| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 51st | Fair |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1161 Sonora Ave, Glendale, CA, 91201, US |
| Region / Metro | Glendale |
| Year of Construction | 1984 |
| Units | 77 |
| Transaction Date | 2011-09-23 |
| Transaction Price | $19,000,000 |
| Buyer | La Sonora 2010 LLC |
| Seller | Teachers Insurance |
1161 Sonora Ave, Glendale Multifamily Opportunity
Strong renter fundamentals and dense amenities in Glendale support stable leasing conditions, according to WDSuite’s CRE market data. Neighborhood occupancy is healthy and the renter base is deep, favoring steady demand through cycles.
The property sits in Glendale’s Urban Core, rated A and positioned in the top quartile among 1,441 Los Angeles-Long Beach-Glendale metro neighborhoods. Amenity access is a standout: grocery and cafes are in the 96th–100th national percentiles, indicating daily convenience that helps retention and reduces friction in leasing.
Neighborhood occupancy is 93.8% (above the national median), and the share of housing units that are renter-occupied is high at the top national percentile, signaling a large and durable tenant base for multifamily owners. Median school ratings average 3.0/5, modestly above national median, supporting broad family appeal without being the sole driver of demand.
Home values are elevated versus national norms, and the value-to-income ratio ranks in the top percentile nationally, pointing to a high-cost ownership market. For investors, this typically sustains reliance on rental housing and can support pricing power, though lease management should account for the area’s rent-to-income ratio of roughly one-third to mitigate affordability pressure and turnover risk.
Within a 3-mile radius, household counts have grown while population has been flat, and projections indicate further household expansion alongside smaller household sizes. This pattern expands the renter pool and supports occupancy stability for well-located assets, based on CRE market data from WDSuite.
Comparable neighborhood safety statistics are not available from WDSuite for this location. Investors typically benchmark against city and metro trends and review multi-year patterns to understand relative safety positioning and its potential impact on leasing and insurance costs.
Proximity to established corporate employers underpins commuter demand and supports retention, particularly for professional and creative workforce renters. The nearby base includes packaging, media, telecom, and live entertainment employers.
- Avery Dennison — packaging & labeling (1.8 miles) — HQ
- Disney — entertainment (2.5 miles) — HQ
- Radio Disney — broadcast media (3.5 miles)
- Charter Communications — telecom (4.0 miles)
- Live Nation Entertainment — live entertainment (5.8 miles)
Built in 1984, the 77-unit asset is newer than the area’s average vintage, offering relative competitiveness versus older stock while leaving room for targeted system updates or cosmetic upgrades to drive rent premiums. Elevated home values and a high renter concentration indicate deep multifamily demand, and neighborhood occupancy remains solid relative to national trends. According to commercial real estate analysis from WDSuite, dense retail and service amenities further reinforce leasing durability.
Within a 3-mile radius, flat population alongside growing households suggests smaller household sizes and a broader renter pool, supporting steady absorption. Investors should balance pricing power from a high-cost ownership market with prudent lease management given rent-to-income levels, and consider ongoing CapEx for a mid-1980s building.
- Newer 1984 vintage than area average, with potential value-add through targeted upgrades
- High renter-occupied share and solid neighborhood occupancy support demand stability
- Dense daily-needs amenities (top-quartile nationally) bolster retention and leasing
- High-cost ownership market underpins pricing power for well-positioned units
- Risks: affordability pressure (rent-to-income near one-third) and ongoing mid-1980s CapEx