| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 68th | Good |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 318 W Chevy Chase Dr, Glendale, CA, 91204, US |
| Region / Metro | Glendale |
| Year of Construction | 1974 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
318 W Chevy Chase Dr Glendale Multifamily Investment
Neighborhood occupancy remains in the mid‑90s with a very high share of renter‑occupied housing, pointing to durable tenant demand, according to CRE market data from WDSuite. For investors, this suggests stable leasing fundamentals at the neighborhood level in Glendale’s urban core.
Located in Glendale’s Urban Core, 318 W Chevy Chase Dr sits within a renter-heavy neighborhood that ranks A overall (192 of 1,441 Los Angeles–Long Beach–Glendale neighborhoods), indicating competitive fundamentals among metro peers. The area’s renter-occupied share is extremely high, signaling a deep tenant base that can support steady absorption and renewal activity for multifamily assets.
Amenity access is a strength: neighborhood measures are competitive nationally for restaurants (top decile), groceries and pharmacies (near the top of national comparisons), and cafes. These features support leasing and retention for residents prioritizing walkable services. Park access measures are limited locally, so outdoor space or on-site amenities may matter more for resident satisfaction.
Neighborhood occupancy averages about 95% (above the national median), and median asking rents are around $2,000 with strong five‑year growth, based on WDSuite’s CRE market data. For investors, this combination suggests resilient pricing and limited prolonged vacancy risk, while the neighborhood’s NOI per unit trends rank in the upper tier metro‑wide, reinforcing operational performance potential.
The property’s 1974 vintage is slightly newer than the neighborhood’s typical 1960s stock. That relative positioning can aid competitiveness versus older buildings, though investors should plan for ongoing capital needs and selective modernization to meet current renter expectations.
Demographic statistics aggregated within a 3‑mile radius show households have grown modestly despite a relatively flat population trend, with projections calling for further household gains and smaller average household sizes. This points to a gradually expanding renter pool that can support occupancy stability and unit absorption over time.
Tenure data indicates a very high share of renter‑occupied units in the neighborhood, which translates to a broad multifamily demand base and supports leasing velocity. At the same time, a rent‑to‑income ratio near 30% warrants attentive lease management to maintain retention in periods of slower wage growth.
Safety indicators are comparatively favorable in this neighborhood. WDSuite data places the area in the top quartile nationally for overall safety (high national percentile), with both property and violent offense measures trending lower year over year. Within the Los Angeles–Long Beach–Glendale metro (1,441 neighborhoods), the neighborhood’s safety rank indicates performance that is competitive among peers rather than an outlier.
Investors should view these trends as supportive of leasing and retention, while still underwriting with normal urban risk assumptions and monitoring local conditions over time.
Proximity to major employers supports a strong commuter tenant base and can aid retention. Notable nearby corporate offices include Avery Dennison, Disney, Radio Disney, Live Nation Entertainment, and Microsoft.
- Avery Dennison — corporate offices (1.6 miles) — HQ
- Disney — entertainment (4.1 miles) — HQ
- Radio Disney — media (5.0 miles)
- Live Nation Entertainment — entertainment (5.4 miles)
- Microsoft — technology (5.6 miles)
318 W Chevy Chase Dr offers investors exposure to a renter-dense Glendale submarket with steady neighborhood occupancy near the mid‑90s and strong amenity access that supports retention. The 1974 vintage is somewhat newer than much of the surrounding 1960s stock, which can help competitive positioning versus older assets, while still leaving room for targeted upgrades that enhance rentability and operating efficiency. According to CRE market data from WDSuite, neighborhood rents have grown meaningfully over the last five years and the local renter base is deep, underpinning demand durability.
Within a 3‑mile radius, households have increased and are projected to continue growing even as population remains roughly stable, implying smaller household sizes and a gradual expansion of the renter pool. Key risks to underwrite include limited park access in the immediate area and affordability pressure with rent‑to‑income near 30%, which calls for prudent lease management and resident experience investments.
- Renter-dense neighborhood with mid‑90s occupancy supports leasing stability
- Strong amenity and job access underpin depth of tenant demand
- 1974 vintage offers relative competitiveness plus value‑add/modernization angles
- Household growth within 3 miles suggests a gradually expanding renter pool
- Risks: limited park access and affordability pressure warrant careful lease and CapEx planning