1986 vintage that competes well against older neighborhood stock while presenting practical value-add pathways through system updates and interior refreshes. Based on CRE market data from WDSuite, the surrounding neighborhood exhibits elevated occupancy and a sizable renter-occupied housing base, reinforced by a diversified employment core spanning entertainment, media, and corporate services in nearby Burbank and Glendale.
High home values in the area indicate an ownership market that remains costly, which typically supports sustained reliance on multifamily housing and can underpin pricing power when paired with retention-focused operations. Forward-looking household growth within a 3-mile radius, alongside strong amenity density, points to stable demand; investors should still account for affordability pressure and monitor safety trends when shaping leasing and capex plans.
- Occupancy strength at the neighborhood level supports stable leasing and low downtime.
- 1986 vintage provides competitive positioning vs. older stock with clear value-add potential.
- High-cost ownership market sustains renter reliance, supporting rent durability and retention strategies.
- Proximity to major employers (studios and corporate offices) deepens the tenant base and supports tenant retention.
- Risks: affordability pressure and recent property offense upticks warrant careful rent management and security planning.