| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 68th | Good |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 W Chestnut St, Glendale, CA, 91204, US |
| Region / Metro | Glendale |
| Year of Construction | 1986 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
200 W Chestnut St Glendale Multifamily Investment
Stabilized renter demand in Glendale's Urban Core supports consistent leasing, according to WDSuite's CRE market data. Neighborhood occupancy trends and amenity depth indicate durable performance relative to broader Los Angeles benchmarks.
Positioned in Glendale's Urban Core within the Los Angeles-Long Beach-Glendale metro, the property benefits from a neighborhood rated A and ranked 192 out of 1,441 metro neighborhoods — competitive among Los Angeles peers. Amenity access is a clear strength: the area sits in the top quartile nationally for overall amenities, with especially dense coverage of restaurants, groceries, cafes, childcare, and pharmacies. Park access is limited, so on-site or nearby private open-space programming can help round out livability for residents.
Renter demand is supported by high neighborhood occupancy at roughly the mid-90s and top-quartile NOI per unit nationally, based on CRE market data from WDSuite. Median contract rents benchmark high versus national norms, while the rent-to-income profile suggests some affordability pressure that owners should manage through renewals and pricing discipline. Compared with the metro, these dynamics point to steady absorption and competitive positioning for well-maintained assets.
The asset's 1986 vintage is newer than the neighborhood's average construction year (1966), which can offer a competitive edge over older stock; owners should still plan for targeted modernization of systems and common areas to sustain leasing velocity. Tenure patterns indicate a very high share of renter-occupied housing in the immediate neighborhood, signaling a deep tenant base. Within a 3-mile radius, household counts have grown modestly and are projected to rise further even as average household size trends smaller — a setup that can expand the renter pool and support occupancy stability. This commercial real estate analysis suggests demand resilience for professionally operated multifamily.
Safety metrics trend favorable versus national benchmarks. The neighborhood sits around the 89th percentile nationally for overall crime safety, and property offense rates are in a stronger tier (about the 94th percentile). Year over year, both violent and property offense estimates show notable declines (violent offense improvement around the 95th percentile and property offense improvement around the 93rd percentile nationally). These are neighborhood-level indicators and do not describe conditions at a specific property or block.
Nearby corporate offices underpin a strong employment base and commuting convenience for renters, led by Avery Dennison, Disney, Radio Disney, Live Nation Entertainment, and Microsoft.
- Avery Dennison — materials & labeling (1.2 miles) — HQ
- Disney — media & entertainment (4.1 miles) — HQ
- Radio Disney — media offices (5.0 miles)
- Live Nation Entertainment — entertainment offices (5.6 miles)
- Microsoft — technology offices (6.0 miles)
200 W Chestnut St offers 33 units with average layouts around 1,100 sq ft and a 1986 vintage that is newer than the neighborhood average. That positioning supports competitiveness against older Glendale stock while leaving room for targeted value-add upgrades to interiors and common areas. Neighborhood-level occupancy sits in the mid-90s with renter-occupied housing concentration high, pointing to a deep tenant base and steady absorption, according to multifamily property research from WDSuite.
Amenity density ranks in the top quartile nationally and anchors daily convenience, though limited park space suggests value in on-site amenities. High median rents and a low rent-to-income percentile call for attentive lease management to balance pricing power with retention. Overall, the fundamentals favor long-term income stability with selective capex to enhance competitiveness.
- Newer 1986 vintage versus local average supports competitive positioning with targeted modernization potential
- Deep renter base and mid-90s neighborhood occupancy support leasing stability
- Top-quartile amenity density enhances resident convenience and retention
- Risks: limited park access and affordability pressure require disciplined renewals and amenity strategy