| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 54th | Good |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 340 N Kenwood St, Glendale, CA, 91206, US |
| Region / Metro | Glendale |
| Year of Construction | 1988 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
340 N Kenwood St Glendale Multifamily Investment
Neighborhood-level data points to durable renter demand and steady occupancy, according to WDSuite’s CRE market data. Metrics cited reflect the surrounding neighborhood, not the property, providing context for underwriting assumptions.
Situated in Glendale’s Urban Core within the Los Angeles-Long Beach-Glendale metro, the neighborhood ranks 116 out of 1,441 metro neighborhoods, signaling competitive positioning among local peers. Amenity density is a clear strength — cafes and restaurants score at the top of national comparisons, with groceries, pharmacies, and parks also testing in high national percentiles — supporting day-to-day convenience and resident retention.
The property’s 1988 vintage is newer than the neighborhood’s average construction year of 1976. For investors, this generally improves competitive positioning versus older local stock while still warranting capital planning for aging systems and modernization as needed to support leasing performance.
Renter concentration is a defining feature: at the neighborhood level, the share of renter-occupied housing is very high, indicating a deep tenant base that can support occupancy stability and absorption for multifamily. Within a 3-mile radius, households have edged higher over the past five years while average household size has trended lower, pointing to more, smaller households entering the rental pool and sustaining demand for professionally managed units.
Income and housing market context reinforce leasing fundamentals. Elevated home values relative to incomes in the neighborhood point to a high-cost ownership market that tends to sustain reliance on multifamily rentals and support pricing power. At the same time, rent-to-income ratios indicate pockets of affordability pressure, suggesting asset management should emphasize renewals and lease management to protect retention.
Neighborhood safety trends compare favorably to many areas nationally, with overall crime levels sitting above the national midpoint (68th percentile nationwide). Within the Los Angeles-Long Beach-Glendale metro context, this places the area above the metro median on safety, which can support leasing velocity and resident tenure.
Recent year data shows improvement in property offense rates at the neighborhood level, while violent offense indicators have exhibited some volatility. Investors should monitor trendlines rather than single data points and calibrate security measures and insurance assumptions accordingly.
Proximity to a diverse employer base — including materials, media, and telecom corporate offices — supports commuter convenience and broad renter demand at the neighborhood level.
- Avery Dennison — materials & packaging (0.5 miles) — HQ
- Disney — media & entertainment (4.3 miles) — HQ
- Radio Disney — media offices (5.2 miles)
- Charter Communications — telecom (6.3 miles)
- Live Nation Entertainment — entertainment offices (6.3 miles)
340 N Kenwood St offers exposure to an amenity-rich Glendale neighborhood that is competitive among 1,441 Los Angeles-Long Beach-Glendale metro neighborhoods and supports steady renter demand. According to CRE market data from WDSuite, the area shows high renter-occupied share at the neighborhood level and strong amenity access, factors that typically contribute to occupancy stability and pricing power for well-managed assets.
Built in 1988, the asset is newer than much of the immediate area’s housing stock, which can aid leasing versus older comparables; investors should still plan for targeted modernization and system updates over the hold. Within a 3-mile radius, households are expanding and are projected to continue growing while household sizes edge down, indicating a broadening renter pool. Elevated ownership costs in the neighborhood context further reinforce reliance on multifamily housing, though rent-to-income signals suggest careful lease management to maintain retention.
- Competitive Glendale Urban Core location with top-tier amenity access supporting leasing durability
- High neighborhood renter-occupied share indicates deep tenant base and supports occupancy stability
- 1988 vintage offers relative competitiveness vs. older stock with value-add modernization potential
- 3-mile household growth and smaller household sizes point to ongoing renter pool expansion
- Risks: affordability pressures (rent-to-income) and crime trend variability require prudent lease and operating strategies