| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 55th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1243 Stanley Ave, Glendale, CA, 91206, US |
| Region / Metro | Glendale |
| Year of Construction | 1986 |
| Units | 33 |
| Transaction Date | 2016-03-24 |
| Transaction Price | $10,475,000 |
| Buyer | Sikder Family Trust |
| Seller | JDM Management, Inc. |
1243 Stanley Ave Glendale Multifamily Investment
In an urban core pocket with a high renter-occupied share and elevated ownership costs, the neighborhood supports steady tenant demand, according to WDSuite’s commercial real estate analysis.
Glendale’s Urban Core location offers strong daily-life convenience. Amenity access benchmarks in the top quartile nationally, with restaurants, grocery, pharmacies, parks, cafes, and childcare measuring well above national norms, which can support resident retention and leasing velocity based on CRE market data from WDSuite.
Within the Los Angeles-Long Beach-Glendale metro, the neighborhood is competitive among local peers (ranked 175 out of 1,441). The renter-occupied share at 71.2% indicates depth in the tenant base for multifamily. Neighborhood occupancy is 88.8% and has softened compared with five years ago; prudent underwriting should emphasize leasing execution and renewals to sustain stability at the property level.
Home values score high nationally, reflecting a high-cost ownership market that often reinforces reliance on multifamily rentals and can support pricing power when lease management is disciplined. School ratings are around the national midpoint, suggesting education quality is serviceable but not a primary differentiator.
Demographic statistics aggregated within a 3-mile radius show modest population contraction in recent years while household counts increased, implying smaller household sizes and a steady renter pool. Projections indicate a notable increase in households by 2028, which can expand the local tenant base and support occupancy and rent performance, even as rent-to-income ratios point to affordability pressure that warrants careful lease and renewal management.
Vintage is a differentiator: the area’s average construction year is 1974, while this asset was built in 1986. Being newer than much of the local stock can improve competitive positioning versus older assets, though investors should still plan for aging systems and targeted modernization to remain relevant against newer deliveries.
Safety outcomes can vary by corridor and over time in Los Angeles–area urban core neighborhoods. Specific crime ranks for this neighborhood are not available in the current dataset; investors typically review multi-year neighborhood trends relative to metro and national baselines, consult local management for on-the-ground context, and incorporate practical measures—lighting, access control, and site design—into capital planning where appropriate.
Nearby corporate offices provide a broad white-collar employment base and commute convenience for renters, including Avery Dennison, Disney, Radio Disney, Microsoft, and Reliance Steel & Aluminum.
- Avery Dennison — corporate offices (1.2 miles) — HQ
- Disney — entertainment corporate offices (5.0 miles) — HQ
- Radio Disney — media corporate offices (6.0 miles)
- Microsoft — technology offices (6.7 miles)
- Reliance Steel & Aluminum — corporate offices (6.8 miles) — HQ
1243 Stanley Ave is a 33-unit, 1986-vintage asset positioned in a competitive Glendale neighborhood where amenity access and high home values underpin renter reliance on multifamily. The neighborhood’s renter-occupied share indicates a deep tenant base, while neighborhood occupancy has eased, pointing to the importance of focused leasing and renewal strategies. According to CRE market data from WDSuite, the area compares well on income-producing fundamentals versus many national peers, supporting a thesis centered on demand depth and operational execution.
Within a 3-mile radius, recent population softness has coincided with growth in household counts, and projections indicate further household increases through 2028—supporting a larger tenant base. The asset’s 1986 vintage is newer than much of the local stock, offering competitive positioning with potential to unlock value through targeted modernization while monitoring affordability pressure in lease management.
- Renter demand depth supported by high renter-occupied share and a high-cost ownership market
- Competitive neighborhood standing within the Los Angeles-Long Beach-Glendale metro
- 1986 vintage offers relative positioning versus older stock with targeted modernization potential
- Household growth within 3 miles supports a larger tenant base and occupancy stability
- Risk: neighborhood occupancy has softened; active leasing, renewals, and affordability-aware pricing are key