| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 63rd | Good |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 330 W Doran St, Glendale, CA, 91203, US |
| Region / Metro | Glendale |
| Year of Construction | 1986 |
| Units | 20 |
| Transaction Date | 2015-01-06 |
| Transaction Price | $6,010,000 |
| Buyer | 4072 CHEVY CHASE LLC |
| Seller | MEISSNER MARIA DEL PILAR |
330 W Doran St Glendale Multifamily Investment
Positioned in Glendale an A-rated Urban Core neighborhood the asset benefits from deep renter demand and strong amenity density, according to WDSuite s CRE market data. Neighborhood occupancy is steady and renter concentration is high, supporting leasing durability for a 20-unit property profile.
The property sits in one of the Los Angeles-Long Beach-Glendale metro s stronger urban neighborhoods (ranked 99 of 1,441), with a dense amenity base that supports renter convenience and retention. Caf e9s, groceries, pharmacies, parks, and restaurants all index in the top national percentiles, signaling daily-needs accessibility and lifestyle appeal that typically underpins occupancy stability.
Neighborhood occupancy is 90.4% with only a modest five-year softening, while 75%+ of housing units are renter-occupied together indicating a large tenant base and depth for multifamily demand at this location. Median contract rents in the neighborhood are elevated versus national norms and have grown over the past five years, consistent with urban Los Angeles dynamics.
Vintage matters: built in 1986, this asset is slightly newer than the neighborhood average (1981). That relative vintage can offer competitive positioning versus older stock, though investors should still underwrite for typical mid-1980s systems and potential common-area or unit modernization to support rents and retention.
Within a 3-mile radius, household counts have edged higher historically and are projected to continue increasing, even as average household size trends lower. This combination implies a larger renter pool over time and supports leasing demand, while the area s high value-to-income ratios and elevated home values reinforce reliance on multifamily housing rather than ownership. For investors, that dynamic can translate to steadier occupancy and pricing power, balanced against rent-to-income affordability considerations for lease management.
Neighborhood safety indicators compare favorably on a national basis, with the area scoring in the upper deciles for lower violent and property offense rates. Year over year, estimated violent offenses declined sharply and property offenses fell meaningfully, suggesting an improving trend relative to many urban peers nationwide, based on CRE market data from WDSuite.
As always, safety conditions vary by micro-location and over time; investors should evaluate on-the-ground patterns and property-level security measures as part of due diligence. The comparative positioning supports renter appeal and can aid retention, but underwriting should remain conservative.
Nearby corporate offices create a diverse employment base that supports renter demand and commute convenience, including Avery Dennison, Disney, Radio Disney, Charter Communications, and Live Nation Entertainment.
- Avery Dennison corporate offices (0.3 miles) HQ
- Disney entertainment & media (3.8 miles) HQ
- Radio Disney media offices (4.7 miles)
- Charter Communications telecommunications offices (5.8 miles)
- Live Nation Entertainment entertainment offices (6.0 miles)
330 W Doran St offers exposure to a renter-heavy Glendale location with sustained amenity density and commuting access that support occupancy durability. The neighborhood s high renter concentration and nationally strong amenity scores point to enduring multifamily demand, while elevated ownership costs in the area further reinforce reliance on rental housing. Built in 1986, the property is slightly newer than the neighborhood average, providing a competitive edge versus older inventory, though investors should plan for selective value-add or systems updates to optimize rents and retention.
Based on CRE market data from WDSuite, neighborhood occupancy remains healthy with steady five-year performance, and 3-mile household counts are expected to trend higher alongside smaller household sizes both supportive of a broadening tenant base. The primary watchpoint is affordability pressure, as rent-to-income ratios run high for the neighborhood; prudent lease management and targeted renovations that enhance value perception can help sustain performance through cycles.
- Renter-heavy neighborhood supports deep tenant base and leasing stability
- Strong amenity access (caf e9s, groceries, parks, pharmacies) underpins retention
- 1986 vintage offers competitive positioning with scope for targeted value-add
- 3-mile household growth and smaller household sizes expand the renter pool
- Risk: elevated rent-to-income requires careful pricing and renewal strategy