| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 52nd | Fair |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1319 E Harvard St, Glendale, CA, 91205, US |
| Region / Metro | Glendale |
| Year of Construction | 1973 |
| Units | 42 |
| Transaction Date | 1995-06-09 |
| Transaction Price | $2,200,000 |
| Buyer | SIROTT STANLEY A |
| Seller | CLARKE EDWARD J |
1319 E Harvard St Glendale 42-Unit Multifamily
Renter demand is supported by a high neighborhood renter-occupied share and above-median occupancy, according to WDSuite’s CRE market data. Location fundamentals in Glendale’s urban core point to stable leasing with pricing power balanced by careful affordability management.
Situated in Glendale’s Urban Core, the property benefits from a neighborhood rated A and ranked 140 of 1,441 across the Los Angeles metro, placing it in the top quartile among metro neighborhoods. Amenities are a clear strength: restaurants and pharmacies score near the top nationally, with groceries and cafes also well above national medians. For residents, this density of daily needs supports convenience and reduces friction in leasing decisions.
Neighborhood occupancy is above national norms (ranked in the higher national percentiles), and the renter-occupied share is notably high, indicating a deep tenant base rather than reliance on a narrow demand segment. This typically aids lease-up velocity and renewal stability for multifamily assets in similar locations.
The building’s 1973 vintage is slightly newer than the neighborhood’s average construction year. Investors should plan for ongoing system upgrades and modernization, but the asset can be competitive versus older local stock with targeted capital improvements that enhance finishes, energy performance, and resident experience.
Demographic statistics within a 3-mile radius show modest population softening alongside a small increase in household counts and a projected step-up in higher-income households. That mix suggests smaller average household sizes and a broader renter pool over the next few years, which can support occupancy stability and selective rent growth for well-positioned properties.
Home values are elevated relative to national benchmarks, a high-cost ownership context that tends to sustain reliance on rental housing. At the same time, neighborhood rent-to-income levels imply affordability pressure for some cohorts, so effective lease management and unit-level value delivery remain important to retention.
Relative to Los Angeles metro peers, the neighborhood’s safety profile is competitive (crime rank sits within roughly the better 40% of 1,441 metro neighborhoods). Nationally, overall safety indicators are above average, placing the area in higher percentiles versus neighborhoods nationwide.
Recent trend signals are mixed: property offense estimates have improved on a year-over-year basis, while some violent offense measures show volatility. For investors, this points to a generally solid baseline with typical urban dynamics; monitoring trends over time and aligning property operations with standard safety best practices is prudent.
Proximity to major corporate offices supports a robust renter base seeking commute convenience. Key employers nearby include Avery Dennison, Disney, Radio Disney, Microsoft, and Reliance Steel & Aluminum.
- Avery Dennison — corporate offices (1.4 miles) — HQ
- Disney — corporate offices (5.12 miles) — HQ
- Radio Disney — corporate offices (6.03 miles)
- Microsoft — corporate offices (6.41 miles)
- Reliance Steel & Aluminum — corporate offices (6.48 miles) — HQ
1319 E Harvard St is a 42-unit multifamily property positioned in an amenity-rich Glendale neighborhood that ranks in the top quartile among 1,441 Los Angeles metro neighborhoods. Neighborhood occupancy sits above national norms and the renter-occupied share is high, indicating depth of tenant demand and potential for steady renewals. Elevated ownership costs locally reinforce reliance on rental housing, while household growth within a 3-mile radius points to a larger tenant base over time.
The 1973 vintage suggests ongoing capital planning for systems and interiors, with scope for selective value-add to strengthen competitive positioning against older stock. According to CRE market data from WDSuite, local fundamentals and employer proximity support leasing durability; investors should balance this with prudent affordability and retention strategies given rent-to-income pressures and typical urban safety variability.
- Top-quartile Los Angeles metro neighborhood with strong amenity access and transit-friendly urban context
- Above-average neighborhood occupancy and high renter-occupied share support stable leasing and renewals
- 1973 vintage offers value-add potential via targeted system upgrades and unit modernization
- Proximity to major employers underpins demand across diverse renter cohorts
- Risks: rent-to-income pressure and normal urban safety variability call for disciplined leasing and resident retention tactics