| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 51st | Fair |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1418 Glenwood Rd, Glendale, CA, 91201, US |
| Region / Metro | Glendale |
| Year of Construction | 1974 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1418 Glenwood Rd, Glendale CA Multifamily Investment
Neighborhood occupancy near 94% and an approximately 82% renter-occupied share indicate depth of tenant demand in this Urban Core pocket, according to WDSuite’s CRE market data. These are neighborhood measures, not property performance, and they support underwriting focused on stability with prudent rent growth assumptions.
Situated in Glendale’s Urban Core, the neighborhood posts a strong overall rating (A) with competitive fundamentals for multifamily. Amenity access ranks well within the metro (44th among 1,441 neighborhoods), and amenity density is top quartile nationally, with grocery and cafe counts among the highest nationwide. This concentration of daily needs and dining typically supports renter retention and reduces turnover friction.
Neighborhood occupancy is 93.8% and the renter-occupied share is 81.9% (neighborhood measures), signaling a deep, active renter base and generally steady leasing conditions. Median asking rents benchmark high versus national peers, while home values are also elevated for the metro context; together this supports pricing power for well-positioned assets but calls for disciplined lease management.
Within a 3-mile radius, households have grown in recent years and are projected to increase further, even as population is roughly flat to slightly contracting — a pattern consistent with smaller average household sizes. This dynamic tends to expand the renter pool and supports occupancy stability for professionally managed assets.
The property’s 1974 vintage is slightly older than the neighborhood’s average construction year (1976). For investors, that typically points to targeted capital planning and value-add potential through unit modernization and systems upgrades to remain competitive against newer stock.
Schools in the area average about 3.0 out of 5 (above the national median), which is serviceable for family renters. Elevated home values in the neighborhood context indicate a high-cost ownership market, which can reinforce reliance on multifamily housing and support lease retention for quality assets.
Comparable crime benchmarking for this neighborhood is not available in the current WDSuite feed. Investors typically contextualize safety by reviewing city and metro trend data, local law enforcement reports, and on-the-ground observations to understand conditions and trajectory without over-weighting block-level anecdotes.
Proximity to major corporate offices supports a diverse employment base and commute convenience for renters. Key nearby employers include Avery Dennison, Disney, Radio Disney, Charter Communications, and Live Nation Entertainment — all within a practical commuting radius that can bolster leasing and retention.
- Avery Dennison — corporate offices (1.8 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)
1418 Glenwood Rd offers scale at 38 units in a neighborhood with durable renter demand, supported by high amenity access and elevated ownership costs that keep the renter pool deep. Neighborhood occupancy near the mid‑90s and a high renter-occupied share point to stable leasing, while 3‑mile household growth suggests a larger tenant base even as average household sizes trend smaller. According to CRE market data from WDSuite, this area’s fundamentals compare favorably to national peers on amenities and income growth, supporting a steady long-term thesis for well-managed assets.
Built in 1974, the asset is slightly older than the local average vintage, creating a straightforward value‑add path via interior updates and selective building system improvements to defend rents against newer competition. Elevated rent-to-income levels call for careful renewal strategies and expense discipline, but strong employment access and the high-cost ownership landscape can underpin occupancy and lease retention.
- Strong renter base and mid‑90s neighborhood occupancy support stable leasing
- High amenity access and employment proximity bolster retention and pricing power
- 1974 vintage offers value‑add upside through targeted renovations and system upgrades
- Household growth within 3 miles expands the tenant pool despite smaller household sizes
- Risks: affordability pressure and aging components require disciplined lease and capital planning