| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 51st | Fair |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1140 Winchester Ave, Glendale, CA, 91201, US |
| Region / Metro | Glendale |
| Year of Construction | 1987 |
| Units | 32 |
| Transaction Date | 2013-12-06 |
| Transaction Price | $8,138,081 |
| Buyer | C & P PROPERTIES #1 |
| Seller | WOODLAND HILLS WINCHESTER INVESTMENTS LL |
1140 Winchester Ave Glendale Multifamily Investment
Renter demand in the neighborhood is deep and occupancy has been resilient, according to WDSuite’s CRE market data, supporting stable cash flow for well-located assets. Elevated ownership costs in Los Angeles County further reinforce reliance on multifamily housing.
Situated in Glendale’s Urban Core, the property benefits from strong neighborhood fundamentals and daily convenience. Grocery and pharmacy access rank among the best in the metro (20th and 70th out of 1,441 metro neighborhoods), placing the area in the top quartile nationally for essentials. Dense cafe and restaurant options also score in high national percentiles, which supports renter retention and livability.
Neighborhood-level performance indicators point to durable demand. The neighborhood’s occupancy rate is above many U.S. areas and has held near the metro norm, while renter-occupied housing represents a large share of units—signaling a deep tenant base for multifamily. Home values are elevated relative to income, which can sustain rental demand and support pricing power when lease management is disciplined.
Asset quality is competitive locally. With a 1987 construction year versus a neighborhood average vintage from the 1970s, the building should compare favorably to older stock on systems and finishes, while investors may still plan for targeted modernization to maintain positioning against newer deliveries.
Within a 3‑mile radius, households have grown while population has been roughly flat, indicating smaller household sizes and a broader renter pool; combined with rising median incomes and contract rents, this backdrop supports occupancy stability and measured rent growth. This commercial real estate analysis, based on WDSuite’s market data, suggests location fundamentals that are competitive among Los Angeles-Long Beach-Glendale neighborhoods.
Comparable, neighborhood-level public safety metrics were not available in this dataset. Investors typically benchmark conditions against city and precinct trends and evaluate property-level measures (lighting, access control, and management practices) to support resident retention and asset performance.
Proximity to established corporate offices and entertainment employers supports a steady commuter renter base and helps leasing stability. Nearby anchors include Avery Dennison, Disney, Radio Disney, Charter Communications, and Live Nation Entertainment.
- Avery Dennison — corporate offices (2.0 miles) — HQ
- Disney — entertainment corporate offices (2.4 miles) — HQ
- Radio Disney — corporate offices (3.4 miles)
- Charter Communications — telecommunications corporate offices (3.8 miles)
- Live Nation Entertainment — entertainment corporate offices (5.8 miles)
1140 Winchester Ave offers exposure to a renter-heavy Glendale neighborhood with strong daily amenities and access to major employers. The property’s 1987 vintage positions it competitively against older local stock, with potential upside from targeted renovations. Elevated home values relative to income reinforce reliance on rentals, while neighborhood occupancy remains healthy by national standards. According to CRE market data from WDSuite, these factors collectively support steady tenant demand and operational durability versus broader metro trends.
Key considerations include balancing pricing power with retention amid higher rent-to-income ratios and monitoring macro sensitivity given the area’s urban employment base. Overall, the asset’s location, livability, and employer access present a balanced, fundamentals-driven multifamily thesis.
- Renter-heavy neighborhood supports deep tenant base and occupancy stability
- 1987 vintage offers competitive positioning with value-add modernization potential
- Strong amenity access and major employers within 6 miles aid leasing and retention
- Elevated ownership costs bolster multifamily demand and pricing power with disciplined management
- Risk: Affordability pressure requires careful lease management and renewal strategies