| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 44th | Fair |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1930 Vassar St, Glendale, CA, 91204, US |
| Region / Metro | Glendale |
| Year of Construction | 1990 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1930 Vassar St Glendale 32-Unit Multifamily Investment
1990 construction offers a competitive edge amid older neighborhood stock, with strong renter demand signals in the immediate area, according to WDSuite’s CRE market data.
This Urban Core pocket of Glendale is competitive among Los Angeles-Long Beach-Glendale metro neighborhoods (ranked 310 of 1,441; A- neighborhood rating), offering dense amenities and daily convenience that support resident retention. Cafes, grocery options, and restaurants score in the mid- to upper-90s national percentiles, indicating walkable access to essentials and lifestyle services.
The property’s 1990 vintage is newer than the neighborhood average year built of 1947, which can enhance leasing appeal versus older comparables while still warranting targeted system upgrades or cosmetic repositioning to meet current renter expectations.
Renter-occupied share is high at the neighborhood level (upper-percentile nationally), signaling a deep tenant base for multifamily. Neighborhood occupancy has held in the low-90s in recent readings, suggesting generally stable lease-up and renewal dynamics, though owners should monitor seasonal softening given recent metro-wide shifts.
Within a 3-mile radius, households have grown modestly and are projected to increase further by 2028, even as average household size trends down. This combination points to a gradually expanding renter pool and steady demand for smaller household configurations. Elevated home values relative to incomes in the neighborhood context reinforce reliance on rental housing, supporting pricing power and lease retention for quality assets.
School ratings sit near the national midpoint, which is serviceable for a broad renter audience, while parks and pharmacies benchmark above national averages, adding everyday livability. Based on commercial real estate analysis patterns, these fundamentals collectively favor sustained renter interest over the medium term.
Safety indicators are favorable in this neighborhood compared with both the metro and the nation. The area ranks among the stronger performers in the Los Angeles-Long Beach-Glendale metro for lower crime rates (13 out of 1,441), and benchmarks in a high national percentile, indicating comparatively safer conditions versus neighborhoods nationwide.
Recent trends also point to improvement, with notable year-over-year declines observed in both property and violent offense estimates. For investors, this supports tenant retention and leasing stability, while standard risk management practices and property-level security measures remain prudent.
Proximity to established corporate offices underpins a steady workforce renter base and commute convenience. Nearby anchors include Avery Dennison, Microsoft, The Walt Disney Company, Reliance Steel & Aluminum, and CBRE Group.
- Avery Dennison — corporate offices (2.5 miles) — HQ
- Microsoft — corporate offices (4.7 miles)
- Disney — corporate offices (4.8 miles) — HQ
- Reliance Steel & Aluminum — corporate offices (4.8 miles) — HQ
- CBRE Group — corporate offices (4.8 miles) — HQ
Positioned in a high-amenity Urban Core of Glendale, the asset benefits from a renter-oriented neighborhood with low-90s occupancy and a large share of renter-occupied units. The 1990 construction is newer than much of the local stock, offering competitive positioning with potential to capture further value through selective modernization and revenue management. According to CRE market data from WDSuite, elevated neighborhood home values relative to incomes reinforce reliance on rental housing, supporting demand durability for well-maintained multifamily assets.
Within a 3-mile radius, households have increased and are projected to rise further by 2028, even as household sizes edge lower—favorable signals for an expanding tenant base. Rents have trended upward historically and are forecast to continue advancing, which, combined with proximity to major employers, supports occupancy stability and measured pricing power. Key risks include broader metro cyclicality and managing affordability pressure as rents grow.
- Newer 1990 vintage versus neighborhood average, with value-add and modernization upside
- High renter-occupied share and low-90s neighborhood occupancy support leasing stability
- Elevated ownership costs locally reinforce multifamily demand and pricing power
- 3-mile household growth and smaller household sizes expand the renter pool
- Risks: metro cyclicality and affordability pressure require disciplined revenue management