| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 52nd | Fair |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 503 S Adams St, Glendale, CA, 91205, US |
| Region / Metro | Glendale |
| Year of Construction | 1988 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
503 S Adams St Glendale Multifamily Opportunity
Neighborhood occupancy is elevated and renter demand is deep, according to WDSuite’s CRE market data, supporting stable operations for well-located assets in Glendale. The property sits in an Urban Core setting where amenity access and a high renter base underpin long-term leasing performance.
The asset is positioned in Glendale’s Urban Core, a neighborhood rated A and ranked 140th of 1,441 Los Angeles-Long Beach-Glendale neighborhoods—competitive within the metro. Amenity access is a standout: restaurants (100th percentile nationally), pharmacies (100th), groceries (99th), childcare (99th), cafes (97th), and park access (92nd) point to day-to-day convenience that supports tenant retention and leasing velocity.
Neighborhood occupancy is 97.1% (84th percentile nationally), indicating above-average stability for operators. The share of housing units that are renter-occupied is high at roughly the upper-80s (100th percentile nationally), signaling a deep tenant base and sustained multifamily demand rather than owner-driven turnover.
Within a 3-mile radius, the population has edged down slightly over five years while total households increased, reflecting smaller household sizes and a gradual expansion of the renter pool. Looking ahead to 2028, projections indicate further household growth alongside rising incomes, which can support rent levels and reduce downtime between turns even if population growth remains modest.
Home values in the neighborhood are elevated (median around the $700K range; 93rd percentile nationally), creating a high-cost ownership market that tends to sustain reliance on multifamily housing. Median contract rents and NOI per unit benchmarks are both in the upper national percentiles (84th and 91st, respectively), reinforcing the area’s income profile for investors while emphasizing the importance of disciplined lease management where rent-to-income ratios run high.
Built in 1988, the property is newer than the neighborhood’s average vintage (1969). That positioning can offer competitive appeal versus older stock, though investors should still plan for ongoing modernization of common areas and building systems to maintain pricing power in an amenity-rich submarket.
Safety indicators are generally favorable in comparative terms: overall crime sits around the 67th percentile nationally, and violent-offense measures are around the 69th percentile—both better than the national median. Property-related offenses register stronger relative performance (about the 98th percentile nationally), which can support resident satisfaction and retention.
Recent trend data shows a notable uptick in violent-offense estimates year over year, so investors should monitor near-term volatility and emphasize standard security, lighting, and access-control measures. These figures reflect neighborhood-level conditions rather than property-specific outcomes and may evolve with broader Los Angeles dynamics.
Proximity to major employers supports commute convenience and a durable renter base, anchored by corporate offices and headquarters nearby: Avery Dennison, Disney, Radio Disney, Microsoft, and Reliance Steel & Aluminum.
- Avery Dennison — corporate offices (1.4 miles) — HQ
- Disney — corporate offices (4.9 miles) — HQ
- Radio Disney — corporate offices (5.8 miles)
- Microsoft — corporate offices (6.1 miles)
- Reliance Steel & Aluminum — corporate offices (6.2 miles) — HQ
503 S Adams St benefits from a renter-dense Urban Core location with strong amenity access, above-median neighborhood occupancy, and income performance metrics that rank in the upper national percentiles. According to commercial real estate analysis from WDSuite, the neighborhood’s high renter concentration and amenity depth support demand durability, while 3-mile household growth and rising incomes point to a larger tenant base even as population growth moderates.
The 1988 vintage is newer than the area’s average stock, offering competitive positioning versus older buildings; prudent investors may still underwrite ongoing modernization to sustain rents. Elevated home values reinforce reliance on rental housing, supporting lease-up and retention, but higher rent-to-income ratios call for careful pricing and renewal strategies. Recent safety trends are mixed—comparatively favorable levels with some volatility—suggesting routine risk management rather than a structural concern.
- Renter-dense Urban Core with upper-percentile occupancy supporting stable operations
- Amenity-rich location (restaurants, groceries, pharmacies) that aids retention and leasing
- 3-mile household growth and rising incomes expand the tenant base over time
- 1988 vintage competitive versus older stock; plan for targeted modernization
- Risks: elevated rent-to-income ratios and some volatility in recent safety trends