| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 68th | Good |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 324 W Maple St, Glendale, CA, 91204, US |
| Region / Metro | Glendale |
| Year of Construction | 1985 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
324 W Maple St Glendale Multifamily Investment
Positioned in Glendale’s urban core, the asset benefits from stable neighborhood occupancy and a deep renter base that supports consistent leasing, according to WDSuite’s CRE market data.
Glendale’s Urban Core location delivers daily-life convenience that helps sustain renter demand. Neighborhood amenities track in the top quartile nationally for access to groceries, pharmacies, childcare, and dining, with particularly dense coverage of restaurants and grocery options. This concentration of services supports everyday livability and reduces turnover risk for workforce and professional renters.
The neighborhood carries an A rating and ranks in the top quartile among 1,441 metro neighborhoods, signaling competitive fundamentals for Los Angeles-Long Beach-Glendale. Occupancy in the neighborhood is above national norms with only modest movement in recent years, an indicator of leasing durability. Within a 3-mile radius, roughly seven in ten housing units are renter-occupied, pointing to a large tenant base and steady multifamily demand.
At the property level, the 1985 vintage is newer than the area’s average construction year of 1966. That positioning can be advantageous versus older stock, while still leaving room for targeted modernization and systems updates to enhance rentability and reduce near-term capital surprises.
Demographic statistics aggregated within a 3-mile radius show a slight population dip alongside growth in household counts and higher incomes over the last five years, resulting in smaller average household sizes. This pattern typically supports multifamily absorption as more, smaller households seek rental options. Rent-to-income levels in the neighborhood read as manageable relative to comparable coastal markets, which can aid retention and pricing discipline.
Two considerations for underwriting: park access is limited locally, which may reduce appeal for some residents, and the neighborhood’s pandemic resilience metrics underperformed the metro, suggesting sectors with service-oriented employment exposure. These are counterbalanced by amenity density, strong renter concentration, and proximity to major job centers.
Safety indicators compare favorably on a national basis. According to WDSuite’s data, the neighborhood sits in a high national percentile for lower crime, placing it among stronger-performing areas nationwide. Recent year-over-year trends show notable declines in both property and violent offenses, which supports renter confidence and leasing stability.
Within the Los Angeles-Long Beach-Glendale metro, the area is competitive relative to peer neighborhoods, and national percentiles place it in the top quartile for safety. As always, crime can vary by block and over time, so investors should pair these directional signals with on-the-ground diligence.
Proximity to major corporate offices underpins commuter convenience and a diversified white-collar tenant base. Nearby anchors include Avery Dennison, Disney, Radio Disney, Live Nation Entertainment, and Microsoft, supporting leasing velocity and retention for professionally oriented renters.
- Avery Dennison — materials manufacturing HQ (1.4 miles) — HQ
- Disney — entertainment HQ (4.0 miles) — HQ
- Radio Disney — media offices (4.9 miles)
- Live Nation Entertainment — entertainment offices (5.5 miles)
- Microsoft — technology offices (5.8 miles)
This 22-unit, mid-1980s asset stands in a top-quartile Los Angeles-Long Beach-Glendale neighborhood with strong amenity access and a broad renter pool. According to CRE market data from WDSuite, neighborhood occupancy is above national norms and crime trends have improved year over year, supporting tenant retention and income stability. The 1985 vintage is newer than local averages, offering relative competitiveness versus older stock while preserving upside through focused renovations and building systems upgrades.
Within a 3-mile radius, rising household counts, higher incomes, and smaller average household sizes point to a larger, more rental-reliant tenant base over time. Amenity density (groceries, pharmacies, childcare, and dining) and proximity to major employers help sustain demand, while limited park access and historically weaker pandemic resilience metrics warrant conservative underwriting on marketing and tenant mix strategies.
- Top-quartile neighborhood within the metro, with strong amenity access supporting leasing durability.
- Occupancy and safety indicators compare favorably nationally, reinforcing retention prospects.
- 1985 vintage offers competitive positioning versus older stock, with value-add via targeted modernization.
- 3-mile demographics show more households and higher incomes, expanding the renter pool.
- Risks: limited park access and service-sector exposure suggest prudent assumptions on marketing and absorption.