| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1136 N Columbus Ave, Glendale, CA, 91202, US |
| Region / Metro | Glendale |
| Year of Construction | 1974 |
| Units | 83 |
| Transaction Date | 1996-12-04 |
| Transaction Price | $5,195,000 |
| Buyer | AMERIGO REAL ESTATE LTD PARTNERSHIP |
| Seller | ZOOK ALFRED G TR ZOOK FAMILY TRUST |
1136 N Columbus Ave Glendale Multifamily Investment
Neighborhood occupancy remains firm with a deep renter base, pointing to durable leasing fundamentals, according to WDSuite s CRE market data. Elevated ownership costs nearby further sustain multifamily demand relative to for-sale alternatives.
Located in Glendale s Urban Core, the neighborhood ranks 163 out of 1,441 metro neighborhoods, placing it firmly above the metro median and signaling balanced location fundamentals for multifamily. Neighborhood occupancy is strong and stable at the neighborhood level, supporting cash flow consistency rather than outsized volatility.
Amenity access is a clear strength: grocery and pharmacy density track in the top decile nationally, with restaurants and cafes also testing high percentiles. These factors typically aid retention and leasing velocity for working households. Average school ratings land in the upper quartile nationwide, adding to the area s family-friendly profile for renters.
Tenure skews toward renters at the neighborhood level (renter-occupied share near two-thirds), indicating depth in the tenant base and ongoing demand for professionally managed units. Within a 3-mile radius, households have edged higher even as population has softened, suggesting smaller household sizes and steady absorption potential for well-managed units. Median contract rents have advanced over five years, and the rent-to-income ratio indicates some affordability pressure a leasing consideration that calls for measured renewal strategies.
Ownership remains a high-cost option here, with home values benchmarking in the upper percentiles nationally; that context tends to reinforce reliance on rental housing and supports occupancy stability. One caveat: limited park access locally may require operators to emphasize on-site amenities or partnerships to maintain competitive appeal.
Safety indicators are mixed in comparative terms. Overall crime positioning trends below the metro median (ranked 937 among 1,441 Los Angeles-Long Beach-Glendale neighborhoods), while national comparisons show middling levels. Violent offense estimates benchmark stronger than national averages (upper percentiles), and property offense estimates are comparatively favorable as well; however, recent year-over-year changes point to some softening in trend, which investors should monitor alongside management practices and building security measures.
Given these dynamics, risk management should focus on standard multifamily controls ighting, access systems, and resident engagement to sustain leasing performance relative to nearby submarkets.
Nearby corporate offices create a diversified white-collar employment base that supports renter demand and retention, with commute-friendly access to Avery Dennison, Disney, Radio Disney, Charter Communications, and Live Nation Entertainment.
- Avery Dennison materials & packaging (0.5 miles) HQ
- Disney media & entertainment (3.6 miles) HQ
- Radio Disney media offices (4.6 miles)
- Charter Communications telecommunications (5.4 miles)
- Live Nation Entertainment entertainment offices (6.3 miles)
This 83-unit property, built in 1974, sits within a renter-heavy Glendale neighborhood where occupancy runs above national midpoints and amenity access is a competitive advantage. Elevated home values in the area support sustained reliance on rental housing, while a 3-mile radius shows household counts trending higher even as overall population dips modestly a pattern that can expand the renter pool for well-positioned assets. Based on CRE market data from WDSuite, neighborhood rent levels and occupancy trends point to durable demand, though operators should manage renewals with an eye to affordability pressure.
Vintage suggests scope for targeted value-add kitchen/bath upgrades, common-area refresh, and systems modernization to sharpen competitive positioning against newer stock and support rent trade-outs without overextending on tenant affordability. Safety trends are mixed and park access is limited versus amenity strengths; disciplined operations and on-site features can mitigate these factors while leveraging proximity to major employers.
- Renter-heavy locality and solid neighborhood occupancy support leasing stability.
- High-cost ownership market underpins demand for professionally managed rentals.
- 1974 vintage offers value-add potential through selective renovations and system updates.
- Amenity-rich setting near major employers aids retention and leasing velocity.
- Risks: affordability pressure (rent-to-income), mixed safety trends, and limited park access.