| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 63rd | Good |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 340 Burchett St, Glendale, CA, 91203, US |
| Region / Metro | Glendale |
| Year of Construction | 1974 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
340 Burchett St Glendale Multifamily Value-Add
Neighborhood-level data points to a deep renter-occupied base that supports durable demand, according to WDSuite’s CRE market data. Stable occupancy and strong amenity access suggest consistent leasing fundamentals for a 48-unit asset in Glendale.
Rated A and positioned among the top quartile of Los Angeles–Long Beach–Glendale neighborhoods (1,441 total), the area around 340 Burchett St offers urban-core fundamentals that matter to multifamily investors: dense amenities, transit convenience, and an established renter base. Amenity access ranks in the upper tiers nationally, with strong coverage of groceries, cafes, restaurants, parks, and pharmacies, supporting day-to-day livability and lease retention.
The neighborhood’s housing stock trends slightly newer than this property’s 1974 vintage (area average 1981). For investors, an older asset can translate into capital planning needs for systems and finishes, but it also opens value-add and repositioning potential versus nearby 1980s-era comparables.
Renter-occupied share is high at the neighborhood level, indicating a deep tenant base and resilient demand for apartments. Home values are elevated relative to incomes in the broader context, a high-cost ownership environment that typically reinforces reliance on multifamily rentals and can support pricing power when managed with effective lease strategies.
Within a 3-mile radius, demographics show modest recent population movement but a slight increase in household counts and a trend toward smaller household sizes. Looking forward, forecasts indicate further household growth alongside shrinking average household size, which can expand the renter pool and support occupancy stability even if population is flat to slightly down.
Safety indicators compare favorably at the national level. Neighborhood crime metrics score in the upper percentiles nationally (safer than many neighborhoods nationwide), and recent trend data shows notable year-over-year declines in both violent and property offenses. Investors can read this as supportive of renter retention and leasing velocity, while still underwriting conservatively at the asset level.
Proximity to major corporate offices underpins steady renter demand by shortening commutes for knowledge-economy and media workers. Notable nearby employers include Avery Dennison, Disney, Charter Communications, Microsoft, and CBRE Group.
- Avery Dennison — corporate offices (0.2 miles) — HQ
- Disney — entertainment corporate offices (3.7 miles) — HQ
- Charter Communications — telecom corporate offices (5.7 miles)
- Microsoft — technology offices (7.2 miles)
- CBRE Group — real estate services (7.3 miles) — HQ
This 48-unit, 1974-vintage asset sits in an A-rated, amenity-rich Glendale location with a high share of renter-occupied housing at the neighborhood level. Elevated ownership costs in the area help sustain reliance on rentals, while dense retail and service amenities support day-to-day convenience and leasing stability. Based on CRE market data from WDSuite, the surrounding neighborhood exhibits strong national standing on amenities and shows improving safety trends, both positive for tenant retention and long-term income durability.
The 1974 vintage is older than the neighborhood’s average stock, suggesting near- to medium-term capital planning and a potential value-add path to sharpen competitive positioning against 1980s-era comparables. Within a 3-mile radius, household counts have edged up and are projected to grow further as average household size declines, a pattern that typically expands the renter pool and supports occupancy. Rent-to-income levels indicate some affordability pressure, so operators should emphasize renewal strategies and customer service to balance pricing power with retention.
- Amenity-rich A-rated location with strong national standing and dense daily conveniences
- High renter-occupied share at the neighborhood level supports depth of tenant demand
- 1974 vintage offers value-add potential alongside prudent capital planning
- 3-mile household growth and smaller household sizes expand the renter pool and support occupancy
- Risk: Affordability pressure warrants careful lease management and retention-focused operations