| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 55th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 125 N Cedar St, Glendale, CA, 91206, US |
| Region / Metro | Glendale |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | 1998-09-15 |
| Transaction Price | $1,550,000 |
| Buyer | SIROTT STANLEY A |
| Seller | SIU YUET WONG LO TR LO TRUST |
125 N Cedar St Glendale Multifamily Investment
This 24-unit property sits in a neighborhood with 97th percentile national rental demand and strong NOI performance, according to CRE market data from WDSuite.
The property is located in an A-rated neighborhood that ranks in the top quartile among 1,441 Los Angeles metro neighborhoods. With 71.2% of housing units renter-occupied, this area demonstrates strong rental demand fundamentals that place it in the 97th percentile nationally. The neighborhood achieves an average NOI per unit of $12,210, ranking in the 89th percentile nationwide for multifamily property research performance.
Built in 1972, the property aligns with the neighborhood's average construction year of 1974, indicating consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements. Median contract rents of $1,943 have grown 40% over the past five years, while the neighborhood maintains occupancy rates of 88.8%.
Demographics within a 3-mile radius show a stable tenant base with 202,270 residents and median household income of $88,231. The area benefits from exceptional amenity density, ranking in the 95th percentile nationally for cafes, pharmacies, and restaurants per square mile. With 6.95 grocery stores per square mile, the neighborhood provides strong tenant retention factors through walkable convenience.
Home values averaging $685,042 with 62.6% growth over five years sustain rental demand by limiting ownership accessibility. The rent-to-income ratio of 0.34 suggests manageable affordability conditions for tenant retention, though investors should monitor this metric for lease renewal dynamics.
Crime data for this specific neighborhood is not currently available in the dataset. Investors should conduct independent due diligence on local safety conditions and trends when evaluating this property. Consider reviewing recent crime statistics from the Glendale Police Department and conducting site visits during different times of day to assess the immediate area.
The property benefits from proximity to major corporate employers anchored by Avery Dennison's headquarters and Disney's corporate presence, supporting workforce housing demand in the area.
- Avery Dennison — materials and labeling solutions (1.0 miles) — HQ
- Disney — entertainment and media (4.7 miles) — HQ
- Radio Disney — broadcasting services (5.6 miles)
- Microsoft — technology offices (6.5 miles)
- CBRE Group — commercial real estate services (6.6 miles) — HQ
This 1972-built property presents a compelling value-add opportunity in a top-quartile Los Angeles neighborhood with exceptional rental demand fundamentals. The area's 71.2% renter occupancy rate ranks in the 97th percentile nationally, while neighborhood NOI performance averaging $12,210 per unit demonstrates strong income potential. With major employers like Avery Dennison headquarters within one mile and Disney corporate offices nearby, the location benefits from stable workforce housing demand.
Demographics within a 3-mile radius show household income growth of 40.7% over five years, supporting rent growth potential, while elevated home values averaging $685,042 sustain rental demand by limiting ownership accessibility. The property's vintage aligns with neighborhood norms, presenting renovation upside to capture premium rents in a market where contract rents have grown 40% over five years.
- Top quartile neighborhood ranking among 1,441 Los Angeles metro areas
- 97th percentile national rental demand with 71.2% renter occupancy
- Strong employer base anchored by Avery Dennison HQ within 1 mile
- Value-add potential through renovations of 1972 vintage units
- Risk consideration: Occupancy rates declined 5.4% over five years requiring active management