| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 51st | Fair |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1123 Allen Ave, Glendale, CA, 91201, US |
| Region / Metro | Glendale |
| Year of Construction | 1981 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1123 Allen Ave Glendale Multifamily Investment
Deep renter concentration and a high-cost ownership landscape in the surrounding neighborhood support durable demand and pricing discipline, according to WDSuite’s CRE market data.
Set within Glendale’s Urban Core, the neighborhood posts strong livability signals that matter to renters: dense grocery, pharmacy, and dining options sit in the highest national percentiles, and amenity access ranks competitive among Los Angeles–Long Beach–Glendale neighborhoods (44 out of 1,441). This concentration of daily conveniences helps underpin leasing velocity and resident retention.
Neighborhood occupancy is above many U.S. neighborhoods (mid‑60s national percentile), and the share of renter‑occupied housing is exceptionally high, placing the area near the top nationally. For investors, that depth of renter demand supports a broader tenant base and can help stabilize performance through cycles.
Within a 3‑mile radius, households have increased in recent years and are projected to continue expanding, even as average household size trends slightly smaller. That combination typically enlarges the renter pool and supports occupancy stability for professionally managed assets.
Home values in the neighborhood sit in a high‑cost ownership market (upper‑90s national percentile), which tends to reinforce reliance on multifamily rentals. Average school ratings are around the national middle‑upper range, offering a baseline amenity for family renters. The property’s 1981 vintage is slightly newer than the neighborhood’s typical building age, indicating potential value‑add via targeted modernization while remaining competitive against older stock.
Neighborhood‑level crime data sufficient for ranking was not available in this dataset. Investors typically benchmark safety using multiple sources and trend views (city and precinct reports, insurance loss data, and property‑level incident logs) to understand how conditions compare with metro averages and whether trends are improving or stabilizing.
Proximity to major corporate offices broadens the commuter tenant base and supports retention, with concentrations in entertainment and communications: Disney, Avery Dennison, Radio Disney, Charter Communications, and Live Nation Entertainment.
- Disney — entertainment HQ (2.2 miles) — HQ
- Avery Dennison — manufacturing & materials HQ (2.4 miles) — HQ
- Radio Disney — media offices (3.2 miles)
- Charter Communications — telecommunications offices (3.4 miles)
- Live Nation Entertainment — entertainment offices (5.9 miles)
1123 Allen Ave offers exposure to a renter‑heavy Glendale enclave where amenity density sits in top national percentiles and neighborhood occupancy trends are solidly above the national midpoint. According to CRE market data from WDSuite, the area’s high‑cost ownership environment supports multifamily demand, while a growing household base within 3 miles points to a larger tenant pool over time.
Built in 1981, the asset is slightly newer than the neighborhood average, suggesting room for targeted renovations (systems, interiors, and common areas) to enhance competitive position against older stock. Investors should also plan for affordability management, as rent‑to‑income levels indicate some pressure that may require thoughtful lease strategies to sustain retention and occupancy.
- Dense daily conveniences and employment access support leasing and retention
- Renter‑occupied share is among the highest nationally, indicating depth of tenant demand
- High‑cost ownership market reinforces reliance on multifamily housing
- 1981 vintage provides value‑add and modernization pathways versus older local stock
- Risk: affordability pressure (rent‑to‑income) may temper pricing power; emphasize retention and renewal strategies