| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 58th | Good |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 324 Concord St, Glendale, CA, 91203, US |
| Region / Metro | Glendale |
| Year of Construction | 1986 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
324 Concord St, Glendale CA Multifamily Investment
Neighborhood occupancy has remained tight and renter demand is supported by a strong renter-occupied housing base, according to WDSuite’s CRE market data. This points to resilient leasing and retention potential in Glendale’s urban core.
Glendale’s Urban Core positions 324 Concord St within a competitive part of the Los Angeles-Long Beach-Glendale metro. The neighborhood ranks 235 out of 1,441 metro neighborhoods, placing it competitive among Los Angeles-Long Beach-Glendale, CA neighborhoods for overall livability and investor fundamentals. High neighborhood occupancy levels support stability for multifamily operators and align with above-metro performance.
Amenities are a clear strength. Grocery access and parks score in the top decile nationally (97th and 98th percentiles), with dense restaurant and café options as additional demand drivers (both around the 90th percentile). Pharmacy options are limited within the immediate neighborhood, so residents may travel slightly farther for prescriptions, but day-to-day conveniences remain abundant. These amenity dynamics help deepen the renter pool and support retention.
The property’s 1986 vintage is newer than the neighborhood’s average construction year of 1962. For investors, this suggests relative competitiveness versus older local stock, while still leaving room for targeted modernization of interiors and building systems to enhance positioning against newer deliveries.
Tenure patterns underscore demand depth. Within a 3-mile radius, a high share of housing units are renter-occupied, reinforcing the depth of the tenant base and supporting occupancy stability. Over the past five years, neighborhood rents have risen meaningfully and occupancy has trended upward, based on CRE market data from WDSuite. At the same time, elevated home values in the neighborhood—well above national norms—indicate a high-cost ownership market that tends to sustain reliance on multifamily housing.
Three-mile demographics point to smaller average household sizes and a modest increase in household count even as population edged lower, which can translate into more households competing for rental options. Forward-looking projections show households continuing to increase within the 3-mile radius, which supports ongoing renter demand and leasing velocity for well-positioned assets.
Safety indicators are mixed but comparatively constructive in context. The neighborhood’s crime rank sits above the metro median (rank 641 out of 1,441), and national positioning lands around the 60th percentile — indicating comparatively safer conditions than many neighborhoods nationwide. Recent estimates suggest violent offenses have eased year over year, while property offenses have moved higher, so operators should continue standard security and asset management practices.
Proximity to major corporate employers supports a broad commuter tenant base and aids retention. Nearby anchors include Avery Dennison, Disney, Radio Disney, Charter Communications, and Live Nation Entertainment.
- Avery Dennison — materials & labeling (0.93 miles) — HQ
- Disney — entertainment & media (3.14 miles) — HQ
- Radio Disney — media offices (4.06 miles)
- Charter Communications — telecommunications (5.40 miles)
- Live Nation Entertainment — entertainment corporate offices (5.40 miles)
324 Concord St is a 26-unit asset in Glendale’s Urban Core with neighborhood fundamentals that skew favorable for long-term multifamily performance. Tight neighborhood occupancy, a large renter-occupied housing base within a 3-mile radius, and proximity to major employers support depth of demand and leasing stability. According to CRE market data from WDSuite, the neighborhood’s amenity access scores well above national norms, reinforcing renter appeal and potential retention.
The 1986 vintage is newer than much of the local housing stock, offering relative competitiveness versus older properties while presenting practical value-add avenues through modernization and energy or systems upgrades. Elevated local home values indicate a high-cost ownership market, which can sustain reliance on rentals and bolster pricing power for well-positioned units. Key watch items include managing rent-to-income affordability pressure and monitoring the recent uptick in property offenses with appropriate on-site measures.
- Tight neighborhood occupancy and strong renter base support stable leasing
- Amenity-rich urban location enhances demand and retention
- 1986 vintage offers competitive position with modernization upside
- High-cost ownership market reinforces multifamily demand and pricing power
- Risks: affordability pressure and recent property offense uptick warrant active management