| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 68th | Good |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 333 Riverdale Dr, Glendale, CA, 91204, US |
| Region / Metro | Glendale |
| Year of Construction | 1975 |
| Units | 20 |
| Transaction Date | 2024-04-17 |
| Transaction Price | $7,000,000 |
| Buyer | PREMIER FUND 24 LLC |
| Seller | WESTERN ADVENTIST FOUNDATION |
333 Riverdale Dr Glendale Multifamily Opportunity
Strong renter demand and amenity depth in Glendale support stable occupancy and income durability, according to WDSuite’s CRE market data.
Rated A and ranked 192 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods, this Urban Core location sits in the top quartile metro-wide — an indicator of competitive fundamentals for multifamily. Amenity access is a clear strength: groceries, restaurants, and pharmacies register in the high national percentiles, reinforcing everyday convenience that tends to aid retention.
Rent levels in the neighborhood score in the upper national percentiles while occupancy has remained elevated, pointing to resilient renter demand and NOI stability. Median contract rents are well above national norms (92nd percentile), and neighborhood occupancy has held in the mid‑90s, which, based on CRE market data from WDSuite, aligns with steady absorption in comparable urban Los Angeles submarkets.
Within a 3‑mile radius, the share of housing units that are renter‑occupied is substantial, offering a deep tenant base and supporting leasing velocity. Household counts have increased despite modest population softness, and are projected to rise further alongside smaller average household sizes — dynamics that typically expand the renter pool and support occupancy stability.
The property’s 1975 vintage is somewhat newer than the neighborhood’s average construction year (1966). That positioning can be competitive versus older stock, while prudent capital planning should account for aging building systems and selective modernization to drive rent premium potential through thoughtful value‑add.
Safety trends compare favorably at the neighborhood level. According to WDSuite’s CRE market data, overall crime sits in a high national percentile (safer than many U.S. neighborhoods), with both property and violent offense metrics indicating top‑quartile performance nationally. Recent year‑over‑year declines in estimated property and violent offenses further support a constructive trajectory. As always, investors should evaluate micro‑location conditions and property‑level security measures alongside these neighborhood indicators.
Proximity to major employers in media, technology, and corporate services supports a broad renter base and commute convenience for workforce tenants. The list below highlights nearby anchors likely to influence leasing and retention at this address.
- Avery Dennison — materials & labeling (1.3 miles) — HQ
- Disney — entertainment (4.0 miles) — HQ
- Radio Disney — media (4.8 miles)
- Live Nation Entertainment — live entertainment (5.5 miles)
- Microsoft — technology offices (6.0 miles)
333 Riverdale Dr offers investors exposure to a top‑quartile Los Angeles urban neighborhood with strong amenity access, deep renter concentration, and historically steady occupancy. The 1975 vintage is relatively newer than the local average, suggesting competitive positioning versus older stock, while targeted renovations and systems updates can unlock additional rent potential. According to commercial real estate analysis from WDSuite, neighborhood rents and NOI per unit rank well nationally, consistent with durable demand drivers in this pocket of Glendale.
Near‑term performance is supported by convenience retail and corporate employment nodes, while 3‑mile trends show rising household counts and smaller household sizes — factors that typically expand the renter pool and aid leasing stability. Investors should balance these strengths with affordability management and planned capital improvements commensurate with the asset’s age.
- Top‑quartile metro location with strong amenity access and steady neighborhood occupancy
- Deep renter base within 3 miles supports leasing velocity and retention
- 1975 vintage offers value‑add potential through targeted modernization
- Nearby media, tech, and corporate employers underpin demand
- Risks: affordability pressure and age‑related capex require proactive asset management