| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 51st | Fair |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1501 5th St, Glendale, CA, 91201, US |
| Region / Metro | Glendale |
| Year of Construction | 1984 |
| Units | 63 |
| Transaction Date | 2004-05-13 |
| Transaction Price | $14,100,000 |
| Buyer | LA SONORA 2010 LLC |
| Seller | TEACHERS INSURANCE & ANNUITY ASSOCIATION |
1501 5th St, Glendale, CA Multifamily Investment
Dense renter demand and amenity-rich fundamentals in Glendale point to durable leasing and pricing power, according to WDSuite’s CRE market data. Neighborhood occupancy has held in a healthy band while nearby ownership costs remain elevated, supporting long-term renter reliance.
Located in Glendale 4an Urban Core setting within the Los Angeles-Long Beach-Glendale metro 4the neighborhood scores A-rated overall and is competitive among 1,441 metro neighborhoods (ranked 161). Amenity access is a defining strength: grocery and caf e9 density sit in the top quartile nationally, with neighborhood caf e9 availability ranking competitive among Los Angeles-Long Beach-Glendale neighborhoods (33 of 1,441), supporting convenience for residents and day-to-day livability.
Everyday needs are met within a short radius: pharmacies and parks index in the top quartile nationally, and restaurant concentration also sits well above national norms. Average school ratings trend around the metro middle, which helps broaden the resident pool without being a primary rent driver. These location advantages underpin leasing velocity and renewal potential for multifamily assets.
The 1984 construction at 1501 5th St is newer than the neighborhood e2 80 99s average vintage (1976). For investors, that typically means relatively competitive systems and finishes versus older stock, while still allowing targeted modernization or common-area upgrades to capture value-add upside and manage long-term capital planning.
Renter-occupied housing is a defining characteristic locally (neighborhood renter concentration is among the highest in the nation), reinforcing depth of the tenant base and supporting occupancy stability. Within a 3-mile radius, demographic statistics show households have increased even as average household size trends lower 4a shift that expands the renter pool and supports ongoing demand for multifamily units.
Ownership remains a high-cost path in this neighborhood relative to local incomes, with home values positioned in the top quartile nationally. That dynamic sustains reliance on rental housing, aiding lease retention and providing support for rent growth management. Neighborhood NOI per unit performs in the top quartile nationally, signaling strong income fundamentals compared with peer areas.
Neighborhood-level crime metrics for this location are not available in WDSuite e2 80 99s current release. Investors typically benchmark this area against broader Los Angeles-Long Beach-Glendale metro trends and municipal reporting to contextualize risk and align on appropriate security, lighting, and property management practices.
Proximity to major corporate offices supports a large commuter tenant base and enhances retention through convenient access to established employers including Avery Dennison, Disney, Radio Disney, Charter Communications, and Live Nation Entertainment.
- Avery Dennison 14 corporate offices (1.8 miles) 14 HQ
- Disney 14 corporate offices (2.5 miles) 14 HQ
- Radio Disney 14 corporate offices (3.5 miles)
- Charter Communications 14 corporate offices (4.0 miles)
- Live Nation Entertainment 14 corporate offices (5.8 miles)
1501 5th St offers scale at 63 units with a 1984 vintage that is newer than the neighborhood average, enabling selective value-add while maintaining competitive operating costs. The surrounding Glendale neighborhood shows durable renter demand: high renter-occupied share, strong amenity access, and occupancy that trends above national medians. Elevated ownership costs in the area reinforce reliance on multifamily housing, supporting rent resilience and renewal capture. Based on commercial real estate analysis from WDSuite, these fundamentals compare favorably to broader metro patterns and point to stable cash flow potential.
Within a 3-mile radius, household counts are rising as average household size declines, indicating more, smaller households entering the market 4a tailwind for the renter pool even as population growth is flat to slightly negative in forward projections. Rent-to-income levels suggest some affordability pressure, which places a premium on unit mix, renewals, and resident experience to sustain occupancy and pricing.
- Amenity-rich Urban Core location with top-quartile national access to groceries, cafes, and services supporting leasing velocity.
- Newer 1984 construction versus neighborhood average, with targeted renovation and common-area upgrades offering value-add upside.
- Deep renter base and strong renewal backdrop as high ownership costs sustain reliance on multifamily housing.
- Household growth within 3 miles expands the tenant base even as household sizes shrink, supporting occupancy stability.
- Risk: rent-to-income signals affordability pressure; focus on resident retention, unit finishes, and lease management to mitigate.