| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 55th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1470 E Wilson Ave, Glendale, CA, 91206, US |
| Region / Metro | Glendale |
| Year of Construction | 1972 |
| Units | 21 |
| Transaction Date | 2019-03-29 |
| Transaction Price | $5,875,000 |
| Buyer | NARAN AND NISHA VARU 1993 LIVING TRUST |
| Seller | THE WILSON PROPERTY |
1470 E Wilson Ave Glendale Multifamily Investment
Neighborhood renter-occupied share is elevated and ownership costs are high, supporting a deep tenant base even with some occupancy variability, according to WDSuite s CRE market data.
The property sits in Glendale s Urban Core, where the neighborhood ranks in the top quartile among 1,441 Los Angeles-Long Beach-Glendale metro neighborhoods (Neighborhood Rating: A). Local amenity density is a standout groceries, restaurants, cafes, parks, and pharmacies register at high national percentiles which supports resident convenience and lease retention for workforce and professional renters.
Renter concentration is strong: the share of housing units that are renter-occupied is well above metro norms (top national percentile), indicating a sizable tenant pool and consistent leasing demand at the neighborhood level. By contrast, neighborhood occupancy is below the metro median, suggesting operators should emphasize retention and renewal management to stabilize performance relative to peers. Median home values are elevated (high national percentile) and the value-to-income ratio is among the highest nationally, which typically sustains multifamily demand as households rely on rentals in a high-cost ownership market.
Construction vintage in the immediate area averages mid-1970s. With a 1972 build, this asset is slightly older than nearby stock, pointing to potential value-add or targeted capital planning (systems, interiors, curb appeal) to maintain competitive positioning against renovated comparables.
Within a 3-mile radius, household counts have inched up while average household size has trended smaller, and projections call for further household growth alongside rising incomes. That combination generally supports a larger renter base and absorption capacity, though the neighborhood s rent-to-income ratio indicates affordability pressure that owners should manage through thoughtful pricing and renewal strategy based on commercial real estate analysis from WDSuite.
Comparable neighborhood crime metrics are not available in the current WDSuite release for this location. Investors should evaluate safety using multiple sources and trend context at the neighborhood and city levels rather than block-specific claims.
Proximity to major corporate offices underpins renter demand and renewal potential, with a mix of headquarters and regional offices accessible within typical commute times. Nearby employers include Avery Dennison, Disney, Radio Disney, Microsoft, and Reliance Steel & Aluminum.
- Avery Dennison corporate offices (1.5 miles) HQ
- Disney corporate offices (5.3 miles) HQ
- Radio Disney corporate offices (6.3 miles)
- Microsoft corporate offices (6.6 miles)
- Reliance Steel & Aluminum corporate offices (6.7 miles) HQ
1470 E Wilson Ave is a 21-unit, 1972-vintage asset positioned in a high-amenity Glendale neighborhood that scores competitively within the Los Angeles metro. Elevated renter-occupied share and a high-cost ownership environment create depth in the tenant base, while neighborhood occupancy trends below the metro median signal the importance of active leasing and renewal management to sustain stability. According to CRE market data from WDSuite, neighborhood NOI per unit trends are strong relative to peers, and projected household growth within 3 miles supports long-run renter pool expansion.
Given its slightly older vintage versus the area average, the asset presents practical value-add angles select system upgrades and interior modernization to bolster competitive standing against renovated comparables while monitoring affordability pressure (rent-to-income levels) to balance pricing power with retention.
- High renter-occupied share and elevated home values support durable multifamily demand
- Strong amenity access aids leasing velocity and renewal prospects
- 1972 vintage offers targeted value-add potential to enhance competitiveness
- Local occupancy below metro median requires focused retention and leasing execution
- Affordability pressure (rent-to-income) is a watch item for pricing and renewal strategy