| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 55th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1217 E Wilson Ave, Glendale, CA, 91206, US |
| Region / Metro | Glendale |
| Year of Construction | 1987 |
| Units | 24 |
| Transaction Date | 2004-04-30 |
| Transaction Price | $3,950,000 |
| Buyer | KIM HYANG RO |
| Seller | MESHKAT MEHRANGIZ |
1217 E Wilson Ave Glendale Multifamily Investment
Positioned in an amenity-rich Glendale pocket, the asset benefits from a high neighborhood renter-occupied housing share that supports depth of demand, according to WDSuite’s CRE market data. Stable location fundamentals and proximity to major employment nodes underpin consistent leasing prospects.
The property sits in an Urban Core neighborhood in Glendale that ranks 175 out of 1,441 metro neighborhoods—competitive among Los Angeles-Long Beach-Glendale areas—reflecting solid livability and investment appeal. Amenity access is a clear strength: cafes, restaurants, groceries, parks, and pharmacies all benchmark in the mid‑90s national percentiles, which typically supports resident retention and sustained leasing activity.
Vintage context matters for capital planning. The neighborhood’s average construction year skews to the 1970s, while this asset was built in 1987. Being newer than the area’s average positions it comparatively well versus older stock, though investors should still anticipate selective modernization or system upgrades to maintain competitive standing in a market with strong renter expectations.
Tenure patterns are favorable for multifamily owners: renter-occupied housing is notably high locally (top national tier by percentile), indicating a deep tenant base and durable demand for apartment product. Neighborhood occupancy trends sit around the national mid-range; in this type of location, leasing performance typically ties to amenity access and commute convenience rather than new supply waves alone.
Within a 3‑mile radius, demographics indicate a broad renter pool with rising household incomes and an increasing household count even as average household size edges lower. This combination usually enlarges the addressable renter base and supports occupancy stability, while reinforcing demand for well-located mid-size units like those at this property.
Ownership costs in the area are elevated relative to incomes by national benchmarks, which tends to keep households engaged in rental housing longer. For investors, this dynamic can bolster pricing power over time; however, it also warrants attention to rent-to-income levels when planning renewals to balance growth with retention.
Neighborhood-level crime metrics were not available in this dataset, so no specific safety ranking is presented. Investors commonly benchmark local trends against city and metro patterns and incorporate on-the-ground observations and management history when underwriting risk.
Nearby employment anchors span packaging, media/entertainment, technology, and metals distribution, supporting commute convenience and renter demand for workforce and professional households. The list below highlights notable employers in close proximity: Avery Dennison, Disney, Radio Disney, Microsoft, and Reliance Steel & Aluminum.
- Avery Dennison — packaging and labeling (1.2 miles) — HQ
- Disney — media & entertainment (5.0 miles) — HQ
- Radio Disney — media (5.9 miles)
- Microsoft — technology (6.6 miles)
- Reliance Steel & Aluminum — metals distribution (6.7 miles) — HQ
1217 E Wilson Ave offers investors a 24‑unit, mid‑1980s vintage property in a Glendale neighborhood with strong amenity access and a renter-centric housing mix. Being newer than the area’s average vintage helps competitive positioning versus older stock, while elevated ownership costs in the neighborhood reinforce long-term reliance on multifamily housing. According to CRE market data from WDSuite, local rents and home values benchmark high nationally, supporting a durable demand backdrop, though lease management should account for rent-to-income considerations to sustain retention.
Within a 3‑mile radius, household counts are expanding and incomes are trending upward as average household size moderates—signals that typically enlarge the tenant base for mid-size units and support occupancy stability. Proximity to diverse employment nodes in Glendale and adjacent media/tech corridors further underpins leasing, while selective upgrades can position the asset to capture renewal and new-lease premiums in an amenity-rich micro-location.
- Renter-centric neighborhood supports a deep tenant base and sustained leasing.
- 1987 vintage is newer than local average, with value-add potential via targeted modernization.
- Amenity-rich Urban Core location and nearby employers bolster retention and absorption.
- Elevated ownership costs reinforce rental demand and can support pricing power over time.
- Risk: rent-to-income pressures require disciplined renewal strategies to protect occupancy.