| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 80th | Best |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2616 Canada Blvd, Glendale, CA, 91208, US |
| Region / Metro | Glendale |
| Year of Construction | 1986 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2616 Canada Blvd Glendale Multifamily Investment
Neighborhood occupancy is in the top quartile nationally and elevated ownership costs support sustained renter demand, according to WDSuite s CRE market data; these trends are measured at the neighborhood level, not the property.
Located in Glendale s suburban foothills, the area balances residential stability with steady renter demand. Neighborhood occupancy is strong (top quartile nationally), and home values are among the highest in the country, which tends to reinforce reliance on multifamily housing and support lease retention.
Average neighborhood construction skews older (1962), while the property s 1986 vintage is comparatively newer, improving competitive positioning versus older stock. Investors should still anticipate targeted modernization or systems updates typical for assets of this age to preserve pricing power and reduce near-term CapEx surprises.
Local amenities are moderate: park access ranks in the upper tiers metro-wide, while everyday retail and dining options are available but not dense. This mix favors a quieter residential setting near major job centers, with renters trading some walkable convenience for access to established schools and recreation.
Demographic indicators aggregated within a 3-mile radius show stable to slightly smaller households over time and a renter base that remains deep for Los Angeles. Household counts have edged higher even as population growth has softened, implying smaller household sizes and continued demand for rental units. Median household incomes are notably high relative to national norms, and rents command premium levels in the neighborhood context, which together support occupancy stability and disciplined rent management.
Comparable neighborhood-level safety metrics are not available in WDSuite for this area. Investors typically benchmark conditions against Los Angeles metro trends and rely on property-level measures (access control, lighting, and management practices) alongside city and police department publications for underwriting. Frame assumptions conservatively and verify trends over multiple periods rather than a single snapshot.
Proximity to major corporate offices broadens the white-collar renter pool and supports retention through commute convenience. Key employers nearby include Avery Dennison, Disney, Charter Communications, Radio Disney, and Live Nation Entertainment.
- Avery Dennison materials & packaging (2.5 miles) HQ
- Disney entertainment (5.8 miles) HQ
- Charter Communications telecommunications (6.7 miles)
- Radio Disney media offices (6.8 miles)
- Live Nation Entertainment entertainment (8.7 miles)
This 24-unit, 1986-vintage asset benefits from a high-cost ownership market and strong neighborhood occupancy, supporting durable renter demand relative to broader Los Angeles trends. The property s vintage is newer than the neighborhood average, offering a competitive edge versus older comparables while leaving room for targeted value-add to enhance rents and reduce long-term maintenance risk. Based on CRE market data from WDSuite, neighborhood rents sit at premium levels and occupancy performance is solid, aligning with an investor thesis centered on stability over outsized lease-up gains.
Within a 3-mile radius, household counts are projected to grow with smaller average household sizes, which can expand the renter pool and support steady absorption. High household incomes and a premium ownership market reinforce leasing fundamentals, though amenity density is moderate and population growth is slower, warranting disciplined rent management and focused operational execution.
- Strong neighborhood occupancy and premium rent positioning support income stability.
- 1986 vintage offers competitive standing versus older stock with targeted value-add potential.
- High-cost ownership market in Glendale sustains multifamily demand and lease retention.
- 3-mile household growth and smaller household sizes point to a broader renter base.
- Risks: moderate walkable amenity density and slower population growth require careful rent and expense management.