| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1136 N Central Ave, Glendale, CA, 91202, US |
| Region / Metro | Glendale |
| Year of Construction | 1972 |
| Units | 27 |
| Transaction Date | 2015-02-09 |
| Transaction Price | $5,662,500 |
| Buyer | 1136 N CENTRAL AVENUE LLC |
| Seller | WATERMAN ROBERT |
1136 N Central Ave Glendale Multifamily Investment
Renter demand in this Glendale Urban Core location is supported by a high neighborhood renter-occupied share and above-average occupancy, according to WDSuite’s CRE market data. The submarket’s high-cost ownership landscape reinforces reliance on multifamily housing and supports retention.
Situated in Glendale’s Urban Core, the neighborhood ranks 163 out of 1,441 metro neighborhoods, placing it in the top quartile locally. Neighborhood occupancy is strong and has edged higher over the past five years, a positive backdrop for leasing stability at the property level.
Daily needs are well served: grocery and pharmacy density place the area in higher national percentiles for amenities, and cafes and restaurants are comparatively plentiful. Park acreage is limited nearby, so investors should lean on the strength of retail, services, and transit access as lifestyle drivers rather than green space.
Schools test-score averages sit around the top quartile nationally, which can bolster family-driven renter demand. The neighborhood’s renter-occupied share is high, indicating a deep tenant base for multifamily. Median contract rents are elevated for the region, while rent-to-income levels suggest some affordability pressure that owners should manage through lease strategies and renewal positioning.
Within a 3-mile radius, demographics show a slight population contraction alongside a modest rise in households and smaller average household sizes. This mix typically supports consistent apartment demand by expanding the pool of smaller households entering or remaining in rental housing, a trend that aligns with metro patterns observed in Los Angeles-Long Beach-Glendale.
Safety indicators are mixed compared with regional and national benchmarks. The neighborhood’s overall crime rank sits in the lower half of the metro (937 out of 1,441), while national comparisons point to relatively stronger readings for violent and property offenses. Recent year-over-year changes indicate upticks in reported offenses, so investors should underwrite to prudent security and lighting plans and monitor trends over time rather than block-level assumptions.
Proximity to major corporate offices underpins a broad white-collar employment base and commute convenience for renters. Nearby employers span materials, entertainment, media, and corporate services.
- Avery Dennison — corporate offices (0.4 miles) — HQ
- Disney — entertainment (4.0 miles) — HQ
- Radio Disney — media (4.9 miles)
- Charter Communications — telecommunications (5.7 miles)
- Live Nation Entertainment — entertainment (6.6 miles)
This 27-unit Glendale asset benefits from a neighborhood that performs above the metro median, with strong renter concentration and stable occupancy supporting leasing durability. Elevated home values in the area create a high-cost ownership market that sustains reliance on rental housing and can enhance retention, while nearby employers deepen the white-collar renter pool. According to CRE market data from WDSuite, neighborhood occupancy trends and amenity density compare favorably to many U.S. neighborhoods, reinforcing the long-term multifamily thesis here.
Investors should plan for measured rent growth strategies given rent-to-income signals that imply some affordability pressure. Limited park access suggests marketing should emphasize retail, services, and commute advantages, while safety metrics warrant routine monitoring and standard property-level mitigation. Overall, fundamentals point to steady demand drivers with thoughtful risk management.
- Renter-heavy neighborhood and solid occupancy support demand durability
- High home values reinforce rental reliance and potential retention
- Amenity-rich corridor and strong nearby employers underpin leasing
- Manage affordability pressures with disciplined lease and renewal strategies
- Monitor safety trends and offset limited parks with location advantages