| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 55th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1517 Rock Glen Ave, Glendale, CA, 91205, US |
| Region / Metro | Glendale |
| Year of Construction | 1988 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1517 Rock Glen Ave Glendale Multifamily Investment
Situated in an A-rated Urban Core pocket of Glendale, this 26-unit asset benefits from a high renter concentration and a deep amenities base that supports everyday convenience, according to WDSuite’s CRE market data. Elevated ownership costs in the neighborhood reinforce multifamily renter reliance, supporting demand durability.
The property sits within a competitively positioned Glendale neighborhood that ranks in the top quartile nationally among 1,441 metro neighborhoods, per WDSuite. Dense retail and services are close at hand: restaurants, groceries, pharmacies, and cafes all benchmark in high national percentiles, reinforcing daily convenience and reducing commute friction for residents.
Renter-occupied housing accounts for a large share of neighborhood units (top national percentile), signaling a deep tenant base and steady leasing flow for multifamily. By contrast, neighborhood occupancy trends sit below the national median, suggesting that thoughtful leasing strategy and resident retention programs can be accretive to performance.
Construction across the neighborhood skews older (average vintage around the 1970s), while this property’s 1988 delivery positions it newer than much of the surrounding stock. That relative age can be a competitive edge versus older buildings while still leaving room for targeted system upgrades or value-add finishes to capture rent premiums.
Within a 3-mile radius, recent data show a modest decline in population alongside an increase in total households and smaller average household sizes. Looking ahead, forecasts indicate further household growth and continued downsizing, which typically expands the renter pool and supports occupancy stability for well-managed assets.
Home values in the neighborhood benchmark well above national norms and the value-to-income ratio is in a high national percentile. In practice, this high-cost ownership market tends to sustain rental demand and can aid lease retention, though the neighborhood’s rent-to-income levels point to affordability pressure that operators should manage with disciplined renewals and amenity-driven retention.
Average school ratings are around the national midpoint and are not the primary demand driver; instead, the area’s amenity access, employment connectivity, and strong renter concentration underpin the investment case.
Neighborhood-level crime metrics suitable for consistent comparison were not available in WDSuite for this specific area at the time of publication. Investors often benchmark safety using city and county trend reports and emphasize property-level measures (lighting, access control, and on-site management) to support resident comfort and retention.
Proximity to major corporate offices underpins renter demand through commute convenience and a diversified employment base, including Avery Dennison, Disney, Microsoft, Reliance Steel & Aluminum, and CBRE Group.
- Avery Dennison — materials & labeling (1.9 miles) — HQ
- Disney — entertainment studios & media (5.5 miles) — HQ
- Microsoft — technology offices (6.2 miles)
- Reliance Steel & Aluminum — metals & distribution (6.3 miles) — HQ
- CBRE Group — commercial real estate services (6.3 miles) — HQ
1517 Rock Glen Ave offers scale for hands-on management at 26 units and a 1988 vintage that is newer than the neighborhood average, creating room for targeted renovations while maintaining competitive positioning versus older stock. Based on commercial real estate analysis from WDSuite, the surrounding neighborhood shows top-quartile amenity access and a high share of renter-occupied housing, which together support durable multifamily demand even as occupancy trends sit below the national median.
Within a 3-mile radius, households have risen despite a softer population count, and forecasts point to further household growth alongside smaller household sizes — conditions that typically expand the renter pool and support leasing stability. Elevated home values relative to incomes indicate a high-cost ownership market that can bolster retention, though rent-to-income levels imply affordability pressure that warrants disciplined renewal management.
- Newer 1988 vintage than area average with value-add potential via targeted upgrades
- High renter concentration and top-quartile amenities support demand and leasing velocity
- Household growth and smaller household sizes (3-mile radius) expand the renter pool
- High-cost ownership market supports retention and pricing power for well-run assets
- Risks: below-national-median neighborhood occupancy and rent-to-income pressure require proactive lease management