| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 69th | Good |
| Amenities | 11th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1510 Rock Glen Ave, Glendale, CA, 91205, US |
| Region / Metro | Glendale |
| Year of Construction | 1973 |
| Units | 37 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1510 Rock Glen Ave Glendale Multifamily Investment
Neighborhood occupancy and renter demand appear stable for workforce-oriented units, according to WDSuite’s CRE market data. Elevated ownership costs in Glendale support sustained reliance on rentals, with pricing power tied to retention and quality management.
Located in Glendale’s Urban Core, the area posts an above-median national occupancy for the neighborhood, not the property, suggesting steady lease-up and retention potential in typical cycles. Renter-occupied housing makes up a significant share of neighborhood units, indicating a deep tenant base that can support consistent absorption and renewals.
Within a 3-mile radius, households have increased even as total population edged lower, pointing to smaller household sizes and a larger count of addressable households — dynamics that expand the renter pool and support occupancy stability. Median contract rents have risen over the last five years, while the neighborhood’s rent-to-income ratio sits near the middle of national readings, a combination that favors disciplined rent growth and renewal management.
Home values in the neighborhood rank among the highest nationally, a high-cost ownership market that tends to sustain renter reliance on multifamily housing and can bolster lease retention. Average school ratings test in the top quartile nationally, which can enhance location stickiness for tenants weighing alternatives across the Los Angeles-Long Beach-Glendale metro.
Amenity density for parks, cafes, and restaurants is limited at the immediate neighborhood level, while grocery access is comparatively better. For investors, that mix suggests marketing that emphasizes convenience to daily needs over destination retail, with expectations set appropriately — a practical takeaway supported by WDSuite’s commercial real estate analysis.
Safety indicators are favorable: the neighborhood scores in the top decile nationally on composite crime measures, and trends show notable year-over-year declines in both property and violent offenses. Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), the area is competitive and above typical levels, reinforcing day-to-day livability and helping support resident retention.
The employment base nearby spans branded manufacturing, entertainment, software, metals distribution, and real estate services — a diversified set of white-collar drivers that underpins commuter demand and leasing durability at this location.
- Avery Dennison — packaging & materials (1.9 miles) — HQ
- Disney — entertainment (5.5 miles) — HQ
- Microsoft — software (6.1 miles)
- Reliance Steel & Aluminum — metals distribution (6.2 miles) — HQ
- CBRE Group — real estate services (6.2 miles) — HQ
With 37 units built in 1973, the asset is newer than the neighborhood’s average vintage, offering competitive positioning versus older stock while leaving room for targeted modernization of systems and finishes to drive rents and retention. Neighborhood occupancy trends sit above the national median and the renter-occupied share is high, pointing to a sizeable tenant base and durable demand. Elevated home values in Glendale further reinforce reliance on rental housing, supporting pricing power for well-managed properties.
Within a 3-mile radius, households are increasing even as population trends soften, a pattern consistent with smaller household sizes and renter pool expansion — a constructive backdrop for lease stability. According to CRE market data from WDSuite, the area’s income profile and rent-to-income positioning support thoughtful rent growth strategies relative to the broader Los Angeles-Long Beach-Glendale metro.
- 1973 vintage offers value-add potential while remaining competitive versus older local stock
- Above-median neighborhood occupancy and high renter concentration support demand depth
- High-cost ownership market reinforces renter reliance and potential lease retention
- Household growth within 3 miles expands the tenant base despite softer population trends
- Risks: limited immediate amenity density and typical 1970s capital planning for systems/finishes