| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 55th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1108 E Palmer Ave, Glendale, CA, 91205, US |
| Region / Metro | Glendale |
| Year of Construction | 1986 |
| Units | 29 |
| Transaction Date | 2002-05-22 |
| Transaction Price | $2,400,000 |
| Buyer | PALMER GARDENS LLC |
| Seller | JONES LAURENCE J |
1108 E Palmer Ave Glendale Multifamily Investment Opportunity
Renter demand is reinforced by a high-cost ownership market and strong neighborhood amenities, supporting occupancy stability according to WDSuite s CRE market data.
Located in Glendale s Urban Core within the Los Angeles-Long Beach-Glendale metro, the neighborhood scores an A rating and is competitive among metro neighborhoods (ranked 178 out of 1,441). Dense amenity access stands out: amenity concentration ranks 71 out of 1,441 in the metro, with parks, pharmacies, cafes, and groceries placing within the upper tier locally and in high national percentiles. For investors, this concentration tends to support leasing velocity and resident retention.
At the neighborhood level (not the property), occupancy is solid and slightly above national midpoints, while the renter-occupied share is high (top-tier nationally), indicating a deep tenant base for multifamily. Neighborhood NOI per unit benchmarks also sit well above national norms, which historically correlates with resilient rent rolls, according to CRE market data from WDSuite.
Within a 3-mile radius, households have grown recently and are projected to expand further even as average household size trends lower. This combination generally enlarges the renter pool and supports absorption. Median incomes have risen meaningfully and are forecast to continue growing, which can underpin rent levels; at the same time, rising rents and a high-cost ownership landscape suggest ongoing affordability pressure that warrants prudent lease management.
The neighborhood s median home values rank in the upper tier nationally, reinforcing reliance on multifamily rentals for many households. Public school ratings sit above national averages, another factor that can aid resident stickiness for family-oriented renters. Vintage-wise, the submarket skews older than 1960s on average, so a 1986 asset can compete favorably versus older stock while still benefiting from targeted system upgrades or modernizations to meet today s renter expectations.
Safety metrics compare favorably both locally and nationally. The neighborhood s crime profile ranks near the better end of the Los Angeles-Long Beach-Glendale metro (rank 73 out of 1,441), and national percentiles point to stronger-than-average safety. Property-related offenses are in a high national safety percentile and have improved year over year, while violent offense measures sit above national midpoints with recent declines. These trends suggest a generally supportive environment for renter retention without making block-level claims.
Proximity to established corporate employers supports a sizable commuter renter base and can aid leasing stability. Notable nearby employers include Avery Dennison, Disney, Microsoft, Reliance Steel & Aluminum, and CBRE Group.
- Avery Dennison manufacturing & materials (1.9 miles) HQ
- Disney media & entertainment (5.1 miles) HQ
- Microsoft technology offices (5.5 miles)
- Reliance Steel & Aluminum metals & distribution (5.6 miles) HQ
- CBRE Group real estate services (5.6 miles) HQ
1108 E Palmer Ave is a 29-unit, 1986-vintage asset positioned in a renter-heavy Glendale neighborhood where high ownership costs and dense amenities support multifamily demand. Neighborhood occupancy has been steady at the macro level and the renter-occupied share is among the highest nationally, indicating depth of tenant base and potential for durable collections. Based on multifamily property research from WDSuite, local NOI benchmarks and amenity access compare favorably to national norms, reinforcing the case for income stability.
The 1986 construction is newer than the area s average vintage, providing a competitive edge versus older stock; targeted modernization or building systems updates can add value and support rent positioning. Within a 3-mile radius, households are rising and average household size is trending lower, which typically expands the renter pool even as population growth is flat to slightly negative a setup that can sustain occupancy while requiring attention to affordability and renewal strategies as rents and incomes continue to evolve.
- Renter-heavy neighborhood supports depth of demand and leasing durability.
- 1986 vintage offers competitive positioning versus older local stock with value-add upside from targeted upgrades.
- Strong amenity access and above-average neighborhood NOI levels support income stability, per WDSuite data.
- Nearby corporate employers bolster commuter demand and retention potential.
- Risks: affordability pressure and modest occupancy drift at the neighborhood level call for disciplined lease and renewal management.