| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 51st | Fair |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1400 Glenwood Rd, Glendale, CA, 91201, US |
| Region / Metro | Glendale |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | 2000-01-03 |
| Transaction Price | $1,900,000 |
| Buyer | SOLOMON ROSALYN GRUEN |
| Seller | GLEN WOOD APTS |
1400 Glenwood Rd Glendale Multifamily Investment Opportunity
Strong renter demand is supported by a high neighborhood renter-occupied share and abundant amenities, according to WDSuite’s CRE market data. Expect stable leasing fundamentals relative to the metro, with pricing power influenced by an urban-core location.
The property sits in Glendale’s Urban Core, where neighborhood fundamentals are competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 161 out of 1,441). Amenity access is a clear strength: neighborhood measures for groceries, cafes, pharmacies, and restaurants are in the top quartile nationally, reinforcing daily convenience and helping sustain multifamily renter demand. Average school ratings trend modestly above the national median, which can support retention among households prioritizing education access.
Neighborhood occupancy is measured at 93.8% and sits above the national median, based on CRE market data from WDSuite, signaling generally consistent leasing conditions at the neighborhood level (not at the property). The renter-occupied share of housing units is elevated locally (ranked 50 out of 1,441 metro neighborhoods), indicating a deep tenant base for multifamily assets and potential durability of demand through cycles.
Ownership costs are high for the area, with home values in the top quartile nationally and a high value-to-income ratio, which tends to reinforce reliance on rental housing and can aid lease retention. At the same time, rent-to-income levels indicate meaningful affordability pressure relative to national norms, suggesting careful lease management and renewal strategies remain important for revenue stability.
Construction year for the asset is 1972, slightly older than the neighborhood’s average vintage (1976). Investors should underwrite ongoing capital planning and consider value-add or modernization to maintain competitive positioning against newer stock, especially given the area’s amenity depth and renter concentration.
Within a 3-mile radius, WDSuite reports a stable renter pool with recent growth in household counts even as overall population has been roughly flat to slightly down. Looking ahead, projections show households continuing to expand while population trends soften, implying smaller household sizes and a larger tenant base entering the market, which can support occupancy stability and leasing velocity for well-positioned assets.
Neighborhood-level safety metrics specific to this location are not available in WDSuite’s dataset for the current period. Investors commonly benchmark safety by comparing neighborhood trends to city and metro patterns and by monitoring changes over time alongside property-level security measures and management practices.
Given the absence of verified rank or percentile data for crime among the 1,441 metro neighborhoods, a prudent approach is to incorporate third-party due diligence and review multi-year trend indicators before finalizing assumptions in underwriting.
Proximity to major corporate offices supports a sizable commuter renter base and helps underpin leasing stability for workforce and professional households. Key nearby employers include Avery Dennison, Disney, Radio Disney, Charter Communications, and Live Nation Entertainment.
- Avery Dennison — corporate offices (1.7 miles) — HQ
- Disney — corporate offices (2.6 miles) — HQ
- Radio Disney — corporate offices (3.6 miles)
- Charter Communications — corporate offices (4.1 miles)
- Live Nation Entertainment — corporate offices (5.9 miles)
1400 Glenwood Rd benefits from a competitive neighborhood profile within the Los Angeles-Long Beach-Glendale metro, with strong amenity access and an elevated renter-occupied share supporting depth of demand. According to commercial real estate analysis from WDSuite, neighborhood occupancy trends are above national medians and NOI per unit performance benchmarks competitively nationally, signaling resilient income potential for well-managed assets.
Built in 1972, the asset may warrant targeted capital improvements and modernization to maintain its position against newer product. Within a 3-mile radius, household counts have increased and are projected to continue rising even as population growth remains muted, implying smaller household sizes and a broader renter pool that can support leasing velocity and retention for appropriately positioned units and amenities.
- Competitive neighborhood standing and strong amenity access support durable multifamily demand
- Elevated renter-occupied share indicates a deep tenant base and potential occupancy stability
- Older 1972 vintage offers value-add and modernization potential to enhance positioning
- Household growth within 3 miles broadens the renter pool even as population trends soften
- Risk: Rent-to-income pressure suggests careful lease management and renewal strategy