| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 51st | Fair |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1129 Irving Ave, Glendale, CA, 91201, US |
| Region / Metro | Glendale |
| Year of Construction | 1986 |
| Units | 23 |
| Transaction Date | 2003-12-01 |
| Transaction Price | $3,600,000 |
| Buyer | SIKDER FARUQUE |
| Seller | IRVING LLC |
1129 Irving Ave Glendale Multifamily Investment
Neighborhood-level renter demand is deep and supported by strong amenity access, according to WDSuite’s CRE market data. For investors, occupancy stability at the neighborhood level and a high renter-occupied share point to a sizable tenant base near major employment nodes.
The property sits in Glendale s Urban Core with strong daily-needs access grocery, pharmacies, cafes, and restaurants rank competitively among metro peers. Amenity access places the neighborhood in the top quartile among 1,441 metro neighborhoods, and cafe and grocery density score at the top end nationally, supporting renter convenience and lease retention.
Rents in the neighborhood trend above national norms, while the neighborhood s occupancy rate is above the national median, indicating steady absorption and limited prolonged vacancy risk. Neighborhood NOI per unit ranks in the top decile among 1,441 metro neighborhoods, signaling landlords have historically captured healthy operating performance relative to the metro.
Tenure skews heavily toward renter-occupied housing at the neighborhood level, reinforcing depth of demand for multifamily product and supporting renewal velocity. Elevated home values in the area create a high-cost ownership market, which tends to keep more households in the rental pool and can underpin pricing power for well-positioned assets.
Within a 3-mile radius, households have increased in recent years and are projected to expand further even as average household size trends lower a dynamic that typically enlarges the renter pool and supports occupancy stability. Median school ratings are moderate relative to national benchmarks, and the area s amenity mix and commute connectivity remain core draw factors for working households.
Comparable safety metrics were not available for this neighborhood in the current WDSuite data release. Investors typically monitor city and police reports, trend lines for the broader Los Angeles-Long Beach-Glendale metro, and on-the-ground feedback to contextualize security measures and operating practices at the asset level.
Proximity to major corporate offices anchors the renter base with diverse professional employment and commute convenience, including entertainment, packaging, media, telecom, and live events.
- Disney entertainment & media (2.3 miles) HQ
- Avery Dennison packaging (2.4 miles) HQ
- Radio Disney media (3.2 miles)
- Charter Communications telecom (3.5 miles)
- Live Nation Entertainment live events & entertainment (5.9 miles)
1129 Irving Ave was built in 1986, newer than the neighborhood s average vintage, giving the asset a relative edge versus older stock while still warranting ongoing capital planning for aging systems and potential value-add updates. The surrounding neighborhood shows above-median occupancy and strong amenity access, and elevated ownership costs help sustain a deep renter pool. According to CRE market data from WDSuite, neighborhood operating performance (NOI per unit) ranks among the metro s stronger cohorts, aligning with steady renter demand.
Within a 3-mile radius, households have grown and are projected to expand further even as household sizes decrease, supporting a larger tenant base and leasing velocity. Investor considerations include monitoring rent-to-income levels and maintaining competitive in-place finishes to capture renewals in a high-demand but affordability-sensitive market.
- 1986 vintage offers competitive positioning versus older stock, with clear scope for selective modernization.
- Above-median neighborhood occupancy and top-tier amenity access support retention and pricing power.
- High-cost ownership market reinforces reliance on rentals, deepening the renter pool near major employers.
- 3-mile household growth and smaller household sizes expand the renter base and support lease-up velocity.
- Risks: rent-to-income around the area indicates affordability pressure; ongoing capex and tenant retention strategies remain important.