| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 44th | Fair |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1915 Vassar St, Glendale, CA, 91204, US |
| Region / Metro | Glendale |
| Year of Construction | 1989 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1915 Vassar St, Glendale CA Multifamily Investment
High renter concentration and a high-cost ownership landscape in Glendale support durable apartment demand, according to WDSuite s CRE market data. Investors evaluating tenancy depth and retention potential will find location fundamentals to be the primary driver here.
This Urban Core neighborhood rates A- overall and is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 310 out of 1,441). Daily convenience is a clear strength: grocery, restaurant, cafe, and pharmacy access score in the top national percentiles, aiding lease retention and supporting a strong renter lifestyle.
Neighborhood occupancy is generally above the national median (per WDSuite s CRE market data), with renter-occupied housing accounting for a substantial share of units. A high renter concentration indicates a deep tenant base for multifamily, which can help stabilize leasing through cycles.
Home values are elevated relative to most U.S. neighborhoods, and the value-to-income ratio sits among the higher national readings. In practical terms, this is a high-cost ownership market where many households rely on multifamily housing longer, reinforcing rental demand and supporting pricing power when units are well positioned.
Within a 3-mile radius, recent trends show a modest decline in population alongside an increase in total households and smaller average household sizes. For investors, that mix points to a broader renter pool over time and supports occupancy stability, especially for well-amenitized, professionally managed communities. Average school ratings are near national mid-range, which aligns with broad-based renter appeal rather than a narrowly defined school-driven demand story.
Safety trends compare favorably at the national level, with the neighborhood landing in higher national percentiles for reduced estimated offense rates. According to WDSuite s CRE market data, one-year changes in both violent and property offense estimates show strong improvement, placing the area among the better-improving parts of the Los Angeles-Long Beach-Glendale metro (top performing ranks relative to 1,441 neighborhoods).
As with many Urban Core locations, conditions can vary block to block and over time. Investors typically focus on property-level controls and professional management to sustain resident satisfaction and retention, while monitoring metro and neighborhood trendlines rather than any single-period data point.
Nearby corporate employment spans materials, software, entertainment, metals distribution, and real estate services a0 these commuter-friendly anchors help deepen the local renter pool and support leasing stability.
- Avery Dennison materials & labeling (2.5 miles) HQ
- Microsoft software (4.7 miles)
- Disney entertainment (4.8 miles) HQ
- Reliance Steel & Aluminum metals distribution (4.8 miles) HQ
- CBRE Group commercial real estate services (4.8 miles) HQ
Built in 1989, the property is newer than much of the surrounding housing stock, offering competitive positioning versus older inventory while leaving room for focused modernization as systems age. Strong neighborhood amenity access and a high renter-occupied share indicate depth of tenant demand; meanwhile, elevated home values in the area reinforce reliance on multifamily housing, supporting occupancy durability and rent growth management. According to CRE market data from WDSuite, neighborhood occupancy generally trends slightly above national medians, aligning with stable operations when units are professionally managed.
Demographic patterns within a 3-mile radius show modest population softening but increasing household counts and smaller household sizes, which typically expand the renter pool and support renewal outcomes. Key regional employers within a 5-mile commute add further support to leasing consistency across cycles.
- 1989 vintage offers competitive standing versus older local stock, with targeted value-add or system updates to enhance positioning
- High renter-occupied share and amenity-rich setting underpin tenant demand and retention
- Elevated ownership costs in the area support sustained reliance on rentals and pricing power for well-run assets
- Within 3 miles, rising household counts and smaller household sizes point to a broader renter pool and occupancy stability
- Risks: Urban Core location and mixed school ratings call for proactive management and thoughtful lease strategy