| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 44th | Fair |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1273 Mariposa St, Glendale, CA, 91205, US |
| Region / Metro | Glendale |
| Year of Construction | 1985 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1273 Mariposa St Glendale 20-Unit Multifamily Asset
High renter concentration in the surrounding neighborhood supports a deeper tenant base and leasing durability, according to WDSuite’s CRE market data.
Located in Glendale’s Urban Core, the neighborhood ranks in the top quartile among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, signaling competitive fundamentals for multifamily investors. Amenity access is a clear strength: grocery, cafes, restaurants, parks, and pharmacies score in high national percentiles, which helps sustain daily-life convenience and renter appeal.
The property’s 1985 construction is newer than the area’s older housing stock (neighborhood average skews mid-20th century), which can provide a relative edge versus legacy buildings. Investors should still plan for ongoing system modernization and value-add upgrades typical for this vintage to maintain competitive positioning and support rent roll resilience.
Renter-occupied housing accounts for a large share of units locally (neighborhood data indicate a high renter concentration), reinforcing depth of demand for multifamily product and supporting occupancy stability through cycles. Within a 3-mile radius, household counts have increased and are projected to continue rising as average household size trends smaller—an investor-relevant shift that expands the tenant base and can support steady leasing velocity.
Ownership remains a high-cost proposition in this pocket of Los Angeles County (elevated home values and value-to-income ratios relative to national benchmarks). For multifamily operators, that context typically sustains reliance on rental housing and supports pricing power, while neighborhood rent-to-income metrics point to watchpoints for affordability pressure and lease management.
Neighborhood-level safety indicators compare favorably at the national level, with crime measures landing in higher national percentiles (safer relative to many U.S. neighborhoods). Recent year-over-year data also show notable declines in both property and violent offense rates, according to WDSuite’s CRE market data. As always, investors should consider property-specific security features and block-level variation during due diligence.
Proximity to established corporate employers supports a broad commuter tenant base and helps retention through convenience to major job centers. Nearby anchors include Avery Dennison, Disney, Microsoft, Reliance Steel & Aluminum, and CBRE Group.
- Avery Dennison — materials & packaging (1.9 miles) — HQ
- Disney — entertainment studios & media (4.6 miles) — HQ
- Microsoft — technology offices (5.3 miles)
- Reliance Steel & Aluminum — metals distribution (5.4 miles) — HQ
- CBRE Group — commercial real estate services (5.4 miles) — HQ
1273 Mariposa St brings 20 units to a renter-heavy Glendale submarket where neighborhood fundamentals are competitive within the Los Angeles-Long Beach-Glendale metro. Dense amenities and a high-cost ownership landscape reinforce reliance on multifamily housing, while neighborhood rent-to-income levels suggest measured affordability management can support retention. According to CRE market data from WDSuite, the surrounding neighborhood maintains solid occupancy and strong renter concentration, both constructive for income stability.
Built in 1985, the asset is newer than much of the area’s mid-century stock, offering relative positioning advantages alongside typical modernization and capex planning for systems and interiors. Within a 3-mile radius, households have grown historically and are projected to expand further even as average household size declines—an investor-relevant trend that broadens the tenant base and supports steady leasing demand.
- Competitive Urban Core location with top-tier amenity access supporting durable renter appeal
- High neighborhood renter-occupied share underpins depth of demand and occupancy stability
- 1985 vintage offers an edge versus older local stock with clear value-add/modernization pathways
- Household growth and smaller household sizes within 3 miles expand the tenant base and leasing velocity
- Watchpoints: maintain affordability discipline, monitor any local occupancy softening, and budget for ongoing system upgrades