| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 55th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 144 N Belmont St, Glendale, CA, 91206, US |
| Region / Metro | Glendale |
| Year of Construction | 1973 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
144 N Belmont St, Glendale 27-Unit Multifamily Investment
Renter demand is supported by a high-cost ownership market and strong neighborhood amenities, according to WDSuite’s CRE market data. Expect durable leasing interest driven by a deep renter base rather than speculative growth.
The property sits within Glendale’s Urban Core, where neighborhood quality ranks competitively (top quartile among 1,441 Los Angeles-Long Beach-Glendale neighborhoods). Daily-needs access is a strength: grocery, restaurant, cafe, pharmacy, and childcare density all place in the top decile nationally, supporting convenience-driven retention for workforce tenants.
This is a high-cost ownership market (home values trend in the low 90s national percentile), which tends to sustain rental demand and pricing power for well-positioned units. Median contract rents benchmark above national norms, while the neighborhood’s renter concentration is high, indicating a deep tenant base for multifamily operators.
Neighborhood occupancy has trailed the metro median recently, so asset-level marketing, renewal management, and product differentiation matter. Even so, the surrounding renter-occupied share suggests broad demand depth, and amenity access helps properties compete on value rather than price alone. In our multifamily property research, these fundamentals often correlate with steadier leasing velocity in infill submarkets.
Within a 3-mile radius, household counts have inched higher while population edged lower, pointing to smaller household sizes and demographic mix shifts. That dynamic typically broadens the renter pool and supports occupancy stability for appropriately sized units. Income levels in the 3-mile area have been rising, which can support renewal capture when paired with pragmatic rent-to-income thresholds.
Comparable neighborhood crime statistics were not available in the provided dataset, so investors should benchmark conditions against city and metro trends as part of diligence. A practical approach is to evaluate multi-year patterns and daytime activity levels around the asset rather than relying on single-year snapshots.
Nearby employers span materials manufacturing, entertainment, technology, and commercial real estate services, supporting a diverse commuter base and reinforcing leasing stability for workforce and professional tenants. The list below reflects major names within practical commuting distance.
- Avery Dennison — materials & labeling (1.0 miles) — HQ
- Disney — entertainment (4.8 miles) — HQ
- Microsoft — technology (6.6 miles)
- Live Nation Entertainment — entertainment offices (6.6 miles)
- CBRE Group — commercial real estate services (6.7 miles) — HQ
144 N Belmont St offers infill positioning in Glendale’s Urban Core with top-decile amenity access and a high renter concentration at the neighborhood level. The ownership market is high-cost by national standards, which generally supports sustained rental reliance and renewal capture for competitive units. According to CRE market data from WDSuite, neighborhood-level rents benchmark above national norms, while occupancy trends warrant hands-on asset management to maintain leasing velocity.
Within a 3-mile radius, household counts are expanding even as population trends modestly contract, implying smaller household sizes and a broader renter pool. Rising area incomes and proximity to diverse employers underpin demand, but rent-to-income pressures and variability in local school ratings call for measured pricing and renewal strategies.
- Infill Glendale location with top-decile amenity access supporting tenant retention
- High-cost ownership market reinforces reliance on multifamily rentals
- Household growth within 3 miles broadens the renter pool and supports steady leasing
- Diverse nearby employers underpin weekday demand and commute convenience
- Risks: sub-metro neighborhood occupancy, rent-to-income pressure, and uneven school ratings