| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 51st | Fair |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1169 Rosedale Ave, Glendale, CA, 91201, US |
| Region / Metro | Glendale |
| Year of Construction | 1988 |
| Units | 20 |
| Transaction Date | 2024-10-25 |
| Transaction Price | $6,240,000 |
| Buyer | 1169 ROSEDALE AVE LLC |
| Seller | SEBASTIANO AND CAROLE STERPA TRUST |
1169 Rosedale Ave Glendale Multifamily Investment
Positioned in an amenity-rich Urban Core pocket of Glendale, the neighborhood shows a deep renter base and healthy occupancy, according to WDSuite s CRE market data .
This Urban Core neighborhood ranks competitively within the Los Angeles-Long Beach-Glendale metro and sits in the top quartile nationally for overall livability. Amenity access is a standout: cafes and grocery options are among the highest concentrations nationwide, with parks and pharmacies also testing well above national medians. For residents, that translates to walkable daily needs and strong lifestyle appeal, which typically supports retention for multifamily assets.
Renter-occupied housing makes up a very large share of units locally (top percentile nationally), signaling a deep tenant base and durable demand for apartments. Neighborhood occupancy trends remain healthy relative to national benchmarks, and NOI per unit performance sits in the national top decile , underscoring competitive operating potential at stabilized assets. Average school ratings are roughly in line with national norms, providing broad-based appeal without being the primary draw for leasing.
Home values rank high versus the nation, and the value-to-income relationship is among the most elevated nationally . In practice, this is a high-cost ownership market where many households continue to rely on multifamily housing, supporting renter demand and lease-up depth. At the same time, rent-to-income ratios are elevated locally, which calls for disciplined lease management to balance pricing power and renewal risk.
Demographic statistics aggregated within a 3-mile radius show essentially flat population alongside growth in household count, with forecasts indicating further increases in households and smaller average household sizes. For investors, that points to a gradually expanding renter pool and steady unit absorption potential, particularly for well-amenitized properties that compete effectively on finish level and convenience.
Safety conditions are best evaluated in a metro context. For this neighborhood, WDSuite does not publish a current crime rank or percentile in the latest data release, so comparative trend analysis versus the Los Angeles-Long Beach-Glendale metro is recommended at the neighborhood level. Investors typically triangulate multi-year trends from official local sources alongside submarket leasing performance to gauge stability and to inform on-site measures.
Nearby corporate anchors across entertainment, media, and corporate services provide a diversified employment base and convenient commutes that can support renter demand and retention. The employers below represent the closest drivers likely to matter for workforce housing and professional tenants.
- Avery Dennison corporate offices (1.6 miles) HQ
- Disney entertainment headquarters & studios (2.6 miles) HQ
- Radio Disney media offices (3.6 miles)
- Charter Communications telecommunications offices (4.2 miles)
- Live Nation Entertainment entertainment offices (5.9 miles)
1169 Rosedale Ave is a 1988-vintage, 20-unit multifamily property in Glendale, positioned within an amenity-dense Urban Core neighborhood. The asset is newer than the neighborhood s average building stock, supporting competitive positioning versus older properties while still offering potential to modernize systems and interiors to meet current renter preferences. Based on CRE market data from WDSuite, the neighborhood shows a large concentration of renter-occupied units, healthy occupancy, and top-decile NOI per unit performance , aligning with steady demand fundamentals for well-run assets.
High home values relative to incomes reinforce reliance on rental housing locally, bolstering depth of demand and lease-up resiliency. Within a 3-mile radius, household counts have been increasing and are projected to expand further as average household size declines, pointing to a gradually larger renter pool. The main watch item is affordability pressure (rent-to-income), which argues for balanced revenue management and value-focused renovations rather than aggressive premium positioning.
- Amenity-rich Urban Core location with walkable daily needs supporting tenant retention.
- Deep renter base and healthy neighborhood occupancy underpin leasing stability.
- 1988 vintage offers competitive positioning versus older stock with modernization upside.
- High ownership costs locally reinforce reliance on multifamily housing and demand depth.
- Risk: Elevated rent-to-income ratios warrant disciplined pricing and renewal strategies.