| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 52nd | Fair |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 132 N Adams St, Glendale, CA, 91205, US |
| Region / Metro | Glendale |
| Year of Construction | 1989 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
132 N Adams St Glendale Multifamily Investment
Positioned in an Urban Core pocket of Glendale with steady renter demand and high neighborhood occupancy, this 30-unit, 1989-vintage asset offers durable income potential, according to WDSuite’s CRE market data.
The property sits in a high-amenity Urban Core neighborhood of the Los Angeles-Long Beach-Glendale metro, ranked 140 of 1,441 metro neighborhoods — a top quartile position that underscores competitive fundamentals. Amenity access is a clear strength, with restaurants, grocery, cafes, parks, and pharmacies registering among the highest national percentiles, supporting convenience for residents and leasing appeal for multifamily.
Neighborhood occupancy is strong (97.1%), landing Above metro median and in the upper tiers nationally, which supports income durability and leasing stability. Within a 3-mile radius, approximately two-thirds of housing units are renter-occupied, indicating a deep tenant base that typically supports absorption and retention across cycles.
Home values in the surrounding neighborhood are elevated versus national norms, a high-cost ownership context that tends to reinforce reliance on multifamily rentals and can support pricing power and lease retention. Median asking rents in the neighborhood sit well above national medians and have risen meaningfully in recent years; investors should pair this with proactive lease management given rent-to-income signals that point to some affordability pressure.
Construction trends also favor this asset: the area’s average construction year skews older (late-1960s), while this property was built in 1989. The relative youth provides a competitive edge versus older stock, though investors should still plan for targeted modernization to sustain positioning against newer deliveries at the metro level.
Safety indicators for the neighborhood are comparatively favorable at the metro and national levels. Overall crime sits competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 545 of 1,441), and national positioning is above average. Property-offense estimates currently compare very well nationally (upper percentiles) with a notable year-over-year improvement, while violent-offense levels also benchmark better than many neighborhoods nationwide but have shown short-term volatility. Investors should underwrite with a neighborhood-level lens and monitor trends rather than block-level assumptions.
Proximity to major corporate offices provides a broad professional employment base that supports renter demand and commute convenience. Nearby employers include Avery Dennison, Disney, Radio Disney, Microsoft, and Reliance Steel & Aluminum.
- Avery Dennison — materials & labeling (1.2 miles) — HQ
- Disney — entertainment (4.86 miles) — HQ
- Radio Disney — media (5.77 miles)
- Microsoft — software (6.39 miles)
- Reliance Steel & Aluminum — metals distribution (6.47 miles) — HQ
132 N Adams St offers exposure to a top-quartile, amenity-rich Glendale neighborhood where occupancy remains elevated and renter concentration is deep. Built in 1989, the asset is newer than the neighborhood’s average vintage, providing competitive positioning versus older stock while leaving room for targeted value-add and system upgrades. Based on CRE market data from WDSuite, neighborhood rents and home values are high relative to national levels, which supports rental demand but calls for attentive affordability and retention strategies.
Within a 3-mile radius, household counts have grown and are projected to rise further even as average household size declines, which can expand the renter pool and support occupancy stability. Strong nearby corporate employment nodes further reinforce day-to-day demand drivers and leasing velocity for well-managed multifamily assets.
- High-amenity Urban Core location with Above-median metro occupancy supporting income durability.
- 1989 vintage is newer than area average, with potential for selective value-add to enhance competitiveness.
- Elevated home values bolster multifamily demand and can aid pricing power and lease retention.
- Nearby headquarters and corporate offices underpin a broad professional renter base and commute convenience.
- Risk: affordability pressure and short-term safety volatility warrant active lease and asset management.