| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 51st | Fair |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1163 Allen Ave, Glendale, CA, 91201, US |
| Region / Metro | Glendale |
| Year of Construction | 1987 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1163 Allen Ave Glendale 25-Unit Multifamily Investment
Renter demand is reinforced by high neighborhood renter-occupied concentration and steady occupancy, according to WDSuite’s CRE market data, supporting income durability for a 25-unit asset in Los Angeles County. Elevated ownership costs in Glendale further sustain reliance on multifamily housing.
Situated in Glendale’s Urban Core, the property benefits from deep day-to-day convenience and a tenant base that skews toward renters. Neighborhood amenities test in the top quartile nationally, with strong access to groceries, pharmacies, parks, and daily services — indicators that typically support leasing velocity and retention for workforce and professional tenants.
Amenity density ranks competitively among Los Angeles-Long Beach-Glendale metro neighborhoods (161 of 1,441 overall neighborhood rating rank; A), and amenity categories such as cafes, groceries, pharmacies, and restaurants score in the very high national percentiles. For investors, this concentration of services reduces friction for residents and can underpin stable occupancy and renewal behavior relative to metro peers.
The average neighborhood construction year skews older than this asset (1976 vs. property built in 1987). Being newer than the local average offers relative competitiveness against 1970s stock, while still warranting capital planning for aging systems and potential modernization to meet current renter expectations — a logical path for value-add scopes targeting interiors and common areas.
Within a 3-mile radius, approximately 64% of housing units are renter-occupied, indicating a sizable tenant base for multifamily operators. Population is roughly stable with modest near-term change, while households are increasing and average household size is trending smaller; together, these shifts point to a broader renter pool and support for occupancy stability even as demographics rebalance.
Home values in the neighborhood are elevated (top national percentiles), which typically reinforces rental demand and aids retention as ownership remains a high-cost option in Los Angeles County. Neighborhood occupancy trends are solid and above many national benchmarks, while rent-to-income sits on the higher side, calling for prudent lease management and amenity positioning to sustain pricing power.
Neighborhood-level crime benchmarking is not available in the current WDSuite data for this location. Investors should evaluate recent city and precinct trends, compare against Los Angeles metro averages, and consider standard measures such as lighting, access control, and visibility that can support resident satisfaction and retention.
Proximity to major corporate offices supports commuter convenience and broad white-collar employment, which can help stabilize leasing and renewals. Key employers within a short drive include Disney, Avery Dennison, Radio Disney, Charter Communications, and Live Nation Entertainment.
- Disney — entertainment & media (2.3 miles) — HQ
- Avery Dennison — materials & packaging (2.4 miles) — HQ
- Radio Disney — media offices (3.3 miles)
- Charter Communications — telecommunications offices (3.4 miles)
- Live Nation Entertainment — entertainment offices (5.9 miles)
1163 Allen Ave is a 25-unit 1987-vintage asset positioned in a high-amenity Urban Core pocket of Glendale where renter households are prevalent and ownership costs are elevated. According to CRE market data from WDSuite, the neighborhood shows strong amenity access and solid occupancy, which together indicate durable day-to-day demand drivers for multifamily operations. The property’s vintage is newer than the neighborhood’s average 1970s stock, suggesting competitive positioning with an actionable value-add path to refresh interiors and common areas as systems age.
Within a 3-mile radius, renter-occupied share is sizable and households are expanding even as average household size trends lower — dynamics that can broaden the tenant base and support occupancy stability. Elevated home values reinforce reliance on rentals, though higher rent-to-income levels imply the need for disciplined lease management, targeted amenities, and resident experience to maintain pricing power and renewal rates.
- Urban Core Glendale location with top-tier amenity access supporting leasing velocity and renewals
- 1987 construction is newer than local 1970s stock, creating value-add and repositioning potential
- Large renter-occupied base within 3 miles and increasing households bolster tenant demand
- Elevated ownership costs sustain reliance on rentals, aiding retention and occupancy
- Risk: higher rent-to-income levels require prudent lease management and amenity strategy