| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 55th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 113 N Cedar St, Glendale, CA, 91206, US |
| Region / Metro | Glendale |
| Year of Construction | 1995 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
113 N Cedar St Glendale Multifamily Investment
This 25-unit property built in 1995 sits in a neighborhood ranking in the top quartile nationally for amenities and net operating income per unit. Commercial real estate analysis indicates strong renter demand with 71% of housing units occupied by tenants.
This Glendale neighborhood ranks 175th among 1,441 metro neighborhoods with an A rating, placing it in the top quartile for overall investment fundamentals. The area demonstrates strong rental demand dynamics, with 71.2% of housing units occupied by renters—ranking in the 97th percentile nationally and significantly above typical ownership-heavy suburban markets.
Amenity density supports tenant retention, with the neighborhood ranking in the 95th percentile nationally for cafes and pharmacies per square mile. Grocery store access ranks in the 98th percentile nationally, while restaurant density reaches the 97th percentile. These convenience factors typically correlate with reduced tenant turnover and sustained rental demand in urban core locations.
Demographics within a 3-mile radius show 202,000 residents with a median household income of $88,156. The area maintains 68% renter occupancy across the broader radius, reinforcing the rental housing preference. Household income growth of 41% over five years outpaced rent increases of 40%, suggesting maintained affordability relative to local earning power.
The 1995 construction year aligns closely with the neighborhood average of 1974, indicating consistent building stock without significant capital expenditure disadvantages. Median contract rents of $1,943 in the immediate neighborhood rank in the 91st percentile nationally, while net operating income per unit averages $12,210—ranking in the 89th percentile nationwide and suggesting strong cash flow potential relative to comparable markets.
Safety data for this specific neighborhood location is not currently available in the comprehensive dataset. Investors should conduct independent due diligence on local crime trends and security considerations as part of their investment analysis process.
The broader Glendale area benefits from municipal services and community policing initiatives typical of established Los Angeles County municipalities. Property-level security assessments and consultation with local law enforcement can provide additional context for investment decision-making.
The local employment base includes major corporate headquarters and offices within commuting distance, supporting workforce housing demand for multifamily properties. Notable employers range from Fortune 500 headquarters to entertainment industry operations.
- Avery Dennison — materials science and manufacturing (1.0 miles) — HQ
- Disney — entertainment and media (4.7 miles) — HQ
- Radio Disney — broadcasting and media (5.6 miles)
- Live Nation Entertainment — entertainment services (6.5 miles)
- Microsoft — technology (6.5 miles)
This 25-unit property demonstrates compelling fundamentals through its position in a top-quartile neighborhood with exceptional amenity access and above-average net operating income potential. According to CRE market data from WDSuite, the location ranks in the 89th percentile nationally for NOI per unit, while maintaining 71% rental occupancy—well above typical suburban markets. The 1995 construction year positions the asset for value-add opportunities without immediate major capital requirements.
Demographic trends within a 3-mile radius support sustained rental demand, with household income growth of 41% over five years and an expanding renter base of over 200,000 residents. The neighborhood's urban core designation and exceptional amenity density create natural barriers to tenant migration, while median rents in the 91st percentile nationally indicate pricing power relative to comparable markets.
- NOI per unit ranks in 89th percentile nationally at $12,210 average
- Strong rental market with 71% tenant occupancy in neighborhood
- Top-quartile amenity access supports tenant retention
- Major employers within 7 miles including Disney and Avery Dennison headquarters
- Risk consideration: Occupancy rate declined 5.4% over five years, requiring active lease management