| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 52nd | Fair |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 121 S Isabel St, Glendale, CA, 91205, US |
| Region / Metro | Glendale |
| Year of Construction | 1985 |
| Units | 98 |
| Transaction Date | 2017-05-18 |
| Transaction Price | $22,300,000 |
| Buyer | PARK PASEO LP |
| Seller | PASEO PARK |
121 S Isabel St Glendale Multifamily Investment
This 98-unit property in an A-rated neighborhood benefits from 97.1% occupancy rates and strong rental demand in Glendale's urban core market, according to CRE market data from WDSuite.
This Glendale neighborhood ranks in the top 10% nationally for amenity access and housing fundamentals, with 86.9% of housing units occupied by renters. The area maintains 97.1% occupancy rates with rent growth outpacing metro averages, reflecting sustained tenant demand in this urban core location.
Demographics within a 3-mile radius show 201,567 residents with median household income of $88,309, supporting rental affordability across income segments. The neighborhood's 87% renter share reinforces multifamily demand, while elevated home values at $700,330 median sustain rental reliance by limiting ownership accessibility.
Built in 1985, the property aligns with the neighborhood's 1969 average construction year, indicating potential value-add opportunities through strategic capital improvements. The area's exceptional amenity density includes 90 restaurants per square mile and comprehensive retail access, supporting tenant retention and lease-up velocity.
Forward-looking household projections indicate 31% growth over five years, expanding the renter pool and supporting occupancy stability. Contract rents averaging $1,857 with 39% five-year growth demonstrate the market's pricing power and income growth trajectory.
The neighborhood demonstrates competitive safety metrics relative to the Los Angeles metro area, ranking in the 67th percentile nationally for overall crime rates. Property crime rates show notable improvement with a 77% year-over-year decline, though violent crime trends require monitoring given recent increases.
For multifamily investors, these mixed safety trends suggest the importance of comprehensive security measures and tenant screening protocols. The neighborhood's urban core designation and high density require active property management approaches to maintain resident satisfaction and retention rates.
The property benefits from proximity to major corporate headquarters and offices, providing workforce housing for diverse employment sectors within commuting distance.
- Avery Dennison — materials science and manufacturing (0.9 miles) — HQ
- Disney — entertainment and media (4.4 miles) — HQ
- Radio Disney — broadcasting (5.3 miles)
- Live Nation Entertainment — entertainment services (6.2 miles)
- Microsoft — technology (6.4 miles)
This 98-unit Glendale property represents stable cash flow potential in an A-rated neighborhood with 97.1% occupancy rates and strong rental fundamentals. Built in 1985, the property offers value-add upside through strategic renovations while benefiting from the area's 87% renter share and limited ownership alternatives. Commercial real estate analysis indicates the neighborhood's top-10% national ranking for amenities and housing metrics supports tenant retention and lease renewals.
Demographic projections within 3 miles show 31% household growth over five years, expanding the tenant base while median income growth of 41% supports rent progression. The property's proximity to major employers including Avery Dennison headquarters and Disney provides workforce housing demand, though investors should monitor recent violent crime trends and factor security enhancements into capital planning.
- A-rated neighborhood with 97.1% occupancy and strong rental demand
- 1985 vintage offers value-add potential through strategic improvements
- 31% projected household growth expands tenant pool over five years
- Proximity to major employers supports workforce housing demand
- Risk factor: Recent violent crime increases require security planning