| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 63rd | Good |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 360 Pioneer Dr, Glendale, CA, 91203, US |
| Region / Metro | Glendale |
| Year of Construction | 1987 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | $1,944,588 |
| Buyer | WONG KIN C |
| Seller | CALIFORNIA FEDERAL BANK FSB |
360 Pioneer Dr Glendale Multifamily Investment Opportunity
Positioned in Glendale Los Angeles this 33-unit asset benefits from a renter-heavy neighborhood and strong daily amenities that support leasing durability, according to WDSuite s CRE market data. Renter-occupied share is competitive among Los Angeles-Long Beach-Glendale neighborhoods, reinforcing depth of the tenant base.
The property sits in an Urban Core pocket of Glendale with dense amenities and everyday convenience. Amenity access ranks competitive among Los Angeles-Long Beach-Glendale neighborhoods and lands in the top quartile nationally for cafes, groceries, pharmacies, and restaurants a pattern that typically supports resident retention and reduces friction in leasing. Average school ratings trend modestly above the national median, providing a balanced family appeal without overreliance on top-tier school draws.
Neighborhood housing dynamics point to steady renter demand. The share of housing units that are renter-occupied sits competitive among metro peers, signaling a deep tenant base for multifamily. Reported neighborhood occupancy is close to the national median; in practice, the amenity density and employment access nearby often help stabilize leasing through cycles rather than drive outsized rent spikes.
Vintage matters for capital planning: built in 1987, the asset is newer than the neighborhood s average vintage, which can support competitive positioning against older stock. Investors should still underwrite selective modernization and system upgrades to meet current renter expectations and sustain pricing power.
Demographic statistics aggregated within a 3-mile radius show households edging higher over the last five years with smaller average household sizes, while total population trends slightly softer; this combination points to a gradually expanding renter pool and more one- to two-person households entering the market. Looking ahead, forecasts indicate a further increase in household counts, which supports occupancy stability and broadens the tenant base even if population growth remains muted.
Ownership costs are elevated for the area relative to incomes, which tends to sustain reliance on multifamily rentals and can support lease-up and retention. At the same time, rent-to-income levels indicate some affordability pressure, suggesting a need for disciplined lease management and amenity-driven value to maintain collections and reduce turnover.
Safety indicators are comparatively favorable for this Glendale neighborhood. Based on metro rankings, it sits among the safer segments of the Los Angeles-Long Beach-Glendale area, and national comparisons place it in the higher percentiles for safety a constructive backdrop for resident retention.
Recent trend data also show notable year-over-year decreases in both violent and property offense rates, which supports a stable operating environment. While conditions can vary by block and over time, the directional improvements and above-average standing versus neighborhoods nationwide provide a supportive context for multifamily operations.
The immediate area draws on a diversified white-collar employment base across media, communications, and corporate services a mix that supports steady renter demand and commute convenience for residents working nearby at Avery Dennison, Disney, Radio Disney, Charter Communications, and Live Nation Entertainment.
- Avery Dennison a0 corporate offices (0.3 miles) a0 HQ
- Disney a0 entertainment & media (3.7 miles) a0 HQ
- Radio Disney a0 media (4.6 miles)
- Charter Communications a0 communications (5.7 miles)
- Live Nation Entertainment a0 entertainment (6.0 miles)
360 Pioneer Dr offers investors exposure to an amenity-rich Urban Core location with a deep renter base and commuting access to major employers. Built in 1987, the property s vintage is newer than the neighborhood average, which can bolster competitiveness versus older stock while still leaving room for targeted renovations. Neighborhood occupancy trends near national norms, but the high renter concentration and strong daily convenience typically support leasing stability through cycles. Elevated ownership costs in the area reinforce reliance on rentals, while rent-to-income dynamics warrant attentive lease management. These themes are consistent with patterns observed in the submarket, and, according to CRE market data from WDSuite, align with broader drivers of multifamily demand across comparable Los Angeles neighborhoods.
Demographic statistics within a 3-mile radius indicate modest historical growth in households with smaller household sizes and a forecast for further household gains, signaling potential renter pool expansion even as population growth remains muted. Combined with strong employer proximity and top-quartile amenity access nationally, the asset s location supports durable occupancy and pricing discipline over the hold.
- Amenity-dense Glendale location with top-quartile national access to daily needs supporting retention
- Deep renter-occupied housing base competitive among metro neighborhoods, reinforcing demand
- 1987 construction offers relative competitiveness versus older stock with value-add potential
- Household growth and smaller household sizes within 3 miles point to renter pool expansion
- Risk: rent-to-income pressure requires disciplined lease management to sustain collections and occupancy