| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 55th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 303 E Garfield Ave, Glendale, CA, 91205, US |
| Region / Metro | Glendale |
| Year of Construction | 2009 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
303 E Garfield Ave Glendale Multifamily Investment
This 30-unit property built in 2009 benefits from Glendale's strong rental demand, with neighborhood-level occupancy at 93% and 71% of housing units renter-occupied according to WDSuite's CRE market data.
Located in Glendale's urban core, this neighborhood ranks in the top quartile nationally for amenities and housing fundamentals among 1,441 metro neighborhoods. The area maintains strong rental demand with 70.5% of housing units renter-occupied, ranking 173rd regionally and placing in the 97th national percentile for rental tenure concentration.
Demographics within a 3-mile radius show household income growth of 42% over five years to a median of $90,383, supporting tenant stability and rent growth potential. The area projects continued household expansion with a 31.2% increase forecast through 2028, translating to approximately 25,750 additional households entering the rental market. This demographic growth reinforces multifamily demand in a market where elevated home values at $840,703 median sustain rental housing reliance.
Built in 2009, the property represents newer vintage compared to the neighborhood's 1963 average construction year, positioning it competitively for tenant attraction and reducing near-term capital expenditure needs. Median contract rents of $1,796 in the neighborhood rank 727th among metro areas while achieving the 88th national percentile, indicating strong pricing power. The area's amenity density includes 7.93 grocery stores per square mile and 6.8 cafes per square mile, both ranking in the top national percentiles for tenant convenience and retention appeal.
The neighborhood demonstrates strong safety metrics with crime rankings in the 87th national percentile, placing it among safer areas compared to neighborhoods nationwide. Property offense rates have declined 63% year-over-year, while violent crime rates decreased 37.4% over the same period, indicating improving security conditions that support tenant retention and property values.
With crime ranking 73rd among 1,441 metro neighborhoods, the area performs above regional averages for safety fundamentals. These improving trends contribute to the neighborhood's overall A-rating and support stable occupancy dynamics for multifamily investments.
The property benefits from proximity to major corporate headquarters and offices, providing workforce housing for diverse employment sectors within commuting distance.
- Avery Dennison — materials and manufacturing (1.5 miles) — HQ
- Disney — entertainment and media (4.4 miles) — HQ
- Radio Disney — broadcasting (5.3 miles)
- Microsoft — technology (5.8 miles)
- CBRE Group — commercial real estate services (5.8 miles) — HQ
This 30-unit Glendale property presents compelling fundamentals for multifamily investment, anchored by strong neighborhood-level occupancy at 93% and robust rental demand dynamics. The 2009 construction year provides competitive positioning with reduced maintenance requirements while household growth projections of 31.2% through 2028 support sustained tenant demand. According to multifamily property research from WDSuite, the area's 70.5% rental tenure concentration ranks in the 97th national percentile, indicating deep rental market penetration that supports lease-up velocity and retention.
Elevated median home values at $840,703 reinforce rental housing reliance, while improving safety metrics with 63% reductions in property crime enhance the investment environment. The property benefits from proximity to major employers including Avery Dennison headquarters at 1.5 miles and Disney corporate offices, providing workforce housing advantages that support occupancy stability and rent growth potential.
- Strong occupancy fundamentals with 93% neighborhood-level rates and 70.5% rental tenure concentration
- Projected household growth of 31.2% through 2028 expanding the tenant base
- 2009 vintage provides competitive positioning with reduced near-term capital needs
- Proximity to major employers including Fortune 500 headquarters supports workforce housing demand
- Risk consideration: Rent-to-income ratios in 4th national percentile may limit rent growth pace