| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 80th | Best |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2615 Canada Blvd, Glendale, CA, 91208, US |
| Region / Metro | Glendale |
| Year of Construction | 1988 |
| Units | 41 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2615 Canada Blvd, Glendale CA Multifamily Positioning
Neighborhood occupancy remains steady and competitive for Los Angeles-Long Beach-Glendale, supporting rent roll durability in an ownership-heavy pocket; according to WDSuite’s CRE market data, elevated ownership costs in the area tend to reinforce multifamily demand over time.
This suburban Glendale location carries a B+ neighborhood rating and sits competitive among Los Angeles-Long Beach-Glendale neighborhoods (rank 480 of 1,441), with occupancy in the neighborhood at 96.3% and edging higher over the last five years. That level places the area in the top quartile nationally, a constructive backdrop for lease stability, per WDSuite’s CRE market data.
Amenity access is mixed: restaurants track around national midlevels, grocery access is near the national midpoint, and park presence trends above average (around the 74th percentile nationally), while cafes and pharmacies are thinner locally. For investors, that translates to livability that leans residential and quiet, with recreational access but fewer small-format conveniences within close proximity.
Ownership dynamics matter here. Within the neighborhood, renter-occupied housing represents a relatively small share of units (18.2%), signaling an owner-heavy micro-location and constrained rental stock. In contrast, demographics aggregated within a 3-mile radius indicate a broader renter base (about 54% renter-occupied), suggesting depth of demand across the immediate trade area even if the block-level renter concentration is lower.
Household economics are a core strength. Neighborhood incomes skew high (above the 90th percentile nationally) and educational attainment is elevated, which supports credit quality. Home values in the neighborhood rank near the top of U.S. neighborhoods, and the value-to-income ratio sits in the highest national tier—conditions that typically sustain reliance on rental housing and support pricing power. Rent burdens trend moderate for the area (rent-to-income ratios sit below national medians), which can aid retention and reduce turnover risk.
Demographics within a 3-mile radius show a slight population contraction over the past five years alongside a modest increase in household counts, pointing to smaller average household sizes and a steady renter pool. Forward-looking estimates call for continued growth in households through 2028, which supports a larger tenant base and occupancy stability for well-positioned multifamily assets.
Neighborhood-level crime metrics are not available in WDSuite for this location. Without consistent rank or percentile data against the 1,441 Los Angeles-Long Beach-Glendale neighborhoods, investors typically benchmark safety using city and county releases and compare trends at the neighborhood and police-division level. As with any submarket in greater Los Angeles, prudent diligence includes confirming recent trendlines and conditions during typical commute and evening hours.
Proximity to major corporate employers supports commuter convenience and broad-based renter demand, led by headquarters and large offices in media, entertainment, and diversified services: Avery Dennison, Disney, Charter Communications, Radio Disney, and Live Nation Entertainment.
- Avery Dennison — materials & labeling (2.45 miles) — HQ
- Disney — media & entertainment (5.79 miles) — HQ
- Charter Communications — telecommunications (6.66 miles)
- Radio Disney — media offices (6.78 miles)
- Live Nation Entertainment — entertainment (8.71 miles)
2615 Canada Blvd is a 41-unit multifamily asset built in 1988, positioned in a high-cost ownership submarket of Glendale. The immediate neighborhood shows strong occupancy and high-income households relative to national benchmarks, while the broader 3-mile trade area indicates a deeper renter base. Elevated for-sale housing values and a moderate rent-to-income profile point to sustained reliance on rental options and potential for steady renewal activity.
The 1988 vintage suggests opportunities for targeted modernization and operational value-add while competing effectively against older neighborhood stock. Nearby headquarters and large offices broaden the employment base. Based on commercial real estate analysis from WDSuite, occupancy performance trends remain supportive versus many U.S. locations, and forward estimates for household growth within 3 miles indicate ongoing renter pool expansion.
- High-cost ownership market supports sustained multifamily demand and pricing power
- Competitive neighborhood occupancy with educated, higher-income households supporting rent rolls
- 1988 vintage offers value-add potential via unit and systems modernization
- Diverse nearby employers underpin commuter convenience and leasing depth
- Risk: Owner-heavy micro-location and mixed amenity density may temper near-term lease-up velocity