| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 55th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 209 E Palmer Ave, Glendale, CA, 91205, US |
| Region / Metro | Glendale |
| Year of Construction | 1988 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
209 E Palmer Ave, Glendale CA Multifamily Opportunity
Positioned in Glendale s Urban Core, the property benefits from a large renter base and strong neighborhood amenity access, according to WDSuite s CRE market data.
This Urban Core location in Glendale offers day-to-day convenience that supports leasing and retention. Amenity access ranks competitively among 1,441 Los Angeles-Long Beach-Glendale metro neighborhoods, with a dense mix of cafes, groceries, pharmacies, and parks placing the area in top national percentiles for daily needs and recreation. Average school ratings around 3.5 out of 5 indicate broadly serviceable options for households.
The neighborhood s housing stock skews older than the property (average construction year 1963 versus this asset s 1988), giving a 1980s vintage asset relative competitiveness against mid-century product while still warranting routine system updates and modernization planning. Neighborhood occupancy is roughly in line with national norms and has edged lower over the last five years; investors should underwrite steady demand with conservative lease-up assumptions.
Renter-occupied housing accounts for a high share of neighborhood units (above most U.S. neighborhoods), pointing to a deep tenant base for multifamily. In a high-cost homeownership market (home values in top national percentiles), leasing demand is reinforced as many households rely on multifamily options, which can support pricing power and stabilize occupancy through cycles.
Within a 3-mile radius, population has been modestly lower while total households have ticked higher and average household size has eased, signaling smaller households and a steady renter pool. Rising incomes in the area broaden the addressable tenant base over time, supporting rent growth strategies when paired with targeted upgrades, based on CRE market data from WDSuite.
Relative to the Los Angeles-Long Beach-Glendale metro, the neighborhood s safety profile is competitive: crime ranks in the top quartile among 1,441 metro neighborhoods and falls in a favorable position nationally. WDSuite s data place the area well above national medians for property and violent offense safety.
Recent trends indicate year-over-year declines in both property and violent offenses. While conditions can vary by block and over time, the broader directional improvement supports leasing stability narratives when combined with the submarket s strong amenity base.
Nearby corporate offices provide a diverse employment base that supports renter demand and commute convenience, including Avery Dennison, Disney, Radio Disney, Microsoft, and Reliance Steel & Aluminum.
- Avery Dennison corporate offices (1.7 miles) HQ
- Disney corporate offices (4.5 miles) HQ
- Radio Disney corporate offices (5.3 miles)
- Microsoft corporate offices (5.5 miles)
- Reliance Steel & Aluminum corporate offices (5.6 miles) HQ
209 E Palmer Ave is a 42-unit, 1988-vintage asset positioned within a renter-heavy Glendale neighborhood offering strong daily-needs access and commute connectivity. The vintage is newer than the neighborhood average, giving the property competitive positioning versus older mid-century stock while leaving room for targeted value-add and systems modernization. Neighborhood occupancy trends sit near national norms, and ownership costs are elevated locally, which reinforces reliance on multifamily and supports pricing power when operations are well-managed.
Within a 3-mile radius, households have increased even as population has eased and average household size declined, indicating a steady renter pool shaped by smaller households. Coupled with rising area incomes and proximity to anchor employers, the setup favors durable demand; according to CRE market data from WDSuite, the submarket s amenity depth and safety improvements further support long-run leasing stability. Key risks include retention management amid rent-to-income pressure and the need to budget for ongoing upgrades typical of late-1980s construction.
- 1988 vintage out-positions older neighborhood stock while allowing targeted value-add
- Renter-heavy neighborhood and high-cost ownership market support deep tenant demand
- Amenity-rich Urban Core location with strong daily-needs access aids leasing and retention
- Household growth (3-mile radius) and rising incomes bolster long-term demand
- Risks: rent-to-income pressure may affect retention; plan capex for 1980s systems and interiors