| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 54th | Good |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 370 W Wilson Ave, Glendale, CA, 91203, US |
| Region / Metro | Glendale |
| Year of Construction | 1986 |
| Units | 21 |
| Transaction Date | 2000-12-19 |
| Transaction Price | $1,660,000 |
| Buyer | MARK VII ENTERPRISES INC |
| Seller | FAN ALEXANDER |
370 W Wilson Ave, Glendale Multifamily Investment
Positioned in Glendale’s urban core, this 21‑unit asset benefits from deep renter demand and amenity density that supports stable tenancy, according to WDSuite’s CRE market data. The property’s 1986 vintage offers relative competitiveness versus older local stock while leaving room for targeted modernization.
The neighborhood scores an A rating and functions as an Urban Core location with exceptional daily-needs access. Amenity density is a clear strength—cafes, restaurants, groceries, parks, and pharmacies all benchmark in the top percentiles nationally, indicating strong walkable convenience that supports leasing velocity and retention.
Renter concentration is high at the neighborhood level, with an estimated 77.7% of housing units renter-occupied. For investors, this points to a deep tenant base and steady multifamily demand, helping support occupancy and renewal prospects through cycles.
On pricing and occupancy, neighborhood contract rents sit in the upper national percentiles, and occupancy trends have been solid, with neighborhood occupancy measured at 94.1% and improving over the past five years. These data points suggest durable demand with management attention warranted on affordability pressure and renewal strategy as rents trend above broader norms.
Relative to local stock, the asset’s 1986 construction is newer than the neighborhood average (1976). That positioning can reduce near-term competitive risk versus older buildings while still allowing value-add through systems updates and interior refreshes to align with today’s renter expectations.
Demographic statistics within a 3‑mile radius indicate a slight population contraction alongside a modest increase in households and smaller average household sizes. Looking ahead, projections show more pronounced growth in household counts even as population is expected to edge lower, implying a larger number of smaller households and a broader renter pool—factors that can support occupancy stability and leasing velocity.
Home values in the neighborhood index high relative to incomes (value-to-income ratio in the mid‑90s percentiles nationally). In a high-cost ownership market, this dynamic tends to reinforce renter reliance on multifamily housing, supporting demand depth and giving well-located properties potential pricing power, per commercial real estate analysis from WDSuite.
Safety indicators are mixed but generally competitive in a national context. Neighborhood crime benchmarks in the upper national percentiles for safety overall, with property offense rates comparing favorably to many U.S. neighborhoods. Recent data also show a year‑over‑year uptick in violent incidents, so prudent operators may account for monitoring trends, property-level security measures, and resident communications. Comparisons should be made against the wider Los Angeles-Long Beach-Glendale metro rather than block-level assumptions.
Nearby corporate anchors such as Avery Dennison, Disney, Radio Disney, Live Nation Entertainment, and Charter Communications help underpin renter demand by concentrating professional employment within a short commute.
- Avery Dennison — materials & packaging HQ (0.68 miles) — HQ
- Disney — entertainment HQ (3.73 miles) — HQ
- Radio Disney — media offices (4.64 miles)
- Live Nation Entertainment — entertainment offices (5.74 miles)
- Charter Communications — telecom & media offices (5.97 miles)
This 21‑unit asset at 370 W Wilson Ave is positioned in a high-amenity, renter-heavy Glendale location where occupancy has held solid and neighborhood rents index well above national norms. The 1986 vintage is newer than the area’s average stock, offering relative competitiveness today and clear value‑add pathways through selective modernization. According to CRE market data from WDSuite, elevated ownership costs in the neighborhood reinforce reliance on rental housing, which can support tenant retention and pricing power with thoughtful lease management.
Within a 3‑mile radius, households have inched higher despite slight population contraction, and projections point to a further increase in household counts alongside smaller household sizes—trends that typically expand the renter pool and support occupancy stability. Nearby corporate employers add commute convenience and broaden the professional tenant base, benefiting leasing and renewal performance over time.
- Renter-heavy neighborhood with durable multifamily demand and solid occupancy trends.
- 1986 construction offers competitive positioning versus older local stock with value‑add upside.
- High-cost ownership landscape supports renter reliance, aiding pricing power and renewals.
- 3‑mile household growth and shrinking household sizes point to a larger renter pool.
- Risks: affordability pressure (rent-to-income near one‑third) and monitoring safety trends year‑to‑year.