| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 55th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 201 N Belmont St, Glendale, CA, 91206, US |
| Region / Metro | Glendale |
| Year of Construction | 1985 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
201 N Belmont St Glendale Multifamily Investment
This 25-unit property sits in a neighborhood ranking in the top quartile nationally for amenity access and net operating income per unit, with 71% of housing units occupied by renters according to CRE market data from WDSuite.
Located in Glendale's urban core, this neighborhood ranks 175th among 1,441 metro neighborhoods with an A rating, placing it in the top quartile for overall investment appeal. The area demonstrates strong rental fundamentals with 71% of housing units occupied by renters, significantly above national averages and indicating sustained multifamily demand.
The property was constructed in 1985, positioning it within the neighborhood's average construction vintage of 1974. This vintage presents potential value-add opportunities through strategic renovations and unit improvements, while the established building stock suggests stable rental dynamics and predictable capital planning needs.
Demographic data aggregated within a 3-mile radius shows a population of approximately 201,000 residents with median household income of $88,336. While forecasts suggest modest population decline through 2028, household formation is projected to increase 32%, expanding the renter pool and supporting occupancy stability. The area's rent-to-income ratio of 0.34 indicates affordability pressures that may affect tenant retention and renewal rates.
Amenity density ranks in the 95th percentile nationally, with 7 grocery stores per square mile and extensive restaurant and pharmacy access. This infrastructure supports tenant satisfaction and retention. However, neighborhood occupancy has declined 5.4 percentage points over five years to 88.8%, ranking in the lower half of metro neighborhoods and requiring attention to competitive positioning and lease management strategies.
Crime data for this specific neighborhood is not available in current reporting systems. Investors should conduct independent due diligence on local safety conditions and consider how security measures might affect operating costs and tenant appeal. The property's urban core location in Glendale suggests access to municipal services and infrastructure, though specific crime trends relative to the broader metro area cannot be quantified from available data sources.
The property benefits from proximity to several major corporate employers that provide workforce housing demand, including Fortune 500 headquarters and established entertainment industry offices within commuting distance.
- Avery Dennison — materials & manufacturing (0.9 miles) — HQ
- Disney — entertainment & media (4.7 miles) — HQ
- Radio Disney — broadcasting (5.6 miles)
- Live Nation Entertainment — entertainment services (6.6 miles)
- Microsoft — technology (6.6 miles)
This 25-unit Glendale property offers exposure to a top-quartile neighborhood with strong amenity infrastructure and above-average net operating income potential. The 1985 construction year positions the asset for value-add strategies while maintaining competitive unit sizes averaging 1,492 square feet. Commercial real estate analysis from WDSuite indicates the area's 71% renter occupancy rate significantly exceeds national norms, supporting long-term rental demand despite recent occupancy softness.
Demographic projections within the 3-mile radius show household growth of 32% through 2028, expanding the tenant base even as overall population remains stable. The property's proximity to major employers including Avery Dennison headquarters and Disney corporate offices provides workforce housing appeal, while the neighborhood's 95th percentile amenity ranking supports tenant retention and lease renewal rates.
- Top quartile neighborhood ranking with A-grade investment rating among 1,441 metro areas
- Above-average unit sizes and NOI per unit potential in established rental market
- Value-add opportunity through 1985 vintage with strategic renovation upside
- Projected 32% household growth supporting expanded renter pool through 2028
- Risk consideration: Recent occupancy decline requires competitive positioning and lease management focus