| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1219 N Columbus Ave, Glendale, CA, 91202, US |
| Region / Metro | Glendale |
| Year of Construction | 1989 |
| Units | 30 |
| Transaction Date | 1993-09-20 |
| Transaction Price | $51,500 |
| Buyer | SIROTT STANLEY A |
| Seller | ANJARGOLIAN VERAJE |
1219 N Columbus Ave Glendale Multifamily Investment
Neighborhood occupancy is about 95.5% (neighborhood-level), indicating steady renter demand supported by a 64.8% renter-occupied housing share; according to WDSuite’s CRE market data, this submarket has sustained performance that aligns with disciplined commercial real estate analysis.
Positioned in Glendale’s Urban Core, the property benefits from a neighborhood rated A and ranked 163 among 1,441 Los Angeles-Long Beach-Glendale metro neighborhoods — a top quartile placement that signals durable fundamentals for multifamily investors. Neighborhood occupancy is approximately 95.5% (neighborhood-level), in the 74th percentile nationally, supporting leasing stability.
Daily needs are well-covered: grocery and pharmacy density sits in high national percentiles (97th for both), with strong cafe and restaurant coverage (94th and 88th percentiles). Amenity access ranks 246 of 1,441 in the metro (top quartile), offering convenience that supports retention. One noted gap is limited immediate park access.
The area skews renter-heavy, with an estimated 64.8% of housing units renter-occupied (96th percentile nationally). For investors, that points to a deep tenant base and consistent multifamily absorption. Median asking rents in the neighborhood are high relative to the nation (93rd percentile) and have risen over the past five years, while the rent-to-income ratio suggests affordability pressure that warrants attentive lease management.
Within a 3-mile radius, recent years show modest population contraction alongside a slight increase in households and a projected rise in higher-income cohorts. Forecasts indicate households may grow further while average household size declines, implying a larger renter pool and demand for professionally managed units rather than an increase in newly formed units. Elevated home values (97th percentile nationally) and a high value-to-income ratio (98th percentile) point to a high-cost ownership market, which tends to sustain rental demand and bolster lease retention.
Vintage and competitiveness: Built in 1989, the asset is newer than the neighborhood’s average construction year of 1973. That relative youth can be competitively advantageous versus older stock, though investors should still plan for modernization of building systems and common areas to support positioning and rent growth.
Safety indicators are mixed and should be contextualized at the neighborhood scale. Compared with metro peers, the neighborhood’s crime rank sits in the lower half (rank 937 among 1,441), while national comparisons are relatively more favorable: property and violent offense levels align with the upper national tiers (approximately top quartile to better). Recent one-year change metrics, however, indicate an uptick, suggesting investors should monitor trends and property-level security practices over time.
Nearby corporate offices broaden the employment base and support renter demand via short commutes, including Avery Dennison, Disney, Radio Disney, Charter Communications, and Live Nation Entertainment.
- Avery Dennison — packaging & labeling (0.6 miles) — HQ
- Disney — entertainment (3.6 miles) — HQ
- Radio Disney — media (4.6 miles)
- Charter Communications — telecom (5.3 miles)
- Live Nation Entertainment — live entertainment (6.3 miles)
1219 N Columbus Ave offers investors exposure to a renter-centric Urban Core location with neighborhood occupancy around 95.5% (neighborhood-level) and amenity strength that ranks in the metro’s top quartile. Elevated home values and a high value-to-income landscape favor sustained reliance on rentals, supporting retention and pricing power when managed carefully. According to CRE market data from WDSuite, local rents sit in higher national percentiles, reinforcing the area’s position within Los Angeles’ competitive rental market.
Built in 1989, the property is newer than the neighborhood average vintage, creating a relative edge versus older stock while leaving room for value-add through interior and systems modernization. Within a 3-mile radius, households are expected to increase and average household size to decline, implying a broader renter pool and continued demand for professionally managed multifamily housing.
- Renter-heavy neighborhood (64.8% renter-occupied) supports depth of tenant demand
- Occupancy near mid-90s at the neighborhood level supports leasing stability
- High-cost ownership market underpins renter reliance and potential retention
- 1989 vintage offers competitive positioning with value-add modernization upside
- Risks: affordability pressure (high rent-to-income), limited park access, and recent safety volatility warrant diligent asset and lease management