| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 52nd | Fair |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 133 S Chevy Chase Dr, Glendale, CA, 91205, US |
| Region / Metro | Glendale |
| Year of Construction | 1973 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
133 S Chevy Chase Dr Glendale Multifamily Investment
Urban-core renter demand and high neighborhood occupancy support income stability, according to WDSuite’s CRE market data. Elevated ownership costs in Los Angeles County tend to reinforce the tenant base for well-located assets.
Located in Glendale’s Urban Core, the property benefits from a neighborhood rated A and ranked 140 among 1,441 Los Angeles-Long Beach-Glendale neighborhoods—competitive within the metro for investors screening stabilized demand and daily-life convenience. Amenity access is a notable strength, with restaurants, groceries, cafes, and pharmacies placing the area in the top national percentiles, which supports resident retention and leasing velocity.
Renter-occupied housing comprises a large share of neighborhood units (86.9%), indicating a deep tenant pool and consistent multifamily demand rather than owner-driven turnover. Neighborhood occupancy is strong and sits in the top quartile nationally, supporting expectations for steady leasing and limited downtime in comparable assets based on CRE market data from WDSuite.
The asset’s 1973 vintage is slightly newer than the neighborhood’s average construction year (1969). That positioning can be competitive versus older stock nearby, though investors should still plan for ongoing systems modernization and selective renovations to meet current renter expectations.
Within a 3-mile radius, demographics show a modest population contraction alongside a small increase in household counts and a forecast for further household growth, implying smaller household sizes and a gradually expanding renter pool. Rising median incomes and rents in the area indicate capacity for continued demand, but lease management should account for affordability pressure in select cohorts.
Home values are elevated relative to incomes (high national percentile), reinforcing reliance on rental housing and supporting tenant retention for multifamily. In this context, professionally managed properties with everyday amenity access can maintain competitive positioning versus ownership alternatives.
Neighborhood safety indicators are generally favorable in a national context, with overall crime measures around the upper-third nationally and violent offense rates similarly positioned. Property-related offenses have recently trended lower, placing the area in a notably strong national percentile, while violent offense trends show recent volatility. For underwriting, this mix suggests comparatively solid baseline conditions with attention to short-term swings rather than a uniform trend.
Compared with the broader Los Angeles-Long Beach-Glendale metro, the neighborhood’s safety profile is competitive and supports renter appeal, but prudent operators should monitor evolving patterns and coordinate with standard property-level security practices.
The Glendale-Burbank employment base combines corporate headquarters and major office nodes that sustain demand for workforce and professional renters. Nearby employers include Avery Dennison, Disney, Radio Disney, Microsoft, and Reliance Steel & Aluminum, supporting commute convenience and leasing stability.
- Avery Dennison — materials & packaging (1.26 miles) — HQ
- Disney — entertainment (4.94 miles) — HQ
- Radio Disney — entertainment media (5.85 miles)
- Microsoft — technology offices (6.41 miles)
- Reliance Steel & Aluminum — metals distribution (6.48 miles) — HQ
This 40-unit asset in Glendale’s Urban Core is positioned for durable renter demand: the neighborhood posts strong occupancy in the top quartile nationally and a high share of renter-occupied units, pointing to a large tenant base and historically steady lease-up. Elevated ownership costs in Los Angeles County, alongside robust amenity access, tend to support pricing power for well-managed multifamily, according to commercial real estate analysis from WDSuite.
Built in 1973, the property is slightly newer than the local average vintage, offering a competitive edge versus older stock while still warranting targeted capital planning for systems, interiors, and curb appeal. Within a 3-mile radius, modest population decline is offset by rising household counts today and in the forecast, which supports occupancy stability and a consistent pipeline of prospective renters—tempered by affordability considerations that call for disciplined lease management.
- High neighborhood occupancy and deep renter concentration support stable leasing
- Amenity-rich urban location aids retention and long-term demand
- 1973 vintage offers value-add potential through targeted modernization
- Household growth within 3 miles underpins tenant pipeline despite flat population
- Risk: elevated rent-to-income ratios require careful renewals and pricing strategy