| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 55th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1317 E Broadway, Glendale, CA, 91205, US |
| Region / Metro | Glendale |
| Year of Construction | 1989 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1317 E Broadway, Glendale Multifamily Investment
Renter-occupied housing is prevalent in the surrounding neighborhood, supporting depth of tenant demand, according to WDSuite’s CRE market data. Occupancy trends and location fundamentals point to stable leasing potential for a well-managed 34-unit asset.
Situated in Glendale’s Urban Core, the property benefits from a neighborhood rated A and ranked 175 among 1,441 Los Angeles-Long Beach-Glendale neighborhoods—competitive within the metro. Amenity access is a standout: grocery, restaurant, cafe, pharmacy, and park densities score in the mid-90s percentiles nationally, reinforcing day-to-day convenience that supports leasing and retention.
The area skews renter-occupied at the neighborhood level, with a renter concentration that sits in the top percentile tier metro-wide, indicating a large tenant base and durable multifamily demand. While neighborhood occupancy has moderated relative to national midpoints, abundant amenities and a deep renter pool provide supportive conditions for stabilized operations.
Within a 3-mile radius, WDSuite’s demographics show households are increasing even as population edges down, signaling smaller household sizes and an expanding renter pool that can support occupancy stability. Income levels are rising and rents are projected to grow further, which is positive for revenue management; investors should also plan for affordability-sensitive leasing strategies where appropriate.
Home values are elevated compared with national norms, a high-cost ownership landscape that tends to sustain multifamily demand and lease retention. Average school ratings in the area track near national midpoints, and investors typically view the neighborhood’s strong amenity access and employment proximity as primary demand drivers over school performance for adult-skewing renter profiles.
Neighborhood-level safety metrics are not available from WDSuite for this location at this time. Investors commonly pair city and metro public safety data with on-site measures (lighting, access control, management practices) and comparable submarket trends to assess risk and insurance considerations.
Nearby corporate anchors offer diverse employment—materials, entertainment, media, technology, and industrial distribution—supporting renter demand through commute convenience and a broad professional tenant base. The employers below represent accessible job centers for residents.
- Avery Dennison — materials (1.3 miles) — HQ
- Disney — entertainment (5.1 miles) — HQ
- Radio Disney — media (6.0 miles)
- Microsoft — technology (6.5 miles)
- Reliance Steel & Aluminum — metals distribution (6.6 miles) — HQ
1317 E Broadway is a 34-unit asset built in 1989—newer than the neighborhood’s average vintage—positioning it competitively versus older local stock while still warranting routine capital planning for aging systems. According to CRE market data from WDSuite, the surrounding neighborhood exhibits a high share of renter-occupied units and strong amenity density, which together underpin tenant demand even as occupancy trends sit closer to national midpoints.
Within a 3-mile radius, households are rising while population slightly contracts, indicating smaller household sizes and a growing number of renters entering the market—supportive for lease-up and renewal activity. Elevated ownership costs in this pocket of Los Angeles County reinforce reliance on multifamily housing and can aid pricing power; at the same time, rent-to-income dynamics call for attentive lease management to balance growth with retention.
- Newer 1989 vintage versus local average, enhancing competitive positioning with manageable modernization needs
- Deep neighborhood renter base and strong amenity access support steady demand and leasing velocity
- 3-mile household growth and income gains expand the tenant pool and support rent revenue management
- High-cost ownership market favors renter retention and multifamily reliance
- Risks: occupancy near national midpoints and affordability pressure require disciplined leasing and expense control