| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 64th | Good |
| Amenities | 90th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 207 W Lomita Ave, Glendale, CA, 91204, US |
| Region / Metro | Glendale |
| Year of Construction | 1974 |
| Units | 54 |
| Transaction Date | 1999-06-11 |
| Transaction Price | $3,400,000 |
| Buyer | LOMITA APARTMENTS INVESTORS LLC |
| Seller | C AND G PARTNERS |
207 W Lomita Ave Glendale Multifamily near Major Employers
Neighborhood occupancy remains steady and renter demand is reinforced by a high renter-occupied share in the surrounding area, according to WDSuite’s CRE market data. Investors should expect durable leasing fundamentals supported by strong local amenities and employment access.
Located in Glendale’s Urban Core, the property benefits from a neighborhood rated A and ranked 124th among 1,441 Los Angeles–Long Beach–Glendale metro neighborhoods, placing it in the top quartile locally. Amenity access is a clear strength, with the area landing in the 90th percentile nationally and strong density of restaurants, groceries, and cafes that support daily convenience and renter retention.
School quality trends are constructive for family-oriented renters: the neighborhood’s average school rating is 4.0 and ranks 121st of 1,441 metro neighborhoods (84th percentile nationally). These dynamics, alongside a neighborhood occupancy rate measured at the neighborhood level rather than the property, indicate stable housing demand and support for consistent lease-up and renewal performance.
Within a 3-mile radius, households have increased modestly over the past five years while population edged down, pointing to smaller household sizes and a broader renter pool. Renter-occupied housing accounts for approximately two-thirds of units in this 3-mile area, suggesting depth of demand for multifamily product and a wide tenant base.
Ownership remains a high-cost proposition locally, with elevated home values (98th percentile nationally). In this context, apartments serve as relatively more accessible housing options, which can reinforce sustained rental demand and pricing power, though lease management should account for rent-to-income pressures typical of the Los Angeles region.
Safety indicators compare favorably. The neighborhood ranks 175th out of 1,441 metro neighborhoods on crime, which is competitive within Los Angeles–Long Beach–Glendale and above the metro median. Nationally, the area sits in the 82nd percentile for safety, placing it in the top quartile compared with neighborhoods nationwide.
Recent trend data is also constructive: estimated violent and property offense rates have declined year over year, with meaningful improvements that align with top-tier national improvement percentiles. While safety can vary by block, these comparative and directional metrics suggest supportive conditions for renter retention and leasing stability.
Proximity to major corporate offices supports commuter convenience and a diversified renter base, notably in media, technology, and manufacturing. The employers below are representative of nearby demand drivers and realistic commute sheds for residents.
- Avery Dennison — manufacturing & materials (1.1 miles) — HQ
- Disney — entertainment studios & media (4.1 miles) — HQ
- Radio Disney — media offices (5.0 miles)
- Live Nation Entertainment — entertainment corporate offices (5.7 miles)
- Microsoft — technology offices (6.1 miles)
This 54‑unit property, built in 1974, is newer than much of the surrounding housing stock and can compete well against older inventory while still offering potential value-add through targeted system upgrades and modernization. Neighborhood fundamentals are supportive: occupancy at the neighborhood level remains solid, amenity access is top-quartile nationally, and elevated home values in the area sustain reliance on multifamily housing. According to CRE market data from WDSuite, the neighborhood also carries a high renter concentration, which contributes to a deeper tenant base and consistent leasing.
Within a 3-mile radius, households have grown and are projected to expand further, even as population growth is flat to slightly negative—signaling smaller household sizes and a larger pool of renters entering the market. Forward-looking income gains and continued rent growth expectations in the area indicate opportunities for steady cash flow management, though investors should underwrite rent-to-income and renewal sensitivity typical of high-cost Los Angeles submarkets.
- Competitive vintage (1974) versus older local stock, with value-add upgrade potential
- Strong amenity access and school ratings support retention and leasing velocity
- High renter concentration and employment access underpin demand durability
- Elevated ownership costs bolster multifamily demand and pricing power
- Risk: rent-to-income pressure in a high-cost market requires disciplined renewal strategy