| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 55th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 320 N Cedar St, Glendale, CA, 91206, US |
| Region / Metro | Glendale |
| Year of Construction | 1985 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
320 N Cedar St Glendale CA Multifamily Investment
This 26-unit property sits in a neighborhood ranking in the top quartile for amenity access among 1,441 Los Angeles-Long Beach-Glendale metro neighborhoods. Commercial real estate analysis from WDSuite shows the area maintains strong rental demand with 71% of housing units occupied by renters.
The property sits in an urban core neighborhood that ranks among the top performers regionally for amenities and housing fundamentals. With a neighborhood rating of A and ranking 175th among 1,441 metro neighborhoods, the area demonstrates strong investment characteristics. The neighborhood's amenity density places it in the 95th percentile nationally, supported by 6.95 grocery stores per square mile and 22 restaurants per square mile.
Built in 1985, this property aligns with the neighborhood's average construction year of 1974, suggesting potential value-add opportunities through strategic renovations and unit improvements. The building's 1,073 square foot average unit size provides competitive positioning in a market where renters occupy 71% of housing units, well above typical ownership-oriented markets.
Demographics within a 3-mile radius show a stable renter base with 197,000 residents and median household income of $88,459. The area's 68% renter share reinforces sustained rental demand, while elevated home values at $685,042 median limit ownership accessibility and support continued reliance on rental housing. Rent affordability shows some pressure with a 0.34 rent-to-income ratio ranking in the bottom quartile regionally, requiring careful lease management considerations.
Neighborhood-level occupancy stands at 88.8%, though this represents a 5.4 percentage point decline over five years, suggesting the need for competitive positioning and tenant retention strategies. The area's median contract rent of $1,943 reflects the premium urban location, with 40% rent growth over the past five years indicating strong pricing power despite occupancy headwinds.
Safety data for this specific neighborhood is not currently available in the regional dataset. Investors should conduct independent due diligence on local crime trends and security considerations as part of their property evaluation process. The broader Glendale area benefits from municipal police services and established community safety infrastructure typical of mature Los Angeles County neighborhoods.
The property benefits from proximity to several major corporate employers that support local workforce housing demand, including Fortune 500 headquarters and established office operations within the greater Los Angeles market.
- Avery Dennison — materials and labeling solutions (0.9 miles) — HQ
- Disney — entertainment and media (4.7 miles) — HQ
- Radio Disney — media operations (5.6 miles)
- Live Nation Entertainment — entertainment services (6.7 miles)
- Charter Communications — telecommunications (6.7 miles)
This 26-unit property represents a value-add opportunity in a high-amenity Los Angeles submarket with strong rental fundamentals. According to CRE market data from WDSuite, the neighborhood ranks in the top quartile nationally for amenity access while maintaining 71% rental occupancy, well above ownership-oriented markets. The 1985 construction year aligns with area norms and suggests renovation upside potential to capture premium rents in a market showing 40% rent growth over five years.
Demographics within a 3-mile radius support sustained rental demand with nearly 197,000 residents and forecast household growth of 32% through 2028. Elevated home values at $685,042 median limit ownership accessibility, reinforcing tenant retention in the rental market. The property's proximity to major employers including Avery Dennison headquarters and Disney corporate offices provides workforce housing appeal.
- Top quartile amenity access among 1,441 metro neighborhoods
- Strong rental market with 71% of housing units renter-occupied
- Value-add potential through strategic renovations of 1985 vintage units
- Proximity to Fortune 500 headquarters supports workforce housing demand
- Risk consideration: neighborhood occupancy declined 5.4 points over five years